In this video, I discuss how one should approach crazy new ideas, using Bitcoin as an example. Here’s the best way to approach a crazy new idea: 1) List the reasons that it could work, rather than the reasons that it won’t work 2) Does this new idea benefit from network effects? 3) Does everybody already agree that it is going to work? 4) Are there still lots of people making fun of the idea? Most people are still dismissive or bearish on Bitcoin, and are unaware of the amazing fundamentals that are emerging. We are still in the very early stages of a huge Bitcoin run. Not investment advice! Consult a financial advisor. Paul Graham: https://en.wikipedia.org/wiki/Paul_Graham_(programmer) Great Paul Graham essays:
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