tl;dr: Your mind is playing tricks on you all the time. Put guardrails around your thinking so you make better decisions.
I am reading a book now called Your Deceptive Mind: A Scientific Guide to Critical Thinking Skills.
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It’s been reinforcing my understanding of just how fallible the human mind is to creating stories when facts and evidence are missing.
We are incredibly incompetent at memory, avoiding confirmation bias, and most importantly, thinking about how we are thinking.
As a result, I have started to get into the mindset of asking myself the question:
“Ok, what if the entire thesis about the importance of blockchain and crypto is just wrong?”
One of the (many) weaknesses in my game is that I probably don’t spend enough time articulating and refining the various operating theses that upon which I am relying.
That, and not spending enough time on the grand strategy, are two things that are going to require some attention, even if I have no clear idea on how to get to the next level on them.
One approach is to find a new set of mentors.
For a long time, I assumed that “mentors” was just something that was important when you are starting out in your career. That’s not the case for me.
There’s value in surrounding yourself with people who represent a better version of you, so you can “see” a vision of your future self and work towards.
Plus, those mentors can help you develop your critical thinking skills, so you don’t fall into so many of the traps that our human minds play on us.
Bottom line: a set of internal and external checks and balances to keep you from lying to yourself.
It scares me that I may be wrong in my crypto thesis, but that’s probably my ego talking.
Still, when I see things like the Fairfax County (VA) Economic Development Authority sponsoring an event called Security Tokens 101 Blockchain-Based Investing in Growing Businesses, I have to take notice.
When I see Pedro’s compilation of A handy guide to financial support for open sourceand realize that each of them has a crypto-alternative, I see financial innovation.
And when I see the incredibly comprehensive Dapp Use Notes by Robbie Bent involving a list of products and services that both didn’t exist and were impossible 2–3 years ago, that’s some strong evidence that something is happening.
At the same time, I need to work much, much harder to distill reality from fantasy. Knowing my own mind is working against me is the first step though.
Challenging the Crypto Thesis and How I Think was originally published in Data Driven Investor on Medium, where people are continuing the conversation by highlighting and responding to this story.