FUD — Fear Uncertainty and Doubt

Knowledge is an unending adventure at the edge of uncertainty. — Jacob Bronowski

Human history can be measured according to technological advances: Stone Age, Bronze Age, Iron Age; or revolutions: Industrial, Computer, Information. The world has entered a new Age — the Crypto Age. And the revolution began with the It from the Bitcoin.

The original creation of Bitcoin was partially in response to the 2007–2008 Financial Crisis. But Bitcoin’s genesis was rooted in far wider sociological issues. Satoshi Nakamoto is the pseudonym of the person (or persons) who wrote the original Bitcoin white paper and who first deployed Bitcoin. Satoshi is credited with being the creator of Bitcoin.

A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. — Satoshi Nakamoto

Bitcoin’s emergence was a big bang event for global socio-economic systems. The coming collisions between the centralized and the decentralized systems will potentially bring about increased economic freedom spirally off in all directions like subatomic particles of crypto-spacetime.

At the start of the path, a lot of traditional media outlets and mainstream financial institutions have tried to create doubt about the safety of cryptocurrency through fearmongering. This negative energy impacts individuals’ confidence in the markets overall. This behavior earned the acronym FUD. Fear Uncertainty and Doubt.

The level of FUD rises whenever there is increased uneasiness and unpredictability. Because it is the big dog in the crypto arena, larger than usual fluctuations in Bitcoin’s price creates corresponding levels of FUD. It is critical to stay calm during such chaotic times.

To help overcome Fear Uncertainty and Doubt read my book — The Tao of Crypto. Free on Cyber Monday — November 29.

The Tao of Crypto — on Amazon