7 Hints for Financial Idiots. Again, Money is Not an End Woodchuck

Photo by Sander Sammy on Unsplash

Will you woodchuck repeat the mistakes we made? Yes? What an idiot!

  1. Start by asking insistently as a journalist, over and over again, in search of uncovering the truth (inverted pyramid). Each project has to be scrutinized, questioned and analyzed as an unknown event. “I have scolded an innkeeper. Why, when, where, how? Because when I eat badly, I get angry.” Think about Christian DYOR (Do Your Own Research).
  2. All projects can fail in 24 hours or less. Let’s not forget that COVID stopped a rushing world in an instant. The pandemic still challenges us. The certainty is not in the technology, nor in the market capitalization, nor in the apparent security, scalability and decentralization of the blockchain. Bitcoin can be gone in a heartbeat.
  3. The first rat to leave the ship is the superman who leads the project. He demands submission and homage towards his person, that token, the DAO or the community. Run, Forrest. Run! Run away as far as you can.
  4. Cryptocurrencies are not the ultimate solution to anything. Blockchain will not revolutionize the history of humanity forever, at most it will make it a little better or worse. Blockchain and cryptocurrencies are new tools for today. Tomorrow they will have the uniqueness of a wooden spoon.
  5. There are no cheap or expensive cryptocurrencies. There are good and bad projects that depend on good and bad people to make them prosper. Do not confuse a dove with a bat. If you can’t bring the mountain to Mohammed, then bring Mohammed to the mountain.
  6. At the end of the day the only measure of success is the sustainability of the project. That depends on the idea, the mission, the leadership, the community and the construction of wealth with social and environmental inclusion.
  7. Cryptocurrencies are a hobby (nothing more and nothing less). No hay que dar por el pito más de lo que el pito vale.

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Writer. Pic of abuelo (c.1930)

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Pol

Pol

Writer. Pic of abuelo (c.1930)

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