In 1958, German psychopathologist Klaus Conrad introduced the term “Apophenia” to define the cognitive process of identifying patterns and connections between entirely unrelated ideas. While this phenomenon significantly contributes to human creativity, it can also result in misconceptions or mistakes. This type of error is referred to as “Pareidolia.” Interestingly, both maniacs and geniuses may stem from similar origins. - Joseph’s “just my thoughts”
Online sales surpassed offline sales as a result of the global pandemic. Nowadays, people are purchasing signals instead of tangible items. The online environment is a web of signals. If the signal presented by the interface is not trustworthy, purchasing is not possible. For a long time, stocks have been traded based on signals that represent rights without requiring physical stock certificates. The same principle applies to gold. The challenge arises because both the tangible item and the signal react based on their value, but human greed leads to an oversupply of signals. This happens because creating a signal is much simpler than producing the actual item. The fundamental issue is that the signal serves as a representation of the tangible item. When there are more signals than tangible items, this discrepancy is termed a “bubble.” In offline contexts, signals are known as “cash.” Essentially, money is just a signal, and “trust” is crucial for believing in that signal. - Joseph’s “j...