You think right. Check out the First Appearance portion of his personal data: “(as Carapax) BLUE BEETLE #1; (as the Indestructible Man) BLUE BEETLE #14″. Len Wein spent the whole first year of the book setting up just that thread. I think he only stopped hiking up the Claremont Coefficient (warning: link goes to TV Tropes) in the last few issues, when the book was about to be cancelled.

(I remember when Overthrow, the anarcho-socialist supervillain with the jai-alai-themed power armor, who was also the Manhunters’ agent in Ted’s comic, was unmasked… not as the K.O.R.D. employee we were being led to suspect, not as another supporting character, but as a nobody we’d never heard of before and, I suspect, never heard of again. It was just as anticlimactic as when Steve Ditko was prevented from using it for the Reveal on the Green Goblin.)

Isn’t that pretty much Indianna FUCKING Jones right there?

That said, Carapax deserves to make it back to dry land every six or eight years, probably only to be dumped back in at the end of the issue. Or wrecking up Atlantis.

Right now, he’s very, very average.

I think there could be an awesome story here though. If he’s indestructible and was just thrown into the middle of the ocean, he could have simply been walking back to shore for the past ten years. When he finally makes it back to dry land, he’s gonna be PISSED. I think that potential earns him a few more points on the Rex The Wonder Dog scale.