Ep47 – What Do Silicone Arms, the Lying Media, and Bitcoin Maximalism Have in Common? (and Paul's Stunning Announcement)

Mentally Unscripted

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:

* Man in Italy uses fake silicone arm to try to get vaccine certificate

* Man uses fake arm to get vaccine certificate in Italy Jami Ganz - Saturday

* Matt Taibi on Joe Rogan

* Where Good Ideas Come from: The Natural History of Innovation, Stephen Johnson

* Qiao Wang is hiring tweet

* Elon Musk 66 years from first controlled, powered flight to landing on the moon tweet

* A Beginner's Guide to Decentralized Autonomous Organizations

* Muneeb.btc tweet

* Mentally Unscripted Ep30 - Brandon Wark of Free State Colorado - Why the Future Belongs to Those Who Participate

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.

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