Bitcoin, Group Biases And Illusion Of (The) Authority

Bitcoin, Group Biases And Illusion Of (The) Authority

A look at biases and the illusion of the authority of CEOs, presidents and other high profile figures. When the Highest Paid Person Opinion (HIPPO) is never questioned — ignorelimits.com As discussed in the previous article on biases, we can understand some of the misconceptions around Bitcoin by looking at different cognitive biases and their effect on people’s understanding of bitcoin the asset and Bitcoin the network. “A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. Individuals create their own “subjective reality” from their perception of....


Related News

Bitcoin And Biases: Agnotology, The Making And Unmaking Of Ignorance

Bitcoin is often subject to misinformation and misrepresentation which in turn creates misconceptions and biases against bitcoin.

Bitcoin Price Hits Highs, Corrects: Now What?

Yesterday afternoon, shortly before the European session closed out for the day in the more traditional asset markets, we published this piece outlining the likely action in the bitcoin price over the following 12 hours. Those 12 hours have now passed, and Thursday morning action is offering up two potentially conflicting biases. Close monitoring of the bitcoin price over the European morning session should serve to validate one of these biases, and could offer us an opportunity to draw a profit on a small scale, intraday level after lunch. So, with this said, what should we be looking for....

Respectonomy Set to Redefine Content Sharing 

Respectonomy is different from other social networks platforms as it doesn’t just provide the illusion of censorship but actually rules out any sort of moderation or censorship. Respectonomy defines itself as a decentralized, self-moderated social network system that gives the user the freedom to share their thoughts without the fear of censorship while rewarding them for it. Respectonomy is different from other social networks platforms as it doesn’t just provide the illusion of censorship but actually rules out any sort of moderation or censorship. It is the economy of bloggers, book....

Bitcoin And Biases: Fund Managers Eating Crow And Welcoming Horses In 2021

The collective perspective on bitcoin has shifted, with many once naysayers flipping their opinions this year.

Bitcoin’s Utility Is Easy To See When Traveling Around The World

When visiting emerging markets, it’s easy to observe bitcoin being used by locals. Sometimes it takes getting outside our comfort zone to shed our biases.