Topic: A more scientific mindset is necessary to avoid scams. - page 4. (Read 540 times)

There is no contradictory link between Bitcoin and artificial intelligence, the two can be a revolutionary technology. It is not coal versus oil versus alternative energies, or artificial intelligence, robots and manual labor.

Bitcoin's intense energy consumption is one of the topics that has been discussed a lot, and the search option will show you hundreds of topics.


There are no direct links between Bitcoin and fraud. It is true that there is some connection between cryptocurrencies and fraud, but with a little observation, you will find a big difference between Bitcoin and cryptocurrencies.

arwin100-A lot of scams are obvious to reasonably intelligent people. But some things are not obviously scams, and some things require a scientific mindset to see if they are worth investing in. Scammers try their best to make it non-obvious that what they have to offer is a scam (ahem 90% of all college degrees). If scammery were so obvious, then FTX would not have existed at all and all of you chlurmcklets would not have worshipped at the feet of Sam Bankman Fried. But you did. And if something is not even worth your time to research, then it is not worth investing in. I do not know why anyone would want to invest in any cryptocurrency whatsoever without understanding even the basics of Bitcoin to the point where they realize that Bitcoin's mining algorithm was not designed to advance science but it is a quite difficult task to come up with a scientific mining algorithm that establishes decentralized consensus.

If people keep on denying the need to have a scientific mindset, they will continue to fall into scams and invest in garbage.

-Joseph Van Name Ph.D.

You don't need to think more deeper about that since scams are obvious if you see that they are offering such to good to be true returns to their investor then that is really shady and potentially that could be turn as scam. Also if we see them act weird like promising that what they are doing is really profitable then if you invest to them then you can also generate money then try to see it if this is sustainable since if this is obvious money gathering scheme and what they do is just pure bullshit then you can avoid to get away with those scammers. We just need to have critical thinking here to avoid them and know what are those realistic way to earn money. But some fail to have or do that since what always came up on their mind is there's easy way for them to earn money that's why they need to be aware of any ponzi schemes system so that they can familiarize and avoid them.

In order to advance science, scientists must think critically about everything that is being claimed, and scientists must evaluate all the evidence to determine which claims are supported and which claims are not supported. Many people have ideas including some very good ideas, but most ideas do not work, so one will need to test those ideas to determine which ideas are supported by evidence and which ones fail for one reason or another. The cryptocurrency community could benefit a lot from a scientific mindset.

No. A scientific mindset will not necessarily make you rich nor will a scientific mindset necessarily prevent you from losing money (Did you believe that a scientific mindset was magic? Oh wait. You don't care much about science, so you won't do that). But a scientific mindset will make you less susceptible to scams. Let us go over the steps of the scientific method and apply these steps to cryptocurrency technologies.

1. The first step in the scientific method is to make an observation. In the cryptocurrency sector, you may observe that many people are making a lot of money through cryptocurrency and that a lot of people are claiming that blockchain technologies will revolutionize stuff. Oh wait. That was about 2019 or whatever year. Now we are all talking about AI and about how AI will revolutionize stuff (or just @#$% everything up). You may also observe that Bitcoin uses a lot of energy.

To make a good observation, you should probably do some background reading (including reading the Bitcoin whitepaper and other papers).

2. After making an observation, one should ask a question. You may ask yourself why Bitcoin needs to use all of that energy and whether there is anything that should be done about this.

3. After you ask a question, you should for a hypothesis that you believe is testable. For example, you may hypothesize that there is no way for Bitcoin mining to be used to solve a scientific problem while establishing decentralized consensus.

4. After you form a hypothesis, you need to figure out how to test your hypothesis to see whether it is legitimate or not. If you find that you are unable to test your hypothesis, then you cannot claim that your hypothesis is correct. If you are too lazy, busy, or dumb to test your hypothesis, then maybe you should either form an easier hypothesis or accept that you are more likely to fall into a scam. If you hypothesize that there is no way for Bitcoin mining to be used to solve a scientific problem while establishing decentralized consensus, then to test this hypothesis, you will need to form a mathematical proof that this is impossible. Or at the very least, you will need to get a whole bunch of people to spend millions of dollars to find such a scientific problem (or maybe such a scientific problem already exists but the cryptocurrency community is too demented to realize this). If those resources come up empty, then those resources were probably just squandered. But if you have evidence that those resources were not squandered, then you can say that smart people have tried to solve a scientific problem while establishing decentralized consensus, but they could not do so. This does not mean that cryptocurrency mining cannot be used to establish decentralized consensus while solving a scientific problem, but it should at least tell you that you may want to give up trying to use cryptocurrency mining to solve an important scientific problem. In science, there are unsolved problems, and you may just need to accept this and quit trying if the cost is too much. But the cryptocurrency sector due to their low level of intelligence has not really tried to use cryptocurrency mining to solve an important scientific problem.

The entire cryptocurrency community has an anti-scientific mindset. For example, the entire Bitcoin community automatically rejects the idea that cryptocurrencies should have mining algorithms that are designed to advance science without any reason whatsoever. But they are unaware that since Bitcoin has an anti-scientific mining algorithm, Bitcoin (and other cryptocurrencies) have attracted an anti-scientific community that is highly susceptible to scams and bubbles. The entire cryptocurrency community would be much less hateworthy if it was not so attracted to scammery and was smart enough to like science.

-Joseph Van Name Ph.D.