For Founders, Ignorance Isn't Bliss

When I talk with other startup founders, we eventually land on the topic of cryptocurrencies. This is usually when I get frustrated.

I'm always surprised at the level of misunderstanding and ignorance that follows. Most people "don't get it" — which is fine. What annoys me is when you don't make an effort to understand it; if you "don't get it" multiple times, there's a problem. This problem is compounded because, as a technology innovator, shouldn't you be aware of trends and advancements?

To be clear, I don't deal with cryptocurrencies day-to-day. Yet, I take the effort — 15 to 30 minutes on Google — to understand cryptocurencies on a basic level, so that I won't sound like an ignorant idiot.

If you don't believe in the long-term viability of cryptocurrencies as a currency or a vehicle for trade, fine. Please educate yourself so that you don't bring up the same — misconceptions and untruths — sentences. Every. Single. Time.

Having a basic understanding allows you to converse intelligently and actually discuss things on a proactive level. Spreading the same misconceptions is spreading FUD — fear, uncertainty, and doubt.

Just because you're not directly in the space, doesn't mean that you shouldn't educate yourself on it. I'm not in the hardware space, but I know better than to think that Google Glass is filming all the time.

You're a startup entrepreneur. You're supposed to be on the cutting edge of technology and innovation.


What are your thoughts? Let me know on Twitter (@sebfung).

Like my blog posts? Subscribe.