Me:
We should be building "Galt's Gulches" all over the world and only taking in people who have realised how things really work in the world. I have given up the good fight. It is altruism to fight for a better world sacrificing the time, money and effort you can spend on being a sociopath exploiting the slaves. Since I am not inherently evil that would be a bad career choice. If I stick to my nature and create something of value, it gets stolen from me by socialism.
"It is difficult to free fools from the chains they revere." - Voltaire
No point fighting the nature of things. The parasite has to do what it must. If I leave, it will follow me to where I migrate. Just look at global patterns today. Is there no hope? Why don't people use Bitcoin more often? Why do they just see the dollar value and think of it as an investment. Every investment in Bitcoin should be seen as an act of war.
👍
Jakic:
I understand. But I find satisfaction in creating more libertarians. Handing people enough of the right information to make up their own minds.
Me:
Many of my friends and relatives who know about my Bitcoin foray think of me as either a brilliant genius investor OR as a crazy stupid guy who got lucky ... truth is that for me it was an act of war
Jakic:
I understand that. I have the same feeling. Just haven't had time to wrap my head around the tech.
Sort of free riding on whatever most interesting and most important info I get through all of you guys.
Me:
I have not wrapped my head around the tech either. I think your problem is your high Technology competence and the feeling that it is not legit until you figure it out. See I am also a software developer (or was) but not as good as you, a failed entrepreneur many times, not as intellectual as some of the hard core libertarian economists , not an expert on monetary theory or even mass human psychologies (like Mises' Praxeology or Soros reflexivity) ... but being incompetent in many fields gave me just enough knowledge and the right amount of ignorance to go full house on Bitcoin 🙂
Me:
Actually your hesitancy comes from several good points ... Warren Buffett never invests in something he doesn't understand.
And ideally you should seek to understand things on your own
BUT .........................
There is such a thing as 'bounded rationality' and the Dunning Kruger effect and you are constrained by both.
Me:
Bounded rationality is the idea that when individuals make decisions, their rationality is limited by the tractability of the decision problem, the cognitive limitations of their minds, and the time available to make the decision. Decision-makers in this view act as satisficers, seeking a satisfactory solution rather than an optimal one.
Me:
In short we have to outsource some of our understanding to others less reliable as ourselves because we have no choice ...
Dunning-Kruger Effect: Why People Think They're Smart Even When They're Not
Dunning-Kruger Effect stated that less competent people are more confident. To guard ourselves against this mental bias, we need to embrace the unknown and never stop learning.
Me:
I find it hardest to convince Libertarians about Bitcoin ... as their minds are held prisoner by the Labyrinth in which they have mastered their competence in their eternal battle to kill the Minotaur. They are so familiar with the Labyrinth that they are incompetent living outside it. They can't even think of destroying it as their knowledge and skills acquired will have no purpose if they escape by punching a hole through the walls and then sealing it behind them to prevent the beast (Minotaur / Govt) from escaping. The problem is worse among those who live of funding that once the beast is dead they have nothing left to live for. Not just no more purpose in their lives but no more assured income either.
In Greek mythology, the Labyrinth was an elaborate, confusing structure designed and built by the legendary artificer Daedalus for King Minos of Crete at Knossos. Its function was to hold the Minotaur, the monster eventually killed by the hero Theseus.
Me:
So we have a sort of laffer curve between yin and yang, good and evil, libertarians and govt ...
Sorry about the above verbal diarrhoea 🙂 ... went on an inspired burst of brain activity
Jakic:
This all makes good sense to me
thank goodness 😀
And agree about outsourcing.
People who try doing everything themselves don't make good businessmen.
Just do the part you do best, leave other things to professionals that do it better
👍
Jakic:
I mean the hazard of going it cheap
😍
Jakic:
Most often backfires and makes you sick from working day and night fixing unimportant things while ignoring the important ones
👍
Me:
My contrarian advice is to
1- do only things you 'think' have the highest ikigai score for you,
2-give it your best at everything you do
3-give up when you are bored, too tired, realise you are incompetent , or have reached a plateau of progress,
4-move on to other things ....
step 3 is the most important
