The Death of "Appeal to Authority" in Crypto πŸ”
Living through COVID with your eyes open taught us one critical lesson: what those in positions of authority tell us can be vastly different from ground truth. πŸ‘€
This applies directly to how we evaluate crypto projects today.
The Partnership Illusion 🀝❌
You've seen it countless times: "We're partnered with [Major Bank/Google/Big Tech Company]!" πŸŽ‰
But what does that actually mean? πŸ€”
  • Often it's just using their cloud servers ☁️
  • Sometimes it's literally just using Google for email πŸ“§
  • Rarely is it a meaningful strategic relationship
That's not a partnership - that's a vendor relationship. πŸ’Έ
Credentials β‰  Truth πŸŽ“βŒ
We need to throw out the old playbook:
  • Someone worked at the Fed? Doesn't mean they're honest 🏦
  • Harvard degree? Doesn't guarantee they know what they're talking about πŸ“œ
  • Banking executive backing a project? Not automatically legitimate πŸ’Ό
The appeal to authority and clout-chasing has no place in proper crypto analysis. 🚫
How to Find Objective Truth 🎯
We live in the information age. If you want real answers, you CAN find them - but you need to:
βœ… Be smart, curious, and open-minded 🧠
βœ… Do your own research πŸ“š
βœ… Read deeply, not just headlines πŸ“°
βœ… Actively seek out contrary opinions πŸ”„
Combat Confirmation Bias βš”οΈ
The tribalism in crypto is real. People get invested (emotionally and financially) and then only consume content that reinforces their existing beliefs. πŸ”΄πŸ”΅
Here's a powerful strategy: Actively seek out people who criticize your investments, then research their arguments. πŸ•΅οΈ
Practice both:
  • Steel manning πŸ›‘οΈ - Build the strongest possible case FOR something (even if you're skeptical)
  • Straw manning πŸ₯Š - Build the strongest possible case AGAINST something (even if you believe in it)
Take Bitcoin as it rips higher right now. πŸ“ˆ Can you argue both sides effectively? If not, you don't understand your investment well enough. πŸ’­
Bottom line: In crypto, your critical thinking is your most valuable asset. πŸ’Ž
Question everything, verify independently, and never outsource your judgment to credentials or partnerships alone. 🧭
3:11
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David Zimmerman
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The Death of "Appeal to Authority" in Crypto πŸ”
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