1/ So here is a thread on how I turned $32,000 into $1.2m and back to pretty much zero (once taxes are paid).
Just note, I am not bitter or salty in any way at all, the last 2 years have been an amazing ride - travelled the world, been wealthy, been poor.
- Trading (income 1)
- Podcast (income 2)
- Mining (income 3)
- Mining pool (income 4)
- Consulting (income 5)
Yes - all of the above as a one-man army :)
Mining is what busted me most:
- 70 S9s
- 70 DragonMints
The above with setup was like $300k.
Each month digging into my BTC to pay the bills. Finally paying $19k to release from the contract.
Basically paying losses each month with a slowly dwindling balance of BTC.
The good news - I have the podcast which is now generating an income, something a little more reliable
I don't want any donations or sympathy. Sure I regret stuff but I am happy with how it has all played out.
People say don't invest what you can't afford to lose, well don't keep in Crypto profits which will change your life.
It is one of the reasons I have sympathy for maximalism, all these tokens and coins really are silly.
Viva la Bitcoin!
If you want to start a side gig, there are so many tools to help you get started. Here are a bunch of my favs.— Peter McCormack [Jan/3\u279e\u20bf \U0001f511\u220e] (@PeterMcCormack) December 13, 2018
Feel free to add to or critique.
With the tools listed in this <thread>, I reckon you can start an online business for less than $100 a month.
More from Life
Only give these currencies to high value people. Never spend these currencies on low value shitheads eg: trolls, weasels, snakes, naysayers etc.
'Wait, I thought money was the most important currency?'
Once you adopt abundance mentality, you realize their is no shortage of money.
Making the dollars your most important currency will have you leading an empty life.
Time to flip your perspective.
When you strip yourself to the core, you are an emotional creature.
Emotions are your internal worlds energy.
Harnessing that energy is crucial for leveraging yourself to obtain whatever you want.
You have a finite amount everyday, so spend it wisely.
A second that is lost will never be returned.
You start valuing the hell out of this currency the more you mature.
As the years start adding up, you realize time is precious.
You must always have a scarcity mindset towards time.
Once you do so, you will not be lazy.
You can be here, but not present.
Attention is completely mental.
Giving someone your attention means you are clearing up mental bandwidth to make room for them.
Only give your attention to people who help you grow.
For the negative ones?
Ignore their existence
P1) God is triune. (Assumption for Reductio)
P2) The Son, The Father, and Holy Spirit are not identical to each other. (From, "Trinity")
P3) The Son, The Father, The Holy Spirit are each God (From, Trinity)
P4) Only The Son has the essential property of being identical to the "Son." (From the definition of "Essential Property", and Haecceity.)
P5) Only The Father has the essential property of being Identical to the Father.
P6) Only the Holy Spirit has the essential property of being identical to the Holy Spirit.
C1) Therefore, each member of the trinity are identical in quiddity, but still differs haeccetistically. (From 3, 4, 5, 6.)
C2) Therefore, each member of the trinity is essentially non-identical. (From, "Haecceity")
C3) Therefore, there are 3 distinct entities which each have the property of "Being God"
C4) Therefore, There are 3 Gods.
C5) The Trinity affirms there is only one God.
C6) Therefore, the Trinity is contradictory.
C7) Therefore, God cannot be triune.
Justification for 4, 5 and 6:
- Thread -
Investment is a necessary factor for your good development.
If you want to grow your income, you will have to invest.
This step is not optional.
You are often told to save money, this is bullshit.
The value of your money will decrease every year.
II- Be fearless
Fear is man's worst enemy.
It gnaws at him until it makes him a docile person.
Risks must be part of your daily life.
If you don't take them, you don't move forward.
The best way to learn is to fail.
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In that spirit, here's some quick Things Many People Find Too Obvious To Have Told You Already.
Your idea is not valuable, at all. All value is in the execution. You think you are an exception; you are not. You should not insist on an NDA to talk about it; nobody serious will engage in contract review over an idea, and this will mark you as clueless.
Technologists tend to severely underestimate the difficulty and expense of creating software, especially at companies which do not have fully staffed industry leading engineering teams ("because software is so easy there, amirite guys?")
Charge more. Charge more still. Go on.
The press is a lossy and biased compression of events in the actual world, and is singularly consumed with its own rituals, status games, and incentives. The news necessarily fails to capture almost everything which happened yesterday. What it says is important usually isn't.
Companies find it incredibly hard to reliably staff positions with hard-working generalists who operate autonomously and have high risk tolerances. This is not the modal employee, including at places which are justifiably proud of the skill/diligence/etc of their employees.
Every now and then an idea sticks with me like that corner of tortilla chip that just won't go down your throat. It happened with SPARROWHAWK, which began as 40k of a YA story, died, and was reborn as a comic, thanks to @christopher_j_r and @boomstudios. And now... 2/
It's happening with THE WILLOWS, a short story that you'll see in @UncannyMagazine next year. This Southern Gothic horror story began as an attempt to sell my next Romance to @AbZurdity after the Blud books in 2014 or so. And she didn't buy it. Guess why? 3/
Turns out, it wasn't a Romance! It was Southern Gothic Horror. Even the bones of it screamed strangeness, not sexiness. I loved the taste of the world, but I hadn't found the right story yet. Tried to write it 2 more times and failed. Until I finally understood what it was. 4/
So I took the 50 pages I'd written and cut half of them, twisting the story around from a gothy Romance inspired by the band the Civil Wars and turned it into a spooky descent into madness. And it looked back at me from the abyss as if to say, DUH. Sometimes... 5/
Published a new essay: The red flags and magic numbers that investors look for in your startup’s metrics – 80 slide deck included!
This was a deck that I created on my (longish) interview process with @a16z. It was a long path, starting with meeting folks at the firm 10 years ago. But the purpose of the deck was to explain how I would use my superpower in an investing context
Here's what I explain in the deck. As investors (whether angel or VC) we're often confronted with an up-and-to-the-right graph. Is it going to go up? Or down?
One solution to forecast these growth curves is the Growth Accounting Framework, where you add up New+Reactivated and subtract churned users. In each time period that gives you the difference in monthly actives.
The problem with this is that it's a lagging metric, not a leading one. We need to go one level deeper and look at the underlying loops that drive these numbers, to understand the quality.