The Greener Grass Problem in Bitcoin

People may think Bitcoin needs to change in some way or another, because otherwise it will fail. I definitely don't think that's the only reason. We're terrible at pricing tail risk unless you're a Bitcoiner and you're just saying no to everything. It's catastrophic. But the way to fight tail risk is to be a left side of the curver where you just say, no, I'm not doing it. Not where you say I have this really detailed understanding and no, we shouldn't do it. That's again, my personal preference.

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