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RE: Is Steem an Adult Version of the Marshmellow Test?

in #busy • 5 years ago

They touch on the "nature vs. nurture" debate. For example, what if the kids who made the bad choices live in a households where bad choses are negated by parents who have no follow-through.

"Clean your room or else you won't get a treat."
"Oh, you didn't clean your room, but you just love this treat. You can have it anyway."

While I'm certain most kids benefit from parents who maintain consequences, I'm also certain you can't get through to some kids no matter how consistent the parents are. So as always, it's not explained strictly by "nature or nurture."

If Steem is just a scaled up version of the marshmellow test, what is the antecedent for those of us who want to protect our investment? I think the way to protect ourselves is to limit exposure and let the market price-in this behavior. It's been doing this very efficiently, so far.

5 years ago in #busy by
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     5 years ago 

    They touch on the "nature vs. nurture" debate. For example, what if the kids who made the bad choices live in a households where bad choses are negated by parents who have no follow-through.

    Yes, this is how my parents parented.

    If Steem is just a scaled up version of the marshmellow test, what is the antecedent for those of us who want to protect our investment? I think the way to protect ourselves is to limit exposure and let the market price-in this behavior. It's been doing this very efficiently, so far.

    Excellent point, I've been wondering for a long time.. "What will we do with those we can not control"... probably terrible language

    I get your point about "Pricing it in". I hadn't thought about it in those terms before.

    Thanks!

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       5 years ago 

      "Pricing it in" is a more specific implementation of "it's self-correcting." Where "it's self-correcting" could imply, among other things, that people will change their behavior. I'm not expecting people to change their behavior, but I am expecting that, over time, they filter out and shoot themselves in the foot, so to speak.

      In the meantime, I am aware of the need to use external pressure to speed the process up. I'm not sure I buy the methods being proposed so far, but I understand the need.