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You Won’t Believe the Crazy Psychology Behind Why Your Next Big Crypto Get Rich Quick Scheme Will Totally Work This Time (Spoiler Alert: It Won’t)

CybersecurityDeFiPrediction Markets Doug Martinez November 2, 2024

A illustration depicting a broken puzzle piece with an 'X' marked through it in red next to a shiny new upgradeable protocol contract being built by a hammer-wielding giant in blue overalls, while the Lindy Effect's original concept is shown as a non-perishable good (a comedian) standing tall and unscathed amidst flames. The background features multiple fragmented code snippets with 'update' stamps on them.

The Lindy Effect: How Crypto’s ‘Trustless’ Nature is a Trust-Builder?.

Source: cointelegraph

How the Lindy Effect can make users overconfident in DeFi 'brands'
https://cointelegraph.com/news/how-lindy-effect-users-overconfident-de-fi-brands
Opinion by Merlin Egalite, co-founder of Morpho Labs. There is a great irony in crypto: it was designed to be "trustless," but trust and longevity for brands often play a major role in where users decide to allocate and use their crypto. So it's no surprise that the Lindy Effect is a concept often discussed in the DeFi space. But it's applied inconsistently, sometimes to the companies or brands and […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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