Yeah, not a macro guy either. I would like to write a paper on Bitcoin one day, but that may be a pipe dream given the amount of effort it takes to start a new research agenda.

As to the point on supply curves, I also wouldn't say it renders the paper useless, but it really depends on the papers' goals. Again, i'd have to take a deeper dive which I'm really looking forward to, just gotta find time.

Also, interesting tidbit, Coinbase's UI shows the depth chart of bitcoin, i.e. the current buy orders at each price level and the current sell orders at each price level. I use that to show a visualization of supply and demand in my intro to micro class.