5 ms·
I think it's both sides, but asymmetrically: I'm not being paid to not (re-)invest into crypto, and while I might make less than the true believers, there's an
by igorkraw 5y ago
I think it's both sides, but asymmetrically: I'm not being paid to not (re-)invest into crypto, and while I might make less than the true believers, there's an incentive to not be idologically skeptical (unlike some narratives, nothing stops banks, notaries, paypal etc. from simply absorbing crypto instead of being replaced by it, cryptocurency coding isn't fundamentally more difficult than other payment and distributed systems).
But if you are invested into crypto, you have a double incentive for delusion: you need to convince yourself and others that it will grow so it can grow and for the price not too collapse.All while having to deal with the temptation to cash out.
If real value is created, this problem doesn't exist as much. And of course, I might be biased and this might be a just so story, but I buy it.