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The world is becoming and increasingly complex place and the amount of available information overwhelms the human mind. Instead of spending hundreds of hours re
by jyu 5y ago
The world is becoming and increasingly complex place and the amount of available information overwhelms the human mind. Instead of spending hundreds of hours researching a single topic, thinking through the points from different perspectives and context switching, it's easier to use mental models to take short cuts. The electricity excuse results from taking a few short cuts.
It's like saying in the 90's that electric cars will never catch on. The oil and gas companies will crush them before they even get started. Or an app that allows you to hail a car? Taxi companies are one of the most corrupt areas with the biggest lobbyists, you would have to be a total moron to try that. A cryptocurrency exchange in the US? Good luck keeping your bank accounts open.
Electricity consumption is a moot point. Bitcoin is here to stay.
Often times the best opportunities are when you have done your research and conclude the exact opposite of general consensus.