Probably, but you can always count on the US Government to move at a glacial pace. If they're even talking about licensing for crypto exchanges by the end of this year, I'd be surprised. Barring, of course, another major exchange implosion - something like that might get them moving quite swiftly.
I agree - they've underestimated the scale at every step since August. I think it's likely they did so again, initially. That's why we started seeing so many "true believers will hold" posts from Josh, and even incentives to hold - he got a whiff of how big this was really going to be, and knew a hard floor wouldn't work unless almost all of us held. Clearly, that didn't happen.
ziftrCoin is interesting, but I have serious reservations about it being PoW. Apparently, if the market value is > $1, you can purchase in full with ziftr. If it falls below $1, however, you can only use it for 5% of the purchase price. I think there's a strong possibility that, should ziftrCoin ever drop below that $1 mark, the reduction in utility combined with PoW miners dumping it for something more useful will ensure that it never again goes back above. I'm not sure a 2-3% discount on a purchase is enough incentive to jump through all the hoops required to get it.
That is absolutely true. What bothers me the most of all is that it now looks like they're trying to side-step the issue. Own it, apologize, and move on, I say. The only thing I ever want to hear from Josh again about the floor is "we tried it, it didn't work, we're trying something else now".
Don't forget the value proposition. World-wide availability via debit card would be a great step for any crypto, but my dollars can already do that. It needs to do something, anything, that my dollars can't already do, or there's no real reason to buy in.