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Me: I bought a diamond yesterday.
Mom: Nice. They’re good investments.
Me: I’m going to smash it & sell it as a NFT.
Mom: Say again?
So I tried to convince my mother (accountant w/ 30 yr experience) that NFT is a better asset than diamond.
Did I succeed? Let’s find out 👇
First off, if you’re out of loop, this all started b/c I’m doing an experiment inspired by all the brilliant comments people made on this tweet of
I decided to buy a real diamond, create an associated NFT, destroy the diamond, and see if the NFT retains value. I told my mother about this on the phone. Like everyone else, she immediately went— this is crazy.
Mom: So if I buy this NFT, are you shipping me the diamond?
Me: No. Diamond’ll be destroyed.
Mom: Then what am I buying??
Me: You’re buying the “asset” function of this diamond. This fuction is transferred to the NFT from the diamond.
Mom: Explain.
Me: A diamond has two functions:
1/ real-world utility as jewelry & industrial tool
2/ store-of-value asset
When I create a NFT for the diamond, which is a token in a computer network that denotes an amount of value & ownership, I transfer function 2 to the NFT.
Mom: Nice. They’re good investments.
Me: I’m going to smash it & sell it as a NFT.
Mom: Say again?
So I tried to convince my mother (accountant w/ 30 yr experience) that NFT is a better asset than diamond.
Did I succeed? Let’s find out 👇
First off, if you’re out of loop, this all started b/c I’m doing an experiment inspired by all the brilliant comments people made on this tweet of
If you make a NFT of a real diamond, and the diamond itself gets destroyed in a fire tomorrow, you still have the same asset.
— Tascha (@RealNatashaChe) August 22, 2021
Because the token still exists and is in limited supply just as before. Nothing has changed.
What NFT is doing to the concept of asset, few understand.
I decided to buy a real diamond, create an associated NFT, destroy the diamond, and see if the NFT retains value. I told my mother about this on the phone. Like everyone else, she immediately went— this is crazy.
Mom: So if I buy this NFT, are you shipping me the diamond?
Me: No. Diamond’ll be destroyed.
Mom: Then what am I buying??
Me: You’re buying the “asset” function of this diamond. This fuction is transferred to the NFT from the diamond.
Mom: Explain.
Me: A diamond has two functions:
1/ real-world utility as jewelry & industrial tool
2/ store-of-value asset
When I create a NFT for the diamond, which is a token in a computer network that denotes an amount of value & ownership, I transfer function 2 to the NFT.
Amazon Web Services (AWS) is a $54 billion behemoth.
It's bigger than Marriott, Netflix, and Twitter...combined.
Yet 99% of us don't actually understand the business.
THREAD: The story of AWS & lessons we can learn from it
AWS is electricity for the internet.
It is the largest provider of on-demand, cloud computing services in the world.
With 33% of a $150 billion global cloud market, AWS makes our digital lives possible.
While you may not be AWS's customer, you sure as hell use it every day.
Here are some of its clients:
- Netflix
- Zoom
- Verizon Wireless
- Coinbase
- Vanguard
- https://t.co/Dqrc2Fvb9B
- Morning Brew
- GoPro
- Samsung
- Pinterest
- Snap
- FanDuel
So now, you hopefully buy why AWS important.
But how did it start?
Let's hop in our tweet thread time machine....
It's 2003.
You're Jeff Bezos & your business is growing like a weed.
1999: $1.64 billion (revenue)
2000: $2.76 billion
2001: $3.12 billion
2002: $3.93 billion
2003: $5.26 billion
But you have a serious problem...
It's bigger than Marriott, Netflix, and Twitter...combined.
Yet 99% of us don't actually understand the business.
THREAD: The story of AWS & lessons we can learn from it
AWS is electricity for the internet.
It is the largest provider of on-demand, cloud computing services in the world.
With 33% of a $150 billion global cloud market, AWS makes our digital lives possible.
While you may not be AWS's customer, you sure as hell use it every day.
