This is post 3 of a 3-part series, revisiting what appealed most to me about crypto circa 2021. Trying to un-jumble some thoughts circling around my head
Three stylized facts:
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the social contract has failed young people (i.e., can't step onto the housing ladder). The only rational way out is to take long shots and lottery tickets
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look around, ya moralistic stick in the mud! "Be Dumber" is winning
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everyone else is doing it. It's stupid not to participate
Here^1 is a superbly written, full-throated rejection of "Be Dumber": because it's maladaptive, an overfit, and a cop-out. It mistakes the mask for the face.
However, I don't find this rejection to be completely convincing, yet.
We even see aspects of all-or-nothing, in every major sport:
Analytics proves: three's and layups are better than long two's. Post play and long two's are only for euro passing big men and a handful of middie gods.
Chicks dig the long ball.
Nobody wins with a dominant running game; you must score 27+ in...
