Being Programmed to Not Find Good Cryptocurrency Projects

A conversation I had with my friend the other night made me think that perhaps our students are being programmed to not make good long term choices. It would not be too far of a stretch to claim that there will be who will fall for scams and bad cryptocurrency projects. As such, I will discuss a few things that I feel are being taught at school and how we can better train our next generation to make better choices.

Critical Thinking

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Yes, I know, every single educator would lament on the fact that their students are somehow not good critical thinkers. But, hear me out. I went for a course that taught people how to create a startup. It was a really good course, but then I noticed something interesting. I noticed that the system that they used was eerily similar to how I teach research writing. Utilizing (or gaming) the system, my team won third with a superbly boring idea.

I may be biased, but I think the journey of writing a good dissertation or a thesis changes you. It forces you to think from various perspectives. The journey also forces you to take into account all the possible problems that may occur. Thus, thinking critically. However, research skills like this is commonly taught at the end of an undergraduate course. I think that it should be taught much earlier. Imagine if people had the skills and tools to see through projects such as Bitconnect. At least, even if they were to buy into the project, they would know the risks that they are taking.

As such, I think students in high school should be given the opportunity to analyze companies and projects. They should be taught to question the way the company is being run. Hopefully, this will equip them with the ability to see through all the marketing and all the hype. Thus, helping them to also pick the right financial projects or cryptocurrency projects to invest in.

Active Reading

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A good mentor of mine once said, your output is only as good as your input. He was referring to the things I say and the ideas I conjure, not the biological output that you may be thinking about. If you were not thinking about that, you are a better person than I am. However, my mentor is right. You only know as much as the knowledge you have.

Thus, imagine if a good friend were to come to you and sell you a particular cryptocurrency project. If you have no idea what cryptocurrencies are about, nor what simple economics are, you may just be thinking about the potential gains that you may make. This may cause you to lose quite a bit. That is because you are placing your decision at the hands of your friend.

This is an issue not just with cryptocurrency projects but life choices as well. Many tend to base their decisions on Youtubers or influencers without researching it themselves. Now, I am not saying that Youtubers and influencers are not trustworthy, but do read up on it. You may see a perspective that they may not. Furthermore, what works for them may not work for you due to various factors.

Thus, I think the skill of active reading is important. One should always read and understand what they have heard from friends and Youtubers. The best time to inculcate these skills is at a young age. Children should be encouraged to ask as many questions as possible and the teacher should try to connect the answers of these questions to their preexisting knowledge. Thus, if knowledge is like a building block, a teacher builds a child’s knowledge by ‘stacking’ it higher with every question answered.

Conclusion

I believe that in times to come, knowledge will not be as important as wisdom. With social media and the internet in general, it is not difficult to find information on anything including a cryptocurrency project. There is also a lot of information on which cryptocurrency project that one can choose. However, wisdom is a combination of knowledge, experience and a critical mind. Put it all together, you just may find the projects that are rare gems of cryptocurrency projects that are buried underneath all the hype of other projects.

Thus, never stop researching, never stop reading and never stop questioning.