I am not of the belief that this is going to be the "final cycle" where BTC soaks up the world's wealth, goes to $1 million and rewrites financial history. I do not think...
For the sake of a public record, I would like to lay out my prediction for how this next #Bitcoin #BTC #Crypto bull market plays out...
@RaoulGMI @PrestonPysh @AriDavidPaul
I am not of the belief that this is going to be the "final cycle" where BTC soaks up the world's wealth, goes to $1 million and rewrites financial history. I do not think...
The macro narrative is taking shape that BTC is a hedge against inflation, however...
In order to get secular, painful, obvious inflation I think that several things need to happen. We need a more accommodating government (MMT) which we don't...
At this point we don't have the system necessary to fire the fiscal bazookas fast enough to overcome the forces of deflation.
I think that we'll get a MMT government eventually, but it could take several years...
The Obama administration spent $400 million on a website that didn't work, how fast do we really believe the United States government is going to be able to create a 99.99999% reliable...
Who the hell knows, but it sure as hell isn't coming in 2021, 2022, or probably even 2023. A full rollout might not even happen till 2025 or 2026.
So without a...
Yet...
By that time the situation may be very, very different. Central bank printing will be off the charts, more than anyone imagines. There is MMT, UBI...
There may even be a pilot version of a CBDC, or at the very least the government has figured out how to quickly distribute $$$ to the people without using dead trees.
Against this macro backdrop I think BTC will...
Ironically, we've all heard the maxim that markets love to dole out maximum pain...
Those investors may be hesitant to buy BTC next cycle, since inflation never happened before...
More from Crypto
You are running out of time to get ahead in cryptocurrency.
You know what's coming:
🔺️ Regulation
🔺️ More shutdowns
🔺️ Banks deciding who gets to do business
It's time you got your own crypto wallet.
Don't know how? I'll show you.
/////THREAD\\\\\
METAMASK
What's metamask? It's a wallet. That you -- I mean YOU -- own.
You see, when you buy crypto through an exchange like CoinBase, you own it but only kind of.
If they get
🔺 Hacked
🔺 Shutdown
🔺 Servers crash
-- your money is STUCK.
We are gonna avoid that 👇
First thing,
Go to
https://t.co/JXAp9o5RzJ
You can download it on your computer. It's a browser extension.
Alternatively, go to the app store on your Android or iPhone. It's there too.
As part of the setup process, you will choose a password.
More importantly though...
SEED PHRASE
As you follow the setup process, you will be given a 12-word seed phrase.
WRITE. THIS. DOWN.
Take it down and guard it like the map to Davey Jones' Locker.
THESE ARE THE ONLY WAY TO RECOVER YOUR ACCOUNT.
DO NOT LOSE.
We good? Great.
Let's continue.
Once you're all setup, your MetaMask wallet is going to look something like the picture below.
See where it says Crypto Address? That's where your actual address will be.
It'll be a random arrangement of letters, numbers, etc.
Click on it to copy to your clipboard
NEXT STEP
You know what's coming:
🔺️ Regulation
🔺️ More shutdowns
🔺️ Banks deciding who gets to do business
It's time you got your own crypto wallet.
Don't know how? I'll show you.
/////THREAD\\\\\
METAMASK
What's metamask? It's a wallet. That you -- I mean YOU -- own.
You see, when you buy crypto through an exchange like CoinBase, you own it but only kind of.
If they get
🔺 Hacked
🔺 Shutdown
🔺 Servers crash
-- your money is STUCK.
We are gonna avoid that 👇
First thing,
Go to
https://t.co/JXAp9o5RzJ
You can download it on your computer. It's a browser extension.
Alternatively, go to the app store on your Android or iPhone. It's there too.
As part of the setup process, you will choose a password.
More importantly though...
SEED PHRASE
As you follow the setup process, you will be given a 12-word seed phrase.
WRITE. THIS. DOWN.
Take it down and guard it like the map to Davey Jones' Locker.
THESE ARE THE ONLY WAY TO RECOVER YOUR ACCOUNT.
DO NOT LOSE.
We good? Great.
Let's continue.
Once you're all setup, your MetaMask wallet is going to look something like the picture below.
See where it says Crypto Address? That's where your actual address will be.
It'll be a random arrangement of letters, numbers, etc.
Click on it to copy to your clipboard
NEXT STEP
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
1/“What would need to be true for you to….X”
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
These 10 threads will teach you more than reading 100 books
Five billionaires share their top lessons on startups, life and entrepreneurship (1/10)
10 competitive advantages that will trump talent (2/10)
Some harsh truths you probably don’t want to hear (3/10)
10 significant lies you’re told about the world (4/10)
Five billionaires share their top lessons on startups, life and entrepreneurship (1/10)
I interviewed 5 billionaires this week
— GREG ISENBERG (@gregisenberg) January 23, 2021
I asked them to share their lessons learned on startups, life and entrepreneurship:
Here's what they told me:
10 competitive advantages that will trump talent (2/10)
To outperform, you need serious competitive advantages.
— Sahil Bloom (@SahilBloom) March 20, 2021
But contrary to what you have been told, most of them don't require talent.
10 competitive advantages that you can start developing today:
Some harsh truths you probably don’t want to hear (3/10)
I\u2019ve gotten a lot of bad advice in my career and I see even more of it here on Twitter.
— Nick Huber (@sweatystartup) January 3, 2021
Time for a stiff drink and some truth you probably dont want to hear.
\U0001f447\U0001f447
10 significant lies you’re told about the world (4/10)
THREAD: 10 significant lies you're told about the world.
— Julian Shapiro (@Julian) January 9, 2021
On startups, writing, and your career: