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I'm watching the distressed investing panel, and I realize that my own biases prevent me from getting as much out of a discussion as I might otherwise. Every time one of these Wall Street guys uses the word "crypto" I automatically discard anything they say.

Yes.

People have a bias towards pessimism because they want to sound smart. Pessimists get attention. But optimists keep winning - worldwide hunger and extreme poverty is falling and falling. Literacy and access to plumbing&electricity keep rising and rising. At least as seen from decade to decade.

Old wallstreet wisdom: Pessimists sound smart, optimists make money instead.

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Day 65 of snailposting everyday 'til BTC hits $100k.

__@_'-'

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