Over the last 6 months, Paul Sztorc has compiled an impressive list of inconsistencies and significant losses from the Bitcoin maximalist camp. He referred to them as ”derangements” and we cover most of them in this brutally honest wakeup call.

Read Paul's article: https://www.truthcoin.info/blog/derangements/

Time stamps:

00:01:16 Introduction & Article Overview

00:02:41 Defining Derangements

00:05:31 Truth vs. Loyalty in Bitcoin Culture

00:09:55 Leadership Void & Bitcoin Core Stagnation

00:14:25 Consensus, Soft Forks, and Governance

00:17:46 Block Size Wars & Scaling Debates

00:19:11 Bitcoin Cash, Competition, and Signaling Theory

00:27:27 Bitcoin SV, Craig Wright, and Cultural Derangements

00:31:52 Lightning Network as a Sacred Cow

00:41:14 Treasury Companies & Michael Saylor

00:51:37 Layer Two Labs & Scaling Solutions

00:54:16 Drivechain, Quantum Resistance, and L2 Competition

01:07:24 Soft Forks, BIP Process, and Development Paralysis

01:11:41 Ordinals, NFTs, and Filtering Debates

01:22:36 Attacks on Developers & Community Toxicity

01:25:24 CTV, Jeremy Rubin, and Soft Fork Misunderstandings

01:41:24 Ethereum, Altcoins, and Market Competition

01:51:16 Mining, Miners’ Apathy, and Industry Scaling

02:03:09 Libbitcoin vs. Bitcoin Core

02:17:46 Final Rotation & Store of Value vs. Medium of Exchange

02:35:08 Non-Mined L2s, Rollups, and Miner Incentives

02:52:05 Purity Tests & Cancel Culture in Bitcoin

03:08:35 SegWit Discount & Taproot Critique

03:26:23 Address Formats, BIP47, and UX Derangements

03:36:50 Silent Payments, BIP47 & Privacy Features

03:55:05 Bitcoin Maximalism, Post-Maximalism, and Ideology

03:57:47 Game Theory, Politics, and Drivechain Criticism

04:00:14 Conclusion & Final Thoughts