Quote from: cryptovore on August 05, 2017, 11:19:43 AM

Everything is subjective. Or, as Buddhism postulates, everything is dependent arising. It is based on something else, which is derived from something else, which is derived from something else and so on...

In this context, the "hodl" phenomenon is based on previous experiences with similar contexts. People won't sell their coins because, previously, there has been consistent reporting of economical appreciation of similar tokens, given you "hodl" to them enough time.

There's no intrinsic value of Bitcoin or Slimcoin, it's all arising within our own context.

And that's exactly why, as a cognitive psychologist, I'm interested in understanding the cognitive processes that mediate this internal mental construction of value.

My stamping ground is the one described by Becker: concepts generally useful in describing the behavior of animals and machines hierarchical organization of processes, branch points, information, spheres of influence, goals, resource conflicts, condition conflicts, temporal organization, executive bookkeeping, executive decision-making, and statistical information.

I'm from the other side of the tracks, mathematically speaking. Somewhat like a literary critic on poetry, has some understanding of the rationale for different approaches and, on that limited basis, critique them but can't actually create verse of their own to the required standard. It gives me enough height to see over the fence into economics and draw my own conclusions about a numerical discipline that has recently adopted behaviourist descriptive techniques that were discarded by psychology in the '60s as being too simplistic to be useful. I guess economics is in even more conceptual disarray than is psychology. But that's what you'd expect from what Joe says.

If I have read the runes correctly, there is a limited opportunity to establish a bit of level ground that might escape the full consequences of a collapsing hierarchy. As far as I can work out, tracking back through history to sources I was aware of at the time, a lot of what doesn't seem to make any sense atm is the (predictably) disruptive impact of technology on the human-mediated social structures that enable us as a species to function and this, in turn, has allowed a situation to develop that is now stressing the fundamental limitations of human cognitive ability.

On a lighter note, I've nevertheless found some grounding in just keeping an eye on the numbers ...

WTS:
30m PNut
17m Fuguecoin
20m Roulettecoin
~~21k Chaincoin~~

(Hence my recent interest in a Raspberry Pi and in exchanging my 5 year-old Asus i3 1.4GHz for something a little more capable, perhaps an XPS 15, the one with with 4K display, then I can run VMs in HD resolution.)

So I'm a hodler too. Just waitin' for the PNut pump, could be any day now.

Cheers

Graham