Heuristic: Anyone who got to bitcoin before you did is smarter than you are. You may not like it but accept it.
COUNTERPOINT: PEDRO MCCUCK WAS INTO BEFORE MOST NOSTRICHES
I give homestead tours to hundreds of people a year. Almost all of them have heard of Bitcoin and vaguely know what it is. But only a small fraction have some, and only a fraction of those people who have some can confidently send a transaction. It's shocking to me most people just disregard Bitcoin and those who appreciate it still don't participate.
Maybe less risk adverse, but dunno about smarter 😉
Sifting through the bullshit when you first get interested in Bitcoin is pretty difficult, especially pre-2020. Being "smart" has nothing to do with it. Understanding why you as an individual need it is the key component and that doesn't take smarts, it takes focus and humility.
Make that more open minded. Lots of “academically” smart people i comp sci dismissed bitcoin because they live in a 1st world cushy bubble. When you get blacklisted and bank accounts shutdown you wake up really fast. Bitcoin can be the only means of survival.
Here me and the brain trust buying all the way down to $15k. https://image.nostr.build/212c6309b93f502e621b2a14fea0f7ef94c85a47f3162a5d1d39fa5574ffb9c4.gif
You calling newer plebs dumb? Stay humble dude
That's maybe what the ego people tell themselves and that's why they have such a big problem to look into Bitcoin again more deeply after the initial dismissal. But it's a keynesian/communist/technocratic bias - thinking that smart people do smart things and dumb people do dumb things. The real world is not so deterministic. The underdogs always have the fighting chance. And that's what's so beautiful about it. You can never guarantee a win to anyone. But you can guarantee a loss to the guy who chooses to never play.
I admire more the people who bet more relatively
I’m pretty retarded and I’m almost certain I got into Bitcoin before 99.99% of Bitcoin holders. Not looking good for Bitcoiners IQ
I consider you pretty smart
Only bc I got in before you. Wait did we just prove your thesis
The thesis is strong
Don't be nice to him...
lol I actually like magoo
Anyone who sold before I did became dumber. They may not like it but accept it.
Depends on why they sold. I sold a sizeable stack in 2022l1 at 46k to buy my family property (25 acres). Now we're building a life together across 3 generations. Tell me if that's smart or dumb.
Sounds amazing
Just surround yourself with people who got in earlier
Exactly
If you have to go to Twitter to find those "smart" people, think twice. They probably aren't interested in the freedom part of bitcoin. Which makes you wonder how mart they really are.
Even if they shitcoin and trade still?
No
"Smart" people make "dumb" decisions and "dumb" people make "smart" decisions all the time, but the "smarter" ones tend to be better equipped to deal with the consequences and more likely to choose differently in the future, when presented with a similar choice.
Menger and Hayek disagree. Information is not uniformly distributed - you can’t get into Bitcoin if you don’t know of it.
I first saw the word in 2013. I stupid
This is true
And have held this entire time is amazing. Bitstein probably has to #1 He is maybe 30 and has been in bitcoin for 12 years! People studying Austrian economics as “kids” is the most impressive thing to me. I was getting high and playing GTA San Andreas. Cost me a couple shekels.
And the ones who convert their bitcoin into Monero now because bitcoin is being hijacked by the system and will not give us freedom are even smarter. True, there is a correlation between former and the latter group. Most will understand that only when they have to connect their digital id to their utxo's and custodial wallets.
For real I had this thought while driving the other day, dudes that got Bitcoin before me, 2016, how did you figure it out so quickly???
Or they were just born before you, smh.
Cool story rich nerd
This one ain’t gonna do it lol
It kinda did though... I figured being called a " rich nerd " may illicit a condescending reply. Your reply was pretty mild, I'd hoped for a stronger insult. 😉 While I'm sure this interaction didn't do it, I imagine you have been offended before in your life. Or at the least have felt the feelings many would describe as being offended or upset, prior to reacting in a less than stoic manner. I'll be the first to admit I have. Generally I don't call it offended, I say someone pissed me off, semantics. Saw your other post and curiosity got the best of me.
In my mind being pissed off is distinct from being offended.
I agree they could be distinct in cognitive interpretation, and respect that for you they clearly are. But I bet both being offended and being pissed off, elevate our blood pressure and cause acute physical reactions in us that are almost identical, regardless of which one produced the response. But fuck it, you wouldn't know. 😉
Well, at least I’m still smarter than anyone who got to bitcoin after me, so I got that going for me 🤷♂️
Checks out. I had to lookup "heuristic".
What if you got in earlier than most but got rekt on shitcoins prior to becoming a maxi?
people that got to it early were either the wizard programrs and deep thinkers or the dark market drug purchasers sadly both are probably smarter than me, now I just quietly stack what I can and tend to my small Michael Saylor love shine
Heeheee. Anyone who found Jesus before you is more saved than you are. Anyone who integrated clean eating and exercise into their life before you is healthier than you are. Anyone who took the Covid vax before you trusts the science more (or less depending on your perspective) than you. Pithy statements are boring and uninsightful. Not trying to be a dick, but life is much more complex than 13 words. Any I bought btc quite early, so I know my logic is solid here :)