Well written… especially from… 'brilliant trade-off' and onward. You address all points I feel we should view Bitcoin from. Social scalability vs. computational scalability is quite interesting to think about.
I like to view Bitcoin with the long-term in mind, and then it makes sense.
Irrational actors who make quick shoot-from-the-hip decisions pose not so much a risk to the network, but a risk to themselves and anyone who is ignorant to follow them.