3 ms·
Profit trumps ideology even when you hold strong views. For example, in this experiment small payments for correct and "don't know" responses sharply diminishe
by monort 9y ago
Profit trumps ideology even when you hold strong views.
For example, in this experiment small payments for correct and "don't know" responses sharply diminished the gap between Democrats and Republicans in responses to "partisan" factual questions.
http://www.nber.org/papers/w19080 http://www.nber.org/papers/w19080
- Taek 9y agoChoosing to be on the minority chain is not less profitable than choosing to be on the majority. If you sell your majority coins, you will sell them for majority price. As a result, you will end up owning more minority coins than you had originally, though the US dollar value should be about the same. Profit comes from knowing how the markets will move before they do (and performing arbitrage), not from owning the asset that has the greatest market cap.