“The very men who are most anxious to plan society [are] the most dangerous... and the most intolerant of the planning of others. From the saintly and single-minded idealist to the fanatic is often but a step.”
— Friedrich Hayek
Volatility is much easier to handle, psychologically speaking, when you are not fully invested.
As long as you have some dry powder it keeps you in an opportunistic mindset
“The very men who are most anxious to plan society [are] the most dangerous... and the most intolerant of the planning of others. From the saintly and single-minded idealist to the fanatic is often but a step.”
— Friedrich Hayek
@BlockformerLLC@ownershipfm I'm hopeful that they could govern a nation, but think we should first experiment on much smaller scales, only increasing scales as we see smaller successes.
14/ @MetaDAOProject validates two of our three principles: fair pricing and milestone-gated constraints. +214% at 90D across 9 tokens while every other launchpad and CEX went negative.
MetaDAO assumes holders want governance and ownership. PoC makes conviction structural — no assumptions about motivation needed.
@cryptoklotz this is probably right high level but need to be mentally comfortable with ranging for 6-9 months (and the possibility of another 30% correction)
Charlie Munger: "To everyone who finds the current investment climate hard and difficult and somewhat confusing, I would say welcome to adult life."
"I don't think I have a one-size-fits-all investment [strategy for others]. Some people are gifted enough that they can invest in hard-to-value, difficult things. Other people, I think, would be very wise to have more modest ambitions in terms of what they choose to deal with."
"You have to figure out your level of skill and that should enter the equation."
(Daily Journal AGM || 2022)
"It's a reactionary market, not a first principle market"
Michael from @dba_xyz, on the Stackelberg game playing out across crypto:
"The difference between traders and funds, or retail and institutions, is that if you're a retail trader you think about the world in the current regime you're in. Whatever rates are, whatever equity multiples are, that's how you think about things. Our job as a fund is to think through multiple regimes"
"There's a thing called a Stackelberg game, the opposite of a Nash game. Instead of everyone going at once, a leader goes and then people react to the leader. That's very much how markets are. There'll be a regime shift, people start to make net new decisions based on that new regime"
"As soon as there's a signal lighthouse that comes out of MetaDAO that shows the quality of the company and the asset performance is net better on a cohort basis than non-MetaDAO companies, everyone will start to go to that structure. It's a reactionary market, it's not a first principle derived single regime market" - @different_mj
One advantage I find is that retention is much greater when you seek. And AI is the seeker's holy grