.nntaleb explains why “the inexperienced” always feel Utopian when entering crypto. Bitcoin
This time he touched on the topic of inexperienced investors entering crypto with high expectations and why it continues despite manifold “opportunities” to lose money on scams, volatility, etc.Taleb tweeted that “the inexperienced tend to be Utopian” with cryptocurrencies and “other techbeciles”. According to the scholar, it is a question of perception.
As one lives through events one does not register negative factors but only see thing positively and subjectively.However, when one looks back, one sees everything from the perspective of “survivorship bias”.When you consider the past, you get stuff marred w/the survivorship bias. When you live events you register all the mess & the crap that doesn't make it.
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