We seem to be closing in on needing a lesswrong crypto autopsy autopsy. Continued failure of first principles reasoning bc blinded by speculative frenzies that happen to accompany it.
Just the general crypto cycle continuing onwards since then (2018). The idea being it was still possible to get in at 5% of current prices at around the time the autopsy was written.
I do think plenty of rationalists invested into crypto since then. While 20x is a lot, it’s not as big as what was possible beforehand and there are also other investments like Tesla stock that have been 20x since 2018 (and you had a LessWrong post arguing that people should invest into Tesla before it spiked).
We seem to be closing in on needing a lesswrong crypto autopsy autopsy. Continued failure of first principles reasoning bc blinded by speculative frenzies that happen to accompany it.
What’s the context?
Just the general crypto cycle continuing onwards since then (2018). The idea being it was still possible to get in at 5% of current prices at around the time the autopsy was written.
I do think plenty of rationalists invested into crypto since then. While 20x is a lot, it’s not as big as what was possible beforehand and there are also other investments like Tesla stock that have been 20x since 2018 (and you had a LessWrong post arguing that people should invest into Tesla before it spiked).
Nvidia is even 30x over that timeframe.