In today's episode, we explore more exciting topics. From a story about a man with a fake arm trying to get a vaccine in Italy, we discuss what the end game for COVID-19 looks like and whether the people and organizations at the top of the world's hierarchies have a clear picture of the public health, economic, and financial landscape.
We also explore our shifting paradigms. It's no longer left vs. right or communist vs. capitalist. Instead, the events surrounding COVID-19 are waking people up to a new way of looking at the world, and those entrenched in positions of power and influence want to prevent us from changing our perspective.
Finally, we have an exciting discussion about the advantages and disadvantages of Bitcoin maximalism in terms of generalization versus specialization.
This episode was an exciting ride where we started with a topic and saw where it takes us. So, please sit back and enjoy it.
As always, we want to build a community around Mentally Unscripted. So, share this episode with your friends and interact with us at MentallyUnscripted.com.
And remember, the conclusion you reach is less important than the process you follow to get there.
Resources
Mental Update #1, the Mentally Unscripted Newsletter.
Liberty Uninterrupted Ep 064 – Rebuking the State ft. Scott Grayson of Mentally Unscripted
In our Thinking Outside the Box news:
Where Good Ideas Come from: The Natural History of Innovation, Stephen Johnson
Elon Musk 66 years from first controlled, powered flight to landing on the moon tweet
A Beginner's Guide to Decentralized Autonomous Organizations
Mental Models
Begin with the end in mind
Garbage in, garbage out
When all you have is a hammer, everything looks like a nail
Immediate results vs remote results
Transparency vs. black box
Recency bias
Opportunity costs/tradeoffs
State of denial
The best way to combat a bad idea is with a good idea
Capture
Audience
Regulatory
Unintended consequences
Second-level thinking
Open systems vs. Closed systems
Specialization vs. Generalization
High stakes decisions
Open-Mindedness / Lattice Work of Mental Models lead to Innovation
Tribalism - Costs of going against your tribe
Fragility
Marginal utility
Complexity invites regulatory capture
Tradeoffs
Sunk Costs
Skin in the game
Simplify complex ideas
Feynman Learning Technique
Top Takeaways
Recency bias and propaganda make us believe the government can solve everything, but we must accept that it can't. We must learn to live with some things. It's not clear that our leaders have a clear end goal in mind regarding our COVID-19 response.
Traditional media outlets are closed systems that only offer a narrow range of disagreement. They're seeing a danger from decentralized media and open-system media.
The way governments, businesses, and individuals react to situations is changing. We're moving away from traditional left/right, capitalism/communism dichotomies to centralized/decentralized or open systems/closed systems.
Generalists have more resilience than specialists. In the case of crypto, generalization is superior to specialization (maximalization) in the current world environment.
Engage with Scott and Stefan on the Twitter thought control machine and the Mentally Unscripted Substack.
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Follow Scott at Strength and Reason and on DESO.
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Cheers!
Ep47 – What Do Silicone Arms, the Lying Media, and Bitcoin Maximalism Have in Common? (and Paul's Stunning Announcement)