“ • Still in the fiat culture mindset • Sees a new “gadget” or tech startup that has a strong network effect (in their eyes, just like decades of other platforms & networks they’ve seen succeed in SV) • Doesn’t learn anything about money that changes how they think or makes them question their cultural values. Instead all the “use cases” of all this “great tech” actually reinforces that their cultural mindset is correct • Exorbitant amounts of money to be made in very short time spans. Fiat VC space already taught them to project hop instead of invest, while tokens let them do this even more frivolously. They can jump from project to project without caring at all or seeing anything concrete ever come to fruition. They “invest” in an idea, pure hopeful fantasy, profit hugely from the hype of other people also loving that fantasy, then move to the next idea without ever doing anything of real value. It strengthens the fiat mindset, it doesn’t contradict it. • Then after they make money, they hear “Bitcoin Maxis” tell them that what they are doing is immoral and that their values are horrible. Which causes resentment • The longer they do it, the deeper they get, & the more painful it is to even consider that they may have taken a very bad, shallow, & meaningless path that’s caused actual harm to millions of people. The longer they stay, the more resentful they get & the more they hate and dismiss those who tell them the absolute last thing they want to hear: that just a couple of their fundamental premises are wrong, & it makes the “tech” they are SO excited about… basically useless, & it reveals their personal values to be rotten to the core.

Not exactly something I would want to face either after 12 years. 🤷🏻‍♂️”

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