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GuestUser450
Guest
Respectfully, that's an incredibly glib outlook based on an armchair prediction.Except we're not referring to a company, there are no "numbers" to do due diligence on, so your investing expertise and opinions are irrelevant. There are no earnings reports to flip through, it's predicting the future. You either believe in the technology or not. If you don't, then just move on and you'll use it in the background eventually.
Due diligence is a methodology or rather part of a mental model that helps us make the right decisions. It's about knowing people not companies.
For example, when I see a country like Greece discuss a new fiat drachma vs. the euro vs. a cryptocurrency, I take notes. I reference it against history and the emotions people violently act on. I look at the new tool, but not the underlying tech-instead I look at the top developers pushing it. Is it 5 guys like bitcoin, or is it flat. Does it exist in a way that is welcoming to the same people it will rely on to scale, etc. And I break it down piece by piece. Hopefully I get to a place to make an educated prediction and can act accordingly within that space and those affected by it.
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