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. π
This applies directly to how we evaluate crypto projects today.
The Partnership Illusion π€β
You've seen it countless times: "We're partnered with [Major Bank/Google/Big Tech Company]!" π
But what does that actually mean? π€
- Often it's just using their cloud servers βοΈ
- Sometimes it's literally just using Google for email π§
- Rarely is it a meaningful strategic relationship
That's not a partnership - that's a vendor relationship. πΈ
Credentials β Truth πβ
We need to throw out the old playbook:
- Someone worked at the Fed? Doesn't mean they're honest π¦
- Harvard degree? Doesn't guarantee they know what they're talking about π
- Banking executive backing a project? Not automatically legitimate πΌ
The appeal to authority and clout-chasing has no place in proper crypto analysis. π«
How to Find Objective Truth π―
We live in the information age. If you want real answers, you CAN find them - but you need to:
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Be smart, curious, and open-minded π§
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Do your own research π
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Read deeply, not just headlines π°
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Actively seek out contrary opinions π
Combat Confirmation Bias βοΈ
The tribalism in crypto is real. People get invested (emotionally and financially) and then only consume content that reinforces their existing beliefs. π΄π΅
Here's a powerful strategy: Actively seek out people who criticize your investments, then research their arguments. π΅οΈ
Practice both:
- Steel manning π‘οΈ - Build the strongest possible case FOR something (even if you're skeptical)
- Straw manning π₯ - Build the strongest possible case AGAINST something (even if you believe in it)
Take Bitcoin as it rips higher right now. π Can you argue both sides effectively? If not, you don't understand your investment well enough. π
Bottom line: In crypto, your critical thinking is your most valuable asset. π
Question everything, verify independently, and never outsource your judgment to credentials or partnerships alone. π§