Here are some of its clients:
- Netflix
- Zoom
- Verizon Wireless
- Coinbase
- Vanguard
- https://t.co/Dqrc2Fvb9B
- Morning Brew
- GoPro
- Samsung
- Snap
- FanDuel
So now, you hopefully buy why AWS important.
But how did it start?
Let's hop in our tweet thread time machine....
It's 2003.
You're Jeff Bezos & your business is growing like a weed.
1999: $1.64 billion (revenue)
2000: $2.76 billion
2001: $3.12 billion
2002: $3.93 billion
2003: $5.26 billion
But you have a serious problem...
From a young age, we are taught to view the world as black and white.
But many of life’s most important truths appear contradictory on the surface.
THREAD: 15 powerful paradoxes (on growth, business, careers, and life):
Sprezzatura (“Studied Carelessness”)
You have to put in more effort to make something appear effortless.
Effortless, elegant performances are often the result of a large volume of effortful, gritty practice.
Simple is not simple.
Slow Down to Speed Up
Want to speed up? Try slowing down.
Slowing down gives you the time to be deliberate with your actions.
You can focus, gather energy, and deploy your resources more efficiently.
It allows you to focus on leverage and ROI.
Move slow to move fast.
Learn More to Know Less
The wisdom paradox - the more you learn, the more you are exposed to the immense unknown.
This should be empowering, not frightening.
“The more I learn, the more I realize how much I don't know.” - Albert Einstein
Embrace lifelong learning.
Shrink to Grow
Growth is never linear.
In order to grow, sometimes you need to shrink.
Shedding deadweight may feel like a step back, but it is a necessity for long-term growth.
This principle applies to your career, startup, or life.
One step back for two steps forward.
But many of life’s most important truths appear contradictory on the surface.
THREAD: 15 powerful paradoxes (on growth, business, careers, and life):
Sprezzatura (“Studied Carelessness”)
You have to put in more effort to make something appear effortless.
Effortless, elegant performances are often the result of a large volume of effortful, gritty practice.
Simple is not simple.
Slow Down to Speed Up
Want to speed up? Try slowing down.
Slowing down gives you the time to be deliberate with your actions.
You can focus, gather energy, and deploy your resources more efficiently.
It allows you to focus on leverage and ROI.
Move slow to move fast.
Learn More to Know Less
The wisdom paradox - the more you learn, the more you are exposed to the immense unknown.
This should be empowering, not frightening.
“The more I learn, the more I realize how much I don't know.” - Albert Einstein
Embrace lifelong learning.
Lifelong learning is a competitive advantage.
— Sahil Bloom (@SahilBloom) June 6, 2021
But contrary to what you\u2019ve been told, lifelong learners are built, not born.
THREAD: 20 lifelong learning habits you can start developing today.
Shrink to Grow
Growth is never linear.
In order to grow, sometimes you need to shrink.
Shedding deadweight may feel like a step back, but it is a necessity for long-term growth.
This principle applies to your career, startup, or life.
One step back for two steps forward.
Validating a startup idea doesn’t have to take a ton of effort.
Here are 10 tools you can use to build MVPs in days.
/thread
| https://t.co/RLByWG66Pn
Bubble has a visual programming interface that enables anyone to build a complex web app in days.
I use Bubble to quickly get a working MVP to users after I’ve proven out an initial idea.
| https://t.co/2a5cIsmWiI
Adalo is similar to Bubble, but you can also use it to build native mobile applications.
You can make social apps, marketplaces, task apps, and more.
| https://t.co/cBocesubiB
If you can write basic Python, Streamlit enables you to build simple dashboard-based frontends in minutes.
I use Streamlit to think through and prototype the earliest iterations of my ideas.
| https://t.co/GvpkTjTM7B
Replit is a browser-based, collaborative code editor than can also run production code.
I use Replit to prototype APIs and simple web apps, without needing to worry about infrastructure.
Here are 10 tools you can use to build MVPs in days.
/thread
| https://t.co/RLByWG66Pn
Bubble has a visual programming interface that enables anyone to build a complex web app in days.
I use Bubble to quickly get a working MVP to users after I’ve proven out an initial idea.
| https://t.co/2a5cIsmWiI
Adalo is similar to Bubble, but you can also use it to build native mobile applications.
You can make social apps, marketplaces, task apps, and more.
| https://t.co/cBocesubiB
If you can write basic Python, Streamlit enables you to build simple dashboard-based frontends in minutes.
I use Streamlit to think through and prototype the earliest iterations of my ideas.
| https://t.co/GvpkTjTM7B
Replit is a browser-based, collaborative code editor than can also run production code.
I use Replit to prototype APIs and simple web apps, without needing to worry about infrastructure.
I gathered tools your startup needs.
Here's what they are:
https://t.co/qIWWwtWzrr
Collect video testimonials in the simplest way.
Cost: 2 videos for free
https://t.co/FdlwQgKsik
Simply beautiful open source icons.
Cost: Free Forever
https://t.co/QW7kznbM71
Magical Visuals With No Effort.
Cost: Free Demo
https://t.co/KeZ9ioNgyb
The collaborative interface design tool.
Cost: Free + Paid
Here's what they are:
https://t.co/qIWWwtWzrr
Collect video testimonials in the simplest way.
Cost: 2 videos for free
https://t.co/FdlwQgKsik
Simply beautiful open source icons.
Cost: Free Forever
https://t.co/QW7kznbM71
Magical Visuals With No Effort.
Cost: Free Demo
https://t.co/KeZ9ioNgyb
The collaborative interface design tool.
Cost: Free + Paid
If you want to do a Masters/PhD in Canada, and you really need a scholarship, you should consider applying to these 15 schools. (We call them U15).
Below, you will see links to ALL the Masters/PhD programs they have.
Check the requirements, apply, and share with others.
Thread
There are entrance scholarships in most (if not all) of the schools, and you don't need a separate application for this.
- You are considered based on info/docs submitted for admission
- The scholarship condition, amount, and availability may depend on the program applied for.
The U15 are Canada's heavy-pocket universities. They
- Receive 79% of all allocated funding
- Undertake 80% of all Canadian research worth $8.5 billion yearly
- Contribute more than $36 billion to the Canadian economy yearly
- Produce more than 75% of all Doctorates awarded.
U15 are your go-to universities for scholarships in Canada. They are:
1) University of Toronto
Research Income: $1.3 billion
Graduate Programs https://t.co/FeDHNTPo21
Undergraduate Programs https://t.co/OPsISg2zf8
Total Enrolment: 90,075
Number of international students: 19,190
2) University of British Columbia
Research Income: $658 million
Graduate Programs: https://t.co/PWWzpdJgTw
Undergraduate Programs: https://t.co/0xBxK23T1J
Total Enrolment: 64,800
Number of international students: 17,225
Below, you will see links to ALL the Masters/PhD programs they have.
Check the requirements, apply, and share with others.
Thread
There are entrance scholarships in most (if not all) of the schools, and you don't need a separate application for this.
- You are considered based on info/docs submitted for admission
- The scholarship condition, amount, and availability may depend on the program applied for.
The U15 are Canada's heavy-pocket universities. They
- Receive 79% of all allocated funding
- Undertake 80% of all Canadian research worth $8.5 billion yearly
- Contribute more than $36 billion to the Canadian economy yearly
- Produce more than 75% of all Doctorates awarded.
U15 are your go-to universities for scholarships in Canada. They are:
1) University of Toronto
Research Income: $1.3 billion
Graduate Programs https://t.co/FeDHNTPo21
Undergraduate Programs https://t.co/OPsISg2zf8
Total Enrolment: 90,075
Number of international students: 19,190
2) University of British Columbia
Research Income: $658 million
Graduate Programs: https://t.co/PWWzpdJgTw
Undergraduate Programs: https://t.co/0xBxK23T1J
Total Enrolment: 64,800
Number of international students: 17,225