COINBASE for Crypto has come

Clinamenic

θερμοδυναμικός καπιταλιστής
Seemingly endless supply of rogue and incompetent figures here, a deadly combo of characteristics.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Shitcoin investment is a veritable attractor of animated waste matter. Kidding, kidding.
 

wild greens

Well-known member

Clinamenic

θερμοδυναμικός καπιταλιστής
Really theres a piquantly foregrounded hypocrisy here, with much of crypto culture comprised of unscrupulous anti-government folk who nonetheless would demand investor protection.
 

148 I.Q. Magical Thinker

Bamber Clatscoigne
Really theres a piquantly foregrounded hypocrisy here, with much of crypto culture comprised of unscrupulous anti-government folk who nonetheless would demand investor protection.
Don't agree. Most are well aware of the risks, invest accordingly. There are always going to be idiots. The idiots will always be with us.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Even if most are well enough aware of the risks, such awareness may not suffice in actually impacting their investment strategy, i.e. succumbing to FOMO despite lack of rational approval.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
The awareness may be common enough, true. Even someone whose investments are solely informed by reddit threads, even reddit thread titles, has likely had plentiful exposure to such warnings. So in that sense I would agree with your statement, and would be inclined to revise my prior statement accordingly.
 

148 I.Q. Magical Thinker

Bamber Clatscoigne
Time preference is another factor informing decisions, and most people's is out of whack after a lifetime steeped in trash society.

Another hallmark if idiocy is inflexibility. I'm on record on here as being a bitcoin maximalist, but that has completely changed in light of new information and experiences. Many people get trapped, partisanized.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Time preference is another factor informing decisions, and most people's is out of whack after a lifetime steeped in trash society.

Another hallmark if idiocy is inflexibility. I'm on record on here as being a bitcoin maximalist, but that has completely changed in light of new information and experiences. Many people get trapped, partisanized.
Yeah I remember your post recently about changing your mind here, and admired the outrightness. I think it’s more wise to embrace shifts in opinion, but difficult to do so largely because such wisdom may not be appreciated by everyone.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Would you go as far as to call yourself a hodler? Or are you more inclined to trade?
 

IdleRich

IdleRich
Time preference is another factor informing decisions, and most people's is out of whack after a lifetime steeped in trash society.

Another hallmark if idiocy is inflexibility. I'm on record on here as being a bitcoin maximalist, but that has completely changed in light of new information and experiences. Many people get trapped, partisanized.

Someone resurrected an old thread and you were in it advising people not to eat too much bacon - and you did simply acknowledge that you had completely changed since then. Fair play.

I think this kind of flexibility is indeed a positive trait. I'm sure we've all seen that thing about how arguments - even if correct - are not nearly as effective as one expects in persuading people to change their stance - and that is normally discussed from the perspective of the person making the argument, what they should do instead and so on.

But I wanna know, why doesn't such a thing change someone's mind? And if i am a person who, when presented with a correct argument which makes my position untenable, still refuses to abandon it, then I think that makes me an idiot (when I read back I see we both used the same word here).

I think it was George W Bush of whom someone at that correspondents' dinner thing said "He's a man of conviction who believes on Wednesday the same things he believed on Monday - no matter what happened on Tuesday".

So, it may be true that most people do not reconsider when presented with arguments and facts which should make them do, but I don't want to be part of that "most people". I hope that I am someone who can be persuaded by argument and new developments and so on, and if I'm not then I should aim to become one.
 

IdleRich

IdleRich
Also with politicians, they are basically forbidden from making so-called U-turns which is crazy.
There is nothing wrong with making a u-turn if you are heading in the wrong direction - it's the original mistake which resulted in this wrong direction that is the problem, and this has already happened at the point when a u-turn is being discussed.

In general I am quite happy to see a u-turn from a politician as it means they are admitting a mistake and trying to rectify it (although they will probably lie and blame the mistake on someone else of pretend it's not a u-turm etc etc).
 

Leo

Well-known member
it's hard to admit being wrong, pride and ego gets in the way. some people deal with it by doubling down, digging in their heels. a newer alternative is gaslighting: Republicans like Lindsay Graham who suddenly made believe they always supported Dear Leader Trump after he won the primary -- only because that's the way the rest of party was heading -- even though six months earlier they were calling him entirely unqualified and a danger to the country.
 
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