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State of Mind vs Incentive-Driven Behavior #28

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BitcoinErrorLog opened this issue Nov 7, 2024 · 0 comments
Open

State of Mind vs Incentive-Driven Behavior #28

BitcoinErrorLog opened this issue Nov 7, 2024 · 0 comments

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@BitcoinErrorLog
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BCAP introduces "State of Mind" (SOM) to categorize stakeholder engagement, ranging from advocacy to opposition. While it adds a psychological layer, it oversimplifies decision-making and falls into a trap that somehow defining patterns of behavior can be predictive of outcomes.

Behavior should be viewed as arising from dynamic rational, incentive-driven actions, not fixed psychological states. Decisions are better understood through cost-benefit analyses tied to security models, costs, and expected outcomes, making the SOM framework less comprehensive.

A serious model would assess economic incentives to reflect true decision-making dynamics, and, ideally, just use actual measured data, not imaginary predictable personas.

Bitcoin governance is not vibes & virtues. Bitcoin is an actual economic system with physical constraints that will bend any emotion to submission.

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