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Author Topic: The 10,000-Hour Rule in Bitcoin?  (Read 311 times)
hatshepsut93
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May 14, 2022, 10:36:20 PM
 #21

I wouldn't view Bitcoin in general as a field that can and should be mastered. This is the case for Bitcoin development, but not the case for using Bitcoin. You don't need to know any C++ and cutting-edge algorithms to send transactions and avoid getting hacked or losing your wallet. And the ability to understand Bitcoin source code or Lightning Network developments won't help you with predicting the price.

Having high rank and high merit count is not a sign of a Bitcoin expert. The real Bitcoin experts are the people from Bitcoin dev mailing list, github, IRC channel, stackexchange.

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franky1
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May 14, 2022, 10:58:23 PM
 #22

This is what I did. I had the time. I had the passion. I had the willingness. My point is: The world is made by people who're not smarter than you are. You just need to put in the effort.

2 hours a day for 2 years.. well that puts you at ~ 1.5k hours.
so not even 15% there

just a shame you wasted each of them 2 hours per day for 2 years into altnets.. as you have become very passionate about altnets .. but yet lack over 85% of understanding your favoured altnet while completely missing the point entirely about what bitcoin is

so the more important thing is if you want to learn a particular thing. learn that particular thing. dont confuse yourself with wasting time learning something else, or spending the time just hanging with a group of people pretending you are all involved in something, while just socialising in that time.. to then pretend its the thing you first wanted to learn.

its not about putting the time in. its about actually.. learning using the time

actually take the time to learn the stuff

as for the topic title..
10,000 hours.
most people dont actually ever spend 10 hours a day, 7 days a week for 3 years constant learning.
most dont even spend 8 hours a day, for 5 days a week for 5 years learning constantly

id say its not about quantity of time thats important. its quality of the time used thats important

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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May 15, 2022, 08:51:25 AM
 #23

If I spend 10,000 hours on Bitcoin, I wouldn’t become like Satoshi.
Except that you would, if you really wanted to. With 10,000 dozens of thousands of hours, if you decided to figure out what's going on behind all that, you would. You would have the time to understand bitcoin, you'd have the time to study how cryptography works, you'd have the time to comprehend economic terms you were unaware of, you'd have the time to ask questions, things you don't understand etc.

This is what I did. I had the time. I had the passion. I had the willingness. My point is: The world is made by people who're not smarter than you are. You just need to put in the effort.

I believe you, of course, although as far as my personal disposition is concerned, I don't think mere want is enough. I think this is true to many. Who wouldn't want to be like Satoshi or Hal or Adam or even theymos? But not everyone could actually rise to be like them despite him/her wanting it. It might actually take a genius to come up with Bitcoin, however Satoshi himself/herself/themselves humbly diminish it as something anybody could actually discover given all the available resources.

Of course, 10,000 hours or roughly 417 days or a little more than a year need to be accompanied with very strong passion plus a strong inclination plus enough exposure and a little more than moderate brilliance and probably other ingredients. Not everybody who admires and even wants to become Hal Finney would be excited when cryptography or programming is discussed. And not all of those who are excited and passionate would have the patience and discipline to actually become like him.

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May 15, 2022, 10:33:43 AM
 #24

I want to start by saying that if you google "is the 10000 hour rule true", you'll immediately get articles that say it's a myth, that is was debunked and stuff like that. There have been many meta studies done that demonstrate that while practice does matter, there still is a significant performance variation, and 10000 hour don't automatically make you a pro.
Since the rule itself was debunked, I think there's no need to explain why it doesn't apply to Bitcoin. But I'd say that even if the rule were true, it would only apply to strictly skill-based venues (the research was originally about musicians). Learning about Bitcoin doesn't sound like a skill-based thing to me.

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May 15, 2022, 10:39:42 AM
 #25

Of course, 10,000 hours or roughly 417 days or a little more than a year need to be accompanied

um.. only if you never sleep, stop to eat, drink, use the toilet, or have a family.
hint: no one studies constantly for a whole 24 hours of a day..

anyone pretending they have accomplished mastering anything in under 2 years while not actually rigorously studying none stop, is just fooling themselves

the thing i hate about certain people in this forum, is they form small ignorant social groups and just repeat silly utopian dreams like a script while pretending they know whats best.

you know the type, the ones that think their network is better but all you can read is the same exact words their buddies have said exactly the same before then. as if they are reading from a glossy pamphlet or an advert they seen. no independent thought, no paraphrasing, no beyond the box thinking. just sheep following something they read in some social media platform.

this is not mastering anything.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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May 15, 2022, 01:36:39 PM
 #26

I have read that rule earlier also and while it's good to read at the same time it's quite hard to follow.
10,000 hours are a lot actually. Considering we sleep 8 hours a day and lets leave 2 hours for food and other things.
We get around 14 hours a day and if we consume all of it, which is still a big thing since we are not so productive throughout the day, it takes 715 days.
Now thats around 2 years which is why I think it's a huge time to follow a specific schedule.

I think the 21 days rule is better than this  Grin

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May 15, 2022, 01:44:26 PM
 #27

I wouldn't view Bitcoin in general as a field that can and should be mastered. This is the case for Bitcoin development, but not the case for using Bitcoin. You don't need to know any C++ and cutting-edge algorithms to send transactions and avoid getting hacked or losing your wallet. And the ability to understand Bitcoin source code or Lightning Network developments won't help you with predicting the price.

Having high rank and high merit count is not a sign of a Bitcoin expert. The real Bitcoin experts are the people from Bitcoin dev mailing list, github, IRC channel, stackexchange.

Thats pretty straight. Obviously its nothing to study about bitcoin if you are going to use it as is. I mean who studies dollars and euro's? I literally never did that, just took the salary, used it as is, traded as is. But what to study in that? Bitcoin is not even physical here, so I am not sure what is outlook there.

I agree with @hatshepsut93 that if we really want to learn something, then its the background technology, the platform on which Mr. Satoshi developed it.
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May 15, 2022, 01:52:20 PM
 #28

I have been part of this forum for more than 8 years.... (lurked a while before that, because I did not want to make mistakes) ....and I have spend more than 70 000 hours thinking and sleeping Bitcoin and Crypto currencies. (Well ...some of that was sleeping)  Grin Grin Grin

All of that time, has not made me a "Master of Crypto currencies" but it has earned me a bunch of money and a lot of fun and adventure. They say, it is more the journey ...than achieving the end result. ===> Posts:    11536  = A ton of research and acquiring a lot of new knowledge.  Wink

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May 15, 2022, 02:44:33 PM
 #29

I had never thought objectively and quantitatively about the time I spent on Bitcoin/crypto. But I did the math here out of curiosity, to see if I could already be elected on this criterion.

Considering that I've known crypto for 6 years and since I've known it, every day I've dedicated time to studying, writing and talking about bitcoin and crypto (with increasing time dedicated to this), imagine I've spent the last 6 years at least 5 hours on average for crypto which gives 10,950 dedicated hours.

too much time  Shocked Shocked Shocked Shocked Shocked Shocked Shocked

But, particularly, I think that even more important than the time spent is the distance between the learning time. I think it's important to live through different phases and get in touch with a multiple perspective.

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May 18, 2022, 05:24:07 PM
 #30

imagine I've spent the last 6 years at least 5 hours on average for crypto which gives 10,950 dedicated hours.
Spending 10,000 hours to study will really but in the world, we live in and the things happening around the world I think will be hard to achieve the 10,000 hrs for people who are already a parent.
This is something I have been planning on several occasions but it is hard to achieve when the kids are around.
Do you ever for once spend 5hours a day studying Bitcoin?

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