While the title says bitcoin, I’m really using that as a catchall, and I intend to address cryptocurrencies and fungible tokens in general. I will not be looking at DAOs, smart contracts, or NFTs here.

I’m fully aware that in the literal sense all cryptocurrencies and fungible tokens are not the same, but the mental scaffolding that underpins the whole of that space very much IS the same, and that’s what I want to dig into.

Here goes. Continue reading…