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The ecosystem is so complex now that playing out the game theory is beyond my ability. You could be right wrt miners and their purchased hashrate. I don't have a good feel for it.
I'm glad this thread has been quite civil because I know it can be a sensitive topic.
That's the beautiful thing about SN, you can find this kind of discussion. You have to look and curate it somehow, but at least it's there!
Having a community consensus around possible ways to handle it and maybe some math/models and/or code skeletons to test/simulate would be really beneficial.
Consensus is almost certainly too much to ask for, but how amazing would it be to have a bunch of detailed writeups, w/ code, simulation results, etc? From what I believe about human nature, these wouldn't persuade anybody, or reduce the idiocy, but once the shit hit the fat, having these well-fleshed-out ideas, complete with code and some data and concrete artifacts, would be a huge boon.
I think future bitcoin development, esp when its under duress, is likely to be a complete garbage-can model, and knowing that should allow us to prepare (and, eventually, react) sensibly.