Derangements of Bitcoin

Intro Bitcoin is having trouble correcting some of its mistakes. I call these “derangements” – the scar tissue that won’t heal properly. Scar tissue is key to answering the all-important question: will Bitcoin win? Or lose? If scar tissue is low, then Bitcoin will win. It can coast its way (to victory), on network-effects alone. On the other hand, if scar tissue is high , then Bitcoin is probably…