[Analysis] Facing the greater fool
The Greater Fool Theory remains a persistent critique from opponents who view any investment in the digital asset world as imprudent. In the latest monthly installment of his thematic overview column, Evan Feng of Tapestry Capital unpacks the premises, examines the logic, and debates the underlying definitions behind the theory.
He discusses the difference between ontology and epistemology, touches on some thought experiments, even challenges the very idea of intrinsic value, before bringing it all back to point out the major holes in the Greater Fool Theory as commonly applied, and why it's ultimately safe to ignore.
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