Participating in crypto markets during the thrill stages of a bull-run is isomorphically more similar to playing a modern video game than it is to investing. Most competitive modern video games have an ever-evolving metagame. The metagame can be described as subset of the game’s basic strategy and rules which is required to play the game at a high level.
This article is an example of the mental exploration possible when one can devote mental energy to things other than mere survival or carry on with day job. The more people can be free of work, the more brain power will be made available to advancement of thinking , or meta-thinking, that can help us advance as individuals and as societies.
Wow such high quality content. And here I thought you were just a very rich shit poster on Twitter (mostly because of your previous profile pic). Please keep your fantastic work going, can't believe this is free.
great post...very important to not engage in FOMO and be happy to miss a trend rather than be exit liquidity. If you do your research and have conviction you can catch the next game.
"In crypto, understanding the dynamics of why or how a metagame works is much more important than understanding it in League of Legends."
In crypto, as in any other market, understanding the dynamics of why or how has the same vanity value because of it is not possible to "understand."
The very fact that you see this or another correlation does not mean that the correlation truly exists.
The very fact that your brain creates a coherent story throughout past events is just a narrative fallacy explained by many top-level traders and investors. It is also explained in the chapter 6 of the N. Nassim Taleb's "Black Swan" book.
You can go with the flow. That's alright. This is what's being called "follow the smart money." But if you think that you can outsmart the market by always efficiently predicting the trend - you might be the dumbest smart person around here.
Again:
"In crypto, understanding the dynamics of why or how a metagame works is much more important than understanding it in League of Legends."
In League of Legends you can have enough data to KNOW EVERYTHING.
In real world market you can't have even 1/10th of the needed data to predict dynamics;
In LoL there is zero noise, because it is a bug/anomaly free game;
In real world there are billions of factors far far away from your understanding;
The very fact that you extrapolate the understanding of LOL to the real market simply shows some extreme flaws in your thoughts, that might come to you at a very high cost someday.
Still, this doesn't mean that you can't be successful. I know many casino gamblers and hardcore players who believe that they can outsmart the random (and some of them are pretty wealthy btw).
If you have an audience, and people are listening to you, then do your homework, get the sense of the responsibility, read some books, and weigh what you tell.
This kind of romantic/pathetic speeches often can nudge one to an extremely absurd bets.
Who else love the fact that "meta" was mentioned 84 times but made sense every single time it was mentioned.
This article is an example of the mental exploration possible when one can devote mental energy to things other than mere survival or carry on with day job. The more people can be free of work, the more brain power will be made available to advancement of thinking , or meta-thinking, that can help us advance as individuals and as societies.
This was fucking awesome, thanks Cobie.
for someone who is drunk most of the time this is very impressive
Wow such high quality content. And here I thought you were just a very rich shit poster on Twitter (mostly because of your previous profile pic). Please keep your fantastic work going, can't believe this is free.
Cobie: Respect. Nicely written, to the point.
My thoughts:
- "meta" and "alpha" are close relatives aren't they?
- the game evolves around rotating into and out of the current meta, it seems.
- "players want to play": is it just me, or is already short attention span further shrinking? Shorter cycles....
My questions:
- you have a view on playing the airdrops meta?
- where would the latest $SOS drop fit in? I'm still struggling to make sense of it....
- I'm logging my gaming since 10.2020 - blessing and curse when you can look back to all those decisions....
- CT psyops FUD and FOMO games - when is CT exposure toxic?
Sorry, when my thoughts are rumblings - sorting my thinking by writing......
Anyway: great article - gave me plenty of "a-haaaa" - and "META" !! :-) >> keep sane & going. Up yours !
Shit cobie can write?
Drink every time you read ‘Meta’
Thanks for one of the most clearly understandable synthesis of a complex environment
I fucking love you you fucking Jordan fucking Fish. God damn it! Thanks sir.
this might be the best article I've read all year. well done
great post...very important to not engage in FOMO and be happy to miss a trend rather than be exit liquidity. If you do your research and have conviction you can catch the next game.
As a gamer, this article hits a chord in my heart. Thank you
Wow.. Cool how you simplified the whole domain with the analogy of League of legends - awesome awesome text ser!
People sell the last meta they fomo’d for the next one. It’s a video game. Players want to play, they don’t want to be idle.( In the nutshell)
"In crypto, understanding the dynamics of why or how a metagame works is much more important than understanding it in League of Legends."
In crypto, as in any other market, understanding the dynamics of why or how has the same vanity value because of it is not possible to "understand."
The very fact that you see this or another correlation does not mean that the correlation truly exists.
The very fact that your brain creates a coherent story throughout past events is just a narrative fallacy explained by many top-level traders and investors. It is also explained in the chapter 6 of the N. Nassim Taleb's "Black Swan" book.
You can go with the flow. That's alright. This is what's being called "follow the smart money." But if you think that you can outsmart the market by always efficiently predicting the trend - you might be the dumbest smart person around here.
Again:
"In crypto, understanding the dynamics of why or how a metagame works is much more important than understanding it in League of Legends."
In League of Legends you can have enough data to KNOW EVERYTHING.
In real world market you can't have even 1/10th of the needed data to predict dynamics;
In LoL there is zero noise, because it is a bug/anomaly free game;
In real world there are billions of factors far far away from your understanding;
The very fact that you extrapolate the understanding of LOL to the real market simply shows some extreme flaws in your thoughts, that might come to you at a very high cost someday.
Still, this doesn't mean that you can't be successful. I know many casino gamblers and hardcore players who believe that they can outsmart the random (and some of them are pretty wealthy btw).
If you have an audience, and people are listening to you, then do your homework, get the sense of the responsibility, read some books, and weigh what you tell.
This kind of romantic/pathetic speeches often can nudge one to an extremely absurd bets.