Help me out.
How can someone be in the “blockchain” space for 12 years and not become a maxi 🧐
What keeps people still believing in “blockchain”? 💭
The fella in question is a good dude. I admire his journalist skills but when it comes to crypto he’s a web3 cheerleader and a blockchain advocate. I just don’t get it.
Surely you’ve seen enough after 10 years?? 🔥 🌌 🌞
Coz he's got the fiat bug.
Fiat gain incentives?
They haven’t been questioned hard enough to understand Bitcoin. If you understand Bitcoin there is no room for shitcoining. Only if you don’t understand do you hold other cryptos.
That’s what I thought too at first, but they always counter with “yes, but…” They are stuck thinking bitcoin is old tech, too slow, outdated, etc.
He’s dedicated to the idea of what that protocol would/could do for him.
Some people can’t handle the thought that a Bitcoin standard destroys fiat dreams of status and grandeur.
I’ve seen more than enough and I have not been around for 10 years. He must be a good dude, but he’s slow af. Sorry.
Journo and web3/blockchain cheerleader is probably an incentives thing. Is he incentivized to cheerlead that garbage? Being a maxi is a low time preference decision that a lot of people aren't willing to make yet.
The quote:
It is difficult to get a man to understand something, when his salary depends on his not understanding it.
Upton Sinclair
• Still in the fiat culture mindset
• Sees a new “gadget” or tech startup that has a strong network effect (in their eyes, just like decades of other platforms & networks they’ve seen succeed in SV)
• Doesn’t learn anything about money that changes how they think or makes them question their cultural values. Instead all the “use cases” of all this “great tech” actually reinforces that their cultural mindset is correct
• Exorbitant amounts of money to be made in very short time spans. Fiat VC space already taught them to project hop instead of invest, while tokens let them do this even more frivolously. They can jump from project to project without caring at all or seeing anything concrete ever come to fruition. They “invest” in an idea, pure hopeful fantasy, profit hugely from the hype of other people also loving that fantasy, then move to the next idea without ever doing anything of real value. It *strengthens* the fiat mindset, it doesn’t contradict it.
• Then after they make money, they hear “Bitcoin Maxis” tell them that what they are doing is immoral and that their values are horrible. Which causes resentment
• The longer they do it, the deeper they get, & the more painful it is to even consider that they may have taken a very bad, shallow, & meaningless path that’s caused actual harm to millions of people. The longer they stay, the more resentful they get & the more they hate and dismiss those who tell them the absolute last thing they want to hear: that just a couple of their fundamental premises are wrong, & it makes the “tech” they are SO excited about… basically useless, & it reveals their personal values to be rotten to the core.
Not exactly something I would want to face either after 12 years. 🤷🏻♂️
I’ve never seen it explained so well. Wow 🤯
I think about this quote a lot:
“All of humanity's problems stem from man's inability to sit quietly in a room alone.” ― Blaise Pascal
Something that I notice about people like this is that they are incredibly BUSY. Their schedules are 100% full, they have a hundred projects lined up that they want to look at next, and there’s no time dedicated to reflection about what they’re doing or why they’re doing it.
I still want to believe it's about at least one of three things:
1. Being surrounded by maxis which will bring you to understanding as opposed to being surrounded by immoral shitcoiners which steer you away from deep understanding.
2. Asking the right questions but for that you need to understand IT little bit. Like how does this project benefits from slow, ineffective, decentralized database aka blockchain.
3. Extremely high morals that guide you.
Exact situation with my friend. I don’t get it.
Probably fiat incentives. Is he working as a journalist in the crypto industry? If he restricts his activity to Bitcoin-only, a large number of potential customers will fall away
