The Futility of Bitcoin's 'Digital Gold' Vision

A few days back, Bitcoin crossed the $15,000 mark. In just two months it has more than tripled its price, proving that sceptics were naive all the way long. There has also been a decided shift in the perception of Bitcoin: from a revolutionising currency to a store of value. People might still be optimistic about its practical utility, but it’s difficult to treat a currency with such wild movements as…well…a currency. There’s little sense in using Bitcoin to buy things when you can expect it to buy thrice as much in a few weeks more, much less in accepting it when it’s prone to crash, fees are ridiculously high, and verifying transactions takes forever.

Survivorship Bias is a Poor Excuse for not Trying

Microsoft’s meteoric rise can be traced back to a meeting where Bill Gates sold a vapourware operating system to IBM. If that hadn’t happened, Microsoft could’ve likely been a small company selling programming languages. Bill Gates admits that he was lucky and insists that dropping out of college education isn’t a smart idea. In another universe, Bill Gates could’ve been a CEO of a medium-size company—talented, smart but not a hugely successful one.

Writing, Fast and Slow

A week ago, when I was commuting back to home, I had a brilliant idea for an essay. I thought of an introductory narration and as I can recall, it sounded good. I didn’t write anything that day but attempted to in the next. Unsurprisingly, the clarity had vanished. I couldn’t even finish a few lines—and even they weren’t delightful to read.