So much to talk about and so little time.
Let's start this off with a bang:
Correct!
I've powered up another 1900 Steem. Only cost me $300. The price is so low and the market seems like it's turning around. I'm actually calling up people and asking them for the first time to get in after being here for 2 years. More on this some other time.
AltSeason Bitches.
So funny how Bitcoin stays flat and alts see the tiniest bit of love and everyone loses their shit. Personally I'm hoping the market stays flat or even dips during October. Need more time to consolidate. If not... whatever... I can't control the market. I do have pretty high hopes for a bull run this winter though.
Main topic
This is a link to an article I read today. It makes the claim that the most ignorant people are the most bullish on blockchain. Upon reviewing the content of said contentious title, there is a lot to unpack here.
First of all, each of the 1000 people surveyed were only asked the most basic-bitch crypto questions ever.
Of the 13% in Europe who could correctly identify one of the five statements as either true or false, and therefore were labelled as having low knowledge, most either had a high (43%) or medium (37%) attitude towards the future of cryptocurrencies. This was almost identical for those who could correctly identify two or three out of the five statements, demonstrating medium knowledge.
Wait, so you asked five questions? How many of them were true/false? You know there's a 50% chance of getting those ones... right? lol.
While 74 percent answered correctly that cryptocurrencies are a form of digital money, roughly the same amount (73 percent) said cryptos are run by a centralized body, or didn’t know. A small majority were, however, correct when answering questions on volatility and in-store acceptance.
So one of the questions was if cryptocurrency was digital money? Lol... jesus christ. And these are the questions you use to determine whether someone knows about crypto or not... just embarrassing.
When you really dig deep and look at the details of these studies, we see that they are absolutely full of holes and often make zero sense whatsoever. The results are often skewed before the study even starts to 'prove' some pre-determined outcome.
I think the best thing about a poll like this is that pretty much everyone on Steem would have answered the questions 5 out of 5, and still they would have barely scratched the surface of what crypto is. It's very clear that the vast majority of people on the planet just have absolutely no idea what's going on with DLT. The fact that you would even have to ask if crypto is digital money and people still get it wrong 25% of the time says a lot.
The Real Bulls
It's funny because the real experts on crypto are all extremely bullish. You'd have to be in order to justify spending that much time learning about this tech. Personally I believe that without DLT humanity would be doomed and 99.9% of life on the planet would cease to exist. Of course there's still a chance of this happening but I feel like blockchain gives us a fighting chance to dismantle these incredibly destructive power structures that are systematically destroying the world for profit.
The system is not doomed but you can accumulate wealth with any type of assets.
Posted using Partiko Android
The System just got started! Wait until VOICE for DPOS to fully blossom. We should all just have real jobs, and be smart with our spending so no matter what happens with crypto, we will be fine.
Also there will be a SPS proposal coming up to sunset steemit.com and redirect all traffic to @steempeak so steemit inc can save half a million dollars on amazon hosting and will then be able to stop dumping so much steem every month.
Steemit Inc Operating cost is over $600K a month in Amazon Server bills, and only $7k a month in rent :) Imagine if steemit.com stopped having to pay that hosting and let steempeak and busy.org do the heavy lifting. Its time.
Where do you get those numbers? Their AWS bills were around 220K at peak and now are below 40k a month with a target of getting below 20k/month.
I think altseason is likely very close as well. The price action the last two days has been different than what we have seen much of the past year.
Hmmm, i bet most of the interviewers and the question makers don't understand cryptos.... and so, ask a bad question, get bad responses.
Write a paper.
Get praised by the Goldman Sacks Gang
Yeah I unfortunately realized that most ‘studies’ were bogus back in college. I had two professors that were excellent and showed us what real studies looked like and those studies were never media pieces like this crap.
There’s crazy criteria like this and it’s passed off as legitimate. Any real statistician/surveyor knows that that’s utter trash! How can you put 5 loaded questions into a group and call it a decent study?
Price action in the coming weeks will be interesting to see. I’m positioned well for a bull run but question is will it happen?