Be discreet and never reveal your next sgeps or jow you got there.
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Razors are rules that simplify decisions.
THREAD: 20+ powerful razors (to help you cut through life’s noise):
The Steve Jobs Quality Razor
When building, take pride in carrying the quality all the way through.
Would you be proud for your work to be seen from every angle and perspective?
If not, keep working.
The ELI5 Razor
Complexity and jargon are often used to mask a lack of true understanding.
If you can’t explain it to a 5-year-old, you don’t really understand it.
If someone uses a lot of complexity and jargon to explain something to you, they probably don’t understand it.
Munger’s Rule of Opinions
“I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.” - Charlie Munger
Opinions aren’t free. You have to work to earn the right to have them.
The Bezos Regret Minimization Framework
The goal is to minimize the number of regrets in life.
When faced with a difficult decision:
(1) Project yourself into the future
(2) Look back on the decision
(3) Ask "Will I regret not doing this?"
(4) Take action
THREAD: 20+ powerful razors (to help you cut through life’s noise):
The Steve Jobs Quality Razor
When building, take pride in carrying the quality all the way through.
Would you be proud for your work to be seen from every angle and perspective?
If not, keep working.
![](https://pbs.twimg.com/media/E445jNZXMBMYQfa.jpg)
The ELI5 Razor
Complexity and jargon are often used to mask a lack of true understanding.
If you can’t explain it to a 5-year-old, you don’t really understand it.
If someone uses a lot of complexity and jargon to explain something to you, they probably don’t understand it.
Munger’s Rule of Opinions
“I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.” - Charlie Munger
Opinions aren’t free. You have to work to earn the right to have them.
The Bezos Regret Minimization Framework
The goal is to minimize the number of regrets in life.
When faced with a difficult decision:
(1) Project yourself into the future
(2) Look back on the decision
(3) Ask "Will I regret not doing this?"
(4) Take action
The @JeffBezos Regret Minimization Framework is a simple yet powerful mental model for making important decisions and unlocking growth in your career, startup, business, relationships, or life.
— Sahil Bloom (@SahilBloom) February 24, 2021
A short thread on how it works and how it can change your life... pic.twitter.com/krtr2CarxW
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.