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8 sats \ 3 replies \ @9ener1c 14 Apr 2023 \ parent \ on: Fractional reserve banking in Bitcoin bitcoin
LOL. That's awesome. Good on that guy for both getting it, and admitting that he figured it out in public.
Yes, I agree.
However, it's hard to grasp where these people get all their confidence from
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Duning Kruger Effect, something we all suffer from at some point. It's when you know enough about a subject to reach false conclusions you're confident about with reasonable arguments, but you don't know enough to understand why those arguments break down.
Most people's objections to Bitcoin are because of this. I actually dismissed Bitcoin as worthless back in 2018 bc I knew enough to argue against it but not enough to truly understand. Solution is just education and respectful discussion.
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Oh, right. Totally forgot about that effect, haha
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