8.11 Our two weapons are fear and surprise...and ruthless efficiency

Published: June 27, 2021, 1:42 p.m.

This podcast considers how not to argue with Bitcoin evangelists as they clutch onto a self-evident truth of the value of the currency.  From an axiomatic foundation, we expand the intellectual framework the puts rules around how we model surprise events so that they become explainable and thus no longer a surprise.  This behavioural pattern is notable in mania but can be seen in most elements of human interaction.  The problem is when there is so much invested interest in keeping the stable status quo, we are exposed to an unexplainable surprise.  like financial bubbles, delusional bubbles can also burst with similar consequences.


(Title is ode to Monte Python and the Spanish Inquisition skit)

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