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BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Cryptocurrency - The Phase of Ignorance
You're incentivized that if you know there's going to be a thousand coupons, I'm now incentivized to go to the gatekeeper issuing them. You end up with a dilemma of impatience like irrational urgency. And then the other dilemma is lack of credibility because since they're just coupons and I had the experience maybe I got in the party first and yeah that's good. But if I got to the party third and I got rejected then I'm kind of angry about it. Now the next time someone offers me a coupon for something else, here's a coupon for a dozen oranges, I think well this one's probably also going to go to zero. So this thing is worthless
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