People don't understand how much of economics is irrational.
Discussion
Like, I didn't buy any Bitcoin until it I heard that you could "stack sats".
Sats look so cheap, y'all! Just stack a couple, in case it catches on, KWIM? Low risk. Try it out.
And I was sort of stingy in the amount I bought, so long as I was in "hodl mode". Bitcoin was something I bought for later. Someday. Whenever.
Straight to cold storage. Might as well dig a hole and store it under a tree in my yard, with X marking the spot.
But now it's like "need some zapping money".
Oh, okay, that's spending money. I can move things around in my spending money budget and do some zapping for good Nostr writing, instead of buying a magazine.
Net-zero spending. No biggy.
And here's the game-changer:
I went to buy Bitcoin for my zap-wallet and doubled my cold-stack DCA, while I was in there.
Cuz it suddenly didn't seem as crazy to lock so much of this money up in a vault. I'm shifting things around in my budget, already, just fiddle with this and cancel that...
Economics is irrational people.
Yes, they confuse the fact that people are reasonable (they always have some reason for doing or not-doing something), with the idea that people are completely rational (their reasons always make obvious, objective sense).
Yeap.. like saying coulds always have animal shapes, instead of saying we very often attribute to clouds shapes some animal form.
Could it be humans do need to try to give rationality to reality, without being able yet to grasp even a bit of it, since we are just learning that we ourselves influence it while looking at it, or not.
Uhmm.. not sure now what I said makes sense in English hownit does in my mind.. will have another coffee 😅
Yeah, like I learned to control spending with strict envelope budgeting with cash bills and I therefore need to transfer that pattern to Bitcoin.
It has nothing to do with Bitcoin, itself. It has to do with the way I manage our household finances, by thinking in envelopes.
I get the feeling that mostly (popular) economists don't understand economics.
That requires stopping to rationalize, I can't find anyone who's even willing to listen to an argument let alone form one of their own.