This Internet Thing will Never Work Out
The first reason people get the future so wrong is because they dedicate about five minutes to looking at something before they form an opinion on it.
That isn’t thinking.
That’s the primordial lizard brain running a mental heuristic that’s absolutely incapable of understanding anything new and novel. It’s only good at attack, defense, finding food and shelter and avoiding boredom. It’s a survival machine.
Unfortunately, many people live almost their entire lives at this level and their opinions are worth zero when it comes to seeing new trends and developments.
The second major reason people get the future so wrong is it goes against everything they understand about the world. Think about a company like Kodak who simply refused to see the power of digital film because they’d built up a business over a hundred years on the back of chemical film. They had every advantage and they blew it. They mistook the past for the future and they paid a heavy price by going bankrupt as the market roared past them. To see the future you have to be able to step outside of yourself, forget your past successes and see beyond your current understanding.
A third major reason people fail to see the future is because it challenges their position of power. That’s why oligarch banker, Jamie Dimon, and a prince from a country that just allowed women to drive last month, all see Bitcoin and cryptocurrencies as a “fraud” or a “scam”.
They literally can’t see clearly because they’re the main beneficiaries of the current system. They don’t want to see. So they engage in a kind of information warfare, even if it’s unconscious. It’s nothing but a mental defense mechanism. The rise of new ways of running the world means their position is under fire and they’re terrified.
Asking these people about Bitcoin is like asking a taxi driver what he thinks about Uber or a horse and buggy manufacturer what he thinks about cars. Their opinions are worth less than nothing.
So the Internet Thing will ever Work Out !!! Leave your comments !!
This post has been ranked within the top 80 most undervalued posts in the first half of Nov 03. We estimate that this post is undervalued by $5.64 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 03 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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