Projecting one's own motives and beliefs/understanding onto the great unwashed is I think the most common delusion among (otherwise?) intelligent people. In this echo chamber, BTC is best because technical analytical blah blah, where clearly the world at large cares not at all. It is the $$ and adoption of these uninformed and unintelligent masses that is required to make 'progress'. Catering to them may be a sell out, but it is undeniably effective.
This. Some days I sit in disbelief at the ignorance of what can be refered to as "the masses". The intelligent to stupid ratio seems tipped in an unfavorable direction.
It often seems as if everything in day to day living is based on the simple task of manipulation. I say "simple" because it often seems way too easy to sway the opinion of "the average person" or make them think they need something that may be completely worthless.
Ty Warner built a net worth of $2.5 billion by selling animals stuffed with fucking beads. Hell... the guy who sold Snuggies even made a cool $200 million. No one needs a beanie baby or a snuggie but, they were manipulated into believing there was a need for them.
Crypto is overrun with everyone and thier cousin making alt coins and promoting them. Shit... the other day I saw a coin called "DeezNuts"
https://deeznuts.in. I wonder often if as we approach mass adoption that marketing and advertising will push an undeserving coin with poor tech ahead of Bitcoin as "the masses" gobble it up. Sure the tech behind it might be shit but, that's not always the most important thing to "the masses".
Or maybe I'm just paranoid.
I agree. I remember a time when the pre-qualification for a company going IPO was that they were just starting to turn a profit. Nowadays we have public companies like Tesla, Twitter, Snap, and Netflix that burn through billions of dollars every quarter or year, and make waaaayy less net profit than they spend. And yet their owners are millionaires and the stock is flying higher and higher.