This long blog post essay is now archived as a pdf. You can download the full pdf here (19mb).
Thanks to volumes of constructive comments by the community, contents of this essay are currently in revision for a later publication. The linked document serves as a backup of the original version of the essay and contains some outdated concepts.
I left all the comments up below. You are welcome to continue the conversation and I hope I can give you the updated publication of this project soon.