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There are a lot of pitfalls on the road to success, and this is true for every type of success:
Whether you want to be an Investor;
Whether you want to promote a project;
Whether you want to be famous...
....and so on.
Having this in mind, I'd like to point out two things that are transversal in their threat to successful people - as this is something I've been seeing taking the life out of many people and investors alike.
As an example, BTC is now suffering from the collective madness of its representatives, who are actively selling out, throwing consistency out of the window, and suffering from Greed - the number one enemy of every investor and successful financial professional.
Throughout this post, I'm going grab someone who is becoming rich and successful as an example, going over how his mind expands, how his growth starts to become exponential and snowball him to new heights, and how the Great Filter finally claps him down.
When the pieces fall into place and you become successful and whatever it is that you do, you start seeing the unlimited power of both compound interest and an ever-increasing network of contacts, each new one more successful than the last.
This makes it so that you get a huge rush.
You see everything you do work out better than before, you start seeing your income pile up, you start seeing your fame pile up, and so on...
The run begins!
The rush may cause you to develop a fatal illness for any investor, brand, celebrity, and so on... and that is an illness I call - The Great Filter.
Based on the scientific concept of the Great Filter, this one is responsible for the death of a lot of personalities, companies, brands, and fortunes.
The main symptom?
People get drunk with that growth, they get drunk on power, money, and success... they become vulnerable to the urge of growing even further...
...and so they get increasingly more affected by Greed.
...and so they sell out their consistency, their moral table of values, their ethics, and more.
People then run the mistake of selling out for any project that promises to give them their next big fix... their next short-term payment burst.
And so they start selling out over and over again, embracing shady practices and projects and getting their Pavlovian Fix of instant gratification.
This happened with several people.
I recently watched a video on Daymond John, the Shark on Shark Tank, as he was promoting an obvious Get-Rich-Quick Scheme.
Kyosaki also endorsed some pretty crazy products, which was a really disappointing move for me to watch since he was one of my, you can say, platonic mentors.
People often lose sight of the long-term strategy sense that lead them to be successful in the first place and get all tied up with this "Great Filter" which drags them down via periodical fixes of instant gratification.
You see, you need to be extraordinary to be successful...
...but you NEED to be truly unique to STAY Successful.
Having the willpower and discipline to evade the tantalizing Pavlovian short-term fixes is just one of the many things successful people need to have in order to stay successful and respected in the long term.
It's hard to live without money, it's harder to live without consistency and unbacked greed with no planning sense - which invariably leads you to lose all of the respect you garnered in the first place.
Greed has you sell out, and BTC is a prime example of how this happens.
You see, Greed was what took the BTC community to happily accept becoming part of the system, becoming increasingly centralized, becoming prey to censorship, becoming a partner of statism-backed institutions and companies... and so on.
Greed leads people, brands, celebrities, and investors to sell out and put their reputation on the line for instant results.
However... this is a Great Filter trap.
People who trade their credibility for short-term gains sign their reputation's death sentence.
BTC's Conference and the hillbilly hype together with its censorship shows you these people are in it for the wrong reasons and are invariably selling out - losing their reputation and giving BTC a bad name as well.
BTC has done a lot for crypto, but now it is becoming senile in its winter years.
For many, BTC is now the senile grandpa you get kind of embarrassed of in public but you still keep it around because it did a lot for you in the past.
For others, BTC is the crazy junky on the street harassing people and shouting "Fuck Elon Musk we ain't selling"... you have no sympathy for him and just want distance (this is my case right now).
Whatever the case is, this Great Filter affecting this ecosystem is doing a huge disservice to crypto.
Consistency is what tells people if you're someone who believes in what he stands for or if you're someone who is always ready to turncoat or to sell out for two copper coins.
Consistency is standing for your beliefs...
You need it!
Bitcoin is peer-to-peer electronic cash, and we at BCH are consistent. We defend BCH because it is Bitcoin and we stand by our beliefs, no matter if many point their finger at us and if we're a lower price token without the handle.
Bitcoin believers who sold out their consistency and stuck to BTC show everyone they don't stand by their beliefs... but there are tons of more examples on how lack of consistency kills reputations.
There are many crypto experts and "gurus" out there who created a brand based on their beliefs and seriousness... and then DESTROY it all to get short-term gains, supporting one of thousands upon thousands of crypto pyramid schemes.
In short, loss of consistency and unbacked greed destroy countless of people, brands, projects, and successful investors.
This is visible in BTC, and was festeringly apparent in BTC's Conference.
This "Great Filter" is why Successful people come and go.