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31 sats \ 3 replies \ @ek 7 Dec \ on: On a silly piece I just saw on Forbes bitcoin
I wonder why so many people don’t consider the possibility that they might be wrong about something and hedge their bets.
In the case of Bitcoin, being against it but still buying some 'in case it catches on' seems like the safer bet. So even if you don’t understand bitcoin, it still makes sense to buy some.
But this might also lead to a circular argument.
Easier to go with the status quo. Cognitive dissonance + OPP cost of learning/doing hard things.
The pain of being "wrong" by abstaining is less than the pain of trying to figure out something new.
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Name a cryptocurrency, any of the 10,000, and then apply this argument.
You can do a version of pascals wager to every God or to one God, or you can not do it at all
I guess you could call it arrogance! They are so convinced of their rightness that they can see nothing else. This is a trap if you need to be flexible at times. I don’t think these people have ever been involved in dealing in or with commodities: sometimes you have to hedge your bets because the future is unknown.
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