FAQ: “How do I get better at writing?”
Me: Write a million words.
Follow up: “Hah but seriously.”
Me: Start with 20,000 words. Everyone gets to that 50 times in their first million.
Follow up: “No seriously.”
Me: Nobody expects 10 Quick Tips To Play Violin At Carnegie Hall.
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 Writing
In 2013, I woke up and said, "I want to write a book about Pokémon."
In 2017, I finally wrote it.
In 2019, thanks to the fine folks at @DelReyBooks, you'll all get to read it.
I'm pleased to announce my epic fantasy debut. Formerly: "Fullmetal Pokémist." Now:
STEEL CROW SAGA.
Seriously, everyone, I can't tell you how thrilled I am to share this one with you. The world is far-flung and weird, and the characters live lives so far removed from mine, but STEEL CROW SAGA is honestly the most personal and autobiographical thing I've ever written
Yeah, I guess I should address that early. STEEL CROW SAGA is not a trilogy. This is a standalone book. I left doors open for someday, but my plan right now is for each of these three books to be its own
Last thing I'll say here: I couldn't have asked for a better team than @DelReyBooks to work with--particularly @tnarwani, who just Gets this book. In our call, she casually cited a semi-obscure Korean movie from ten years ago, unaware it'd been a key influence. That's when I knew
Anyway. Plenty more to tease in the coming year. Thanks again to my friends who got me through it, and especially to @dongwon who saw this weird Toonami regurgitation and immediately believed in it. Today is my triumph, but it's also theirs.
In 2017, I finally wrote it.
In 2019, thanks to the fine folks at @DelReyBooks, you'll all get to read it.
I'm pleased to announce my epic fantasy debut. Formerly: "Fullmetal Pokémist." Now:
STEEL CROW SAGA.
Seriously, everyone, I can't tell you how thrilled I am to share this one with you. The world is far-flung and weird, and the characters live lives so far removed from mine, but STEEL CROW SAGA is honestly the most personal and autobiographical thing I've ever written
Yeah, I guess I should address that early. STEEL CROW SAGA is not a trilogy. This is a standalone book. I left doors open for someday, but my plan right now is for each of these three books to be its own
holy crappppppp i see A THREE BOOK DEAL hidden in there too!!!!!!!!
— do i dare to eat a \U0001f351 (@NicasioSilang) October 31, 2018
Last thing I'll say here: I couldn't have asked for a better team than @DelReyBooks to work with--particularly @tnarwani, who just Gets this book. In our call, she casually cited a semi-obscure Korean movie from ten years ago, unaware it'd been a key influence. That's when I knew
Anyway. Plenty more to tease in the coming year. Thanks again to my friends who got me through it, and especially to @dongwon who saw this weird Toonami regurgitation and immediately believed in it. Today is my triumph, but it's also theirs.