Overcome bias with a bit of crows
“Eating a crow” is a “colloquial idiom” used in some English-speaking countries, humiliating by admitting that it proved wrong after taking a strong position. Means. Crows are carrion eaters and are probably reluctant to eat, just as they are emotionally difficult to swallow when proven wrong. “
In 2021, many prominent people, businesses and institutions completely reversed the position of opposition to Bitcoin to becoming a supporter of Bitcoin on a small or large level. Elon Musk has done this multiple times.
It is difficult to change a deep-rooted opinion. This is especially true if you are delved into cognitive biases such as authority and group biases and negative associations described in the previous “Bitcoin and Bias” article.
It is unlikely that in the last 13 years, non-Bitcoin assets have been highly abused, ridiculed, worthless or soon died. There is also a Twitter handle called @DidBitcoinDie.
In 2021, many large institutions such as Bank of America, Citibank, Goldman Sachs and JP Morgan changed their stance on Bitcoin. Companies such as Visa and PayPal have changed that. Other companies and institutions that are neutral or already slightly involved continue to enhance Bitcoin games.
But since I need to eat crows, it’s the individuals in these organizations that I think I should speak to.
That said, crows are much easier to eat when you’re doing it and making a lot of money.
Beyond the potential for making money, there are some barriers to changing our minds.
Your mind-changing shots and backfire bias
One of the reasons why it is difficult to change your mind is due to the well-known confirmation bias. Confirmation bias affects itself and is enhanced by the echo chamber of choice.
When people learn more and Google takes pictures to get information, they often stop by to make sure they already believe. Google also facilitates this confirmation bias through search algorithms. Search algorithms often send results that confirm the opinions they already have.
If you find conflicting information online, it’s easy to ignore it.
The backfire effect is a kind of confirmation bias, “a reaction to denying evidence by strengthening previous beliefs.”
To move beyond your own confirmation bias, you really need to dig deeper, do your own research, and get out of your intellectual comfort zone.
Misunderstanding and malicious malice
Functional fixation is a “cognitive bias that limits a person’s use of objects only in traditional ways.”
Those who changed their minds about Bitcoin were those who had many years of empirical knowledge of the current monetary system, making it very difficult to overlook the historical semantics of money and the new technology of Bitcoin. Article “Wittgenstein’s Money”.
Kevin O’Leary said in 2019 that Bitcoin is “useless” and Ray Dalio in 2020 that Bitcoin is not a good store or medium of exchange of value.
In 2021, they both started investing.
Others with similar backgrounds (not named) have actively accused Bitcoin and Bitcoin of being cult, non-American, and gloomy, among other personal attacks.
These anti-Bitcoin stories are emotional and subjective and are most likely unaffected by objective facts.
Most people who changed their minds opposed or misunderstood functional semantics because of their flat-centered thinking.
Beyond their view of money, a better understanding of the basics of Bitcoin changed the minds of those who changed their minds.
Bias welcomes its Trojan horse and politics
One reason it’s much easier to eat crows when you’re doing it and making a lot of money is because of the prejudice of prominence.
Severity bias is a cognitive bias in which an individual tends to focus on items that are more prominent or emotionally impressive and ignore unobtrusive items.
Increasing the value of Bitcoin draws attention to them, as making a profit is important for financial professionals.
As Alex Gladstein explained in “Bitcoin is a Trojan Horse for Freedom,” they are not focused on the reality of Trojan horses. Gladstein explains how national leaders and institutional leaders are attracted to Bitcoin by their “increasing” technology. Therefore, they are unaware that there is also “freedom up” technology inside Trojan horses. As Gladstein wrote:
“As human rights activists are familiar with, it can be difficult to effectively promote freedom in a society that actively sells morals for profit. Bitcoin infiltrates and rewires the system from within. And align the pursuit of profits with unauthorized financial liberation.“
The same applies to financial institutions and business owners.
Celebrities heading for these financial institutions, businesses, and Bitcoin more powerfully also It has a great influence on the political world and who wins.
Let’s HODL our reaction to specific people and their organizations — and take a long look at what their probitcoin influences can unintentionally do for freedom.
More Probitcoin Financial Spokespersons, Companies, Institutions will eventually enable more Probitcoin politicians and, by chance, more freedom.
These parent Bitcoin politicians make it easier for freedom to rise.
This is a Russian Matryoshka Trojan that nests one Trojan inside another.
As the influence of parent Bitcoin financial institutions increases, the number of Bitcoin politicians will increase, and then freedom will increase.
Bias and influence: welcome vs. we told you so
When politicians reverse their position, they are often ridiculed as flip-flops, U-turners, and back flippers in some countries.
When anti-Bitcoin traders reverse their position in Bitcoin, Bitcoin traders once ridiculed Bitcoin and, of course, may want to ridicule these people.
I believe that these changing opinions should be welcomed, regardless of how much money you are making by moving to Bitcoin. You can see the inside of the horse.
Continuous impact bias is a type of confirmation bias that is “a tendency to believe in previously learned false information, even after it has been corrected.” Incorrect information can affect the inference generated after the correction has been made. “
At least some of us deny in our minds at Bitcoin price plunges or “probably bad for Bitcoin” events, despite our deep knowledge and strongly convicted beliefs. Would you like to hear the voice of the theorist?
The same can happen more easily for these newly created Bitcoin advocates.
Many individuals are well known in the financial world and will get a lot of heat during the Bitcoin price plunge.
We should work to deepen their true, deeper understanding of how Bitcoin works, to help them hold on to their beliefs.
If the understanding is superficial, it is easier to jump out of the rabbit hole immediately.
Bitcoin experts say that as these prominent financial authorities begin to descend the rabbit hole and continue to move down, Bitcoin will do the desire of them and their clients to do good in the world, or at least do good. You can also see that it meets the Virtue signaling.
No intra-group bias: Bitcoin is suitable for everyone
With the exception of Elon Musk-in his false energy story-we have not yet seen another wealthy institution or person change their minds from probitcoin to antibitcoin.
Let’s continue to help people who really want to understand Bitcoin, that is, to understand Bitcoin.
Address continuous impact bias and ensure that change occurs in people and in the world through transitive effects.
Bitcoin is for everyone.
Even former denialists.
In-group bias: What about everyone in 2022?
Intragroup bias is a pattern that prioritizes members within the group over members outside the group.
Financial managers, organizations and institutions will respond to their own interests and support their largest and wealthiest clients.
So the voice in my mind says, “But financial institutions are only helping a small part of the world to become wealthy.”
How about hiring by the lower to middle class masses? How do you support these other groups?
What about people and countries that need Bitcoin for basic needs, security and sovereignty? Or to help them survive the raging inflation?
For both actions of the average Bitcoiner Maxi When The economically wealthy Preston Pish, who adopts Bitcoin, addressed a related issue in a podcast with Greg Foss and Guy Swan on November 20, 2021.
“Bitcoin is … the ultimate filter for critical thinkers … Going to the other side, people with the deepest critical thinking skills actually reorganize, rethink, and reprioritize capital allocation … to things. It actually adds value to society. “
If you think it won’t happen, then be aware, dear readers, you Probably one of those people.
we can Helps everyone adopt healthy Bitcoin money, but especially many It has been hurt by the current monetary system or government actions.
2022 all Think critically and deeply about what we are doing all It can be done through Bitcoin to help us modify and add value to ourselves and other societies.
This is a guest post by Heidi Porter. The opinions expressed are completely unique and are not necessarily BTC, Inc.or Bitcoin magazine..