Not just crypto bros, this kind of thing is rife in politics too. Brexit is full of it. People pick one article about one minor thing in one niche area of the economy and use it to 'prove' their entire agenda.
Danny was the person who was absolutely the best at this. I should have written one of them down, as I can't even reproduce it but he'd use some logical fallacy to make his case which is, for me at least, super hard to then have to dive into "but that's not how the universe works" without having a 20 minute discussion about life and losing the audience plus the person I'm talking to. Meanwhile, what he said was funny as hell.
Sure, anyone who understood the situation would understand this isn't a good reason, but you had to think about it (at least a little) before realising that. The "owww" moment removed any thinking brain cells from the audience. It was more impressive than frustrating to be honest, even being on the losing side every time.
These days, politics and PR frustrate me because the tactics are no longer among 16 year old classmates but about things that actually matter. The methods haven't changed, only the importance of the argument.
That’s because the audience is usually at the stage of a 16 year old, even if they are older. The aim of politics and pr are easily manipulated folks.
You know, those referred to as the “the market” or “the electorate”.
(ignoring the other people also struck by the lightning, or those who did not got hit)
But we grossly under-estimated how out-of-control this game will become when transposed into the unified digital space comprising social media, blogs and online news outlets (the so-called echo-chamber), combined with invasive data mining techniques of online behavior, sentiment analysis, click farms and now, drum roll... infinite amounts of LLM generated junk.
It is remarkable that people don't appreciate how broken the design that supposedly signifies "modernity" and opportunity.