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Just made it back from the pro forma hearing on the necessity of continuing the pre-trial detention of Tornado Cash developer Alexy Pertsev.
This wasn't the actual court case yet, but the public prosecutor did offer slightly more insights on why he was indicted, exactly.
The desire to be consistent with oneself is the source of poor decision-making.
The winners of the Big Short came to define themselves as bears and proceeded to underperform everyone for 13 years.
There's never a need to define yourself. The market does not care who you are.
1/ Crypto teaches your lessons quickly. I've you've been around for a few years, you've seen compressed - but no less severe - market cycles in a span of months/years that most traditional investors only see once or twice in their careers. A 🧵on some of my crypto lessons 👇
remember how at first it was tweets talking about the news, and then it turned to the news talking about tweets?
yeah that’s what crypto is about to do to banks and exchanges
Human behaviors you can always bet on:
1) Belonging
- Twitter
- Discord
- Creator fans
2) Signaling
- Luxury digital & physical goods
3) Striving for immortality
- Eight Sleep
- Whoop
- Oura Rinf
4) Escaping
- Psychedelics
- Weed
- Games
- Great storytelling
A 10-year career plan is a mistake. A fixed plan can close your mind to new possibilities.
You don't know how the world is going to change. You also don't know how you're going to change.
You can dream 10 years ahead, but it's best to limit your plan to a year or two ahead.
I keep getting asked by young folks who want to break into crypto VC how to do it. The simplest answer: write in public! Tweet, too. It’s free, available to anyone, and the easiest way to stand out without needing any insider connections.