Some people really benefit from hearing advice that everyone knows, for the same reason we keep schools open despite every subject in them having been taught before.
In that spirit, here's some quick Things Many People Find Too Obvious To Have Told You Already.
Charge more. Charge more still. Go on.
We don't see most of it every day for the same reason abstractions protect us from having to care about metallurgy while programming.
Serious people in positions of power eat Thanksgiving dinners, too. Guess what they ask at them.
More from Patrick McKenzie
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.
More from Tech
The YouTube algorithm that I helped build in 2011 still recommends the flat earth theory by the *hundreds of millions*. This investigation by @RawStory shows some of the real-life consequences of this badly designed AI.
This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/
A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/
https://t.co/uAORIJ5BYX 4/
https://t.co/yOGZ0pLfHG 5/
Flat Earth conference attendees explain how they have been brainwashed by YouTube and Infowarshttps://t.co/gqZwGXPOoc
— Raw Story (@RawStory) November 18, 2018
This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/

A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/
https://t.co/uAORIJ5BYX 4/
https://t.co/yOGZ0pLfHG 5/
Next.js has taken the web dev world by storm
It’s the @reactjs framework devs rave about praising its power, flexibility, and dev experience
Don't feel like you're missing out!
Here's everything you need to know in 10 tweets
Let’s dive in 🧵
Next.js is a @reactjs framework from @vercel
It couples a great dev experience with an opinionated feature set to make it easy to spin up new performant, dynamic web apps
It's used by many high-profile teams like @hulu, @apple, @Nike, & more
https://t.co/whCdm5ytuk
@vercel @hulu @Apple @Nike The team at @vercel, formerly Zeit, originally and launched v1 of the framework on Oct 26, 2016 in the pursuit of universal JavaScript apps
Since then, the team & community has grown expotentially, including contributions from giants like @Google
https://t.co/xPPTOtHoKW
@vercel @hulu @Apple @Nike @Google In the #jamstack world, Next.js pulled a hefty 58.6% share of framework adoption in 2020
Compared to other popular @reactjs frameworks like Gatsby, which pulled in 12%
*The Next.js stats likely include some SSR, arguably not Jamstack
https://t.co/acNawfcM4z
@vercel @hulu @Apple @Nike @Google The easiest way to get started with a new Next.js app is with Create Next App
Simply run:
yarn create next-app
or
npx create-next-app
You can even start from a git-based template with the -e flag
yarn create next-app -e https://t.co/JMQ87gi1ue
https://t.co/rwKhp7zlys
It’s the @reactjs framework devs rave about praising its power, flexibility, and dev experience
Don't feel like you're missing out!
Here's everything you need to know in 10 tweets
Let’s dive in 🧵

Next.js is a @reactjs framework from @vercel
It couples a great dev experience with an opinionated feature set to make it easy to spin up new performant, dynamic web apps
It's used by many high-profile teams like @hulu, @apple, @Nike, & more
https://t.co/whCdm5ytuk

@vercel @hulu @Apple @Nike The team at @vercel, formerly Zeit, originally and launched v1 of the framework on Oct 26, 2016 in the pursuit of universal JavaScript apps
Since then, the team & community has grown expotentially, including contributions from giants like @Google
https://t.co/xPPTOtHoKW

@vercel @hulu @Apple @Nike @Google In the #jamstack world, Next.js pulled a hefty 58.6% share of framework adoption in 2020
Compared to other popular @reactjs frameworks like Gatsby, which pulled in 12%
*The Next.js stats likely include some SSR, arguably not Jamstack
https://t.co/acNawfcM4z

@vercel @hulu @Apple @Nike @Google The easiest way to get started with a new Next.js app is with Create Next App
Simply run:
yarn create next-app
or
npx create-next-app
You can even start from a git-based template with the -e flag
yarn create next-app -e https://t.co/JMQ87gi1ue
https://t.co/rwKhp7zlys
