Paul Vigna, Wall Street Journal reporter and co-author of 'The Age of Cryptocurrency', describes the common mental process people undergo when first encountering Bitcoin.
“The stages, it's, you know, it's dismissal, it's disdain. Your first one is disdain. Disdain, dismissal, curiosity. The fourth one is actually the key. The fourth one is the aha moment, the eureka moment, and we played around with, I wanted to call it the oh fuck moment. Because to me that really sort of encapsulates it, like once it When it hits you, that light bulb goes off, and that, that is literally what I said, you know, like to myself, oh, Like, this is a, you realize how big a thing this is, and that's the real critical one, and when people get to that moment, we interviewed people who said, I stayed up for three days just reading every single thing I could online. I couldn't sleep. The idea becomes very, very, it becomes huge in your mind, and then just acceptance.”
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Insight
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PredictionNot checkable as stated
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What-if
Vigna: The 2008 financial crisis spurred Bitcoin's rapid early growth
“It helped it because I think that that's part of the reason why it's grown so much faster than other technologies would have.”
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