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My impression with crypto is that once money is in token form, there's an expectation that it can just vanish into thin air. Like it can just evaporate. There
by louthy 4y ago
My impression with crypto is that once money is in token form, there's an expectation that it can just vanish into thin air. Like it can just evaporate. There seems to be a cognitive breakdown that forgets money doesn't get created or destroyed, it is moved from one party to another.
My sense is that this cognitive bias is playing out here. "Obviously your money could just disappear, it's crypto, that's what happens. Why look into this?".
Once the brain is trained to know this is how it is, it stops asking why it's happening. That's just what happens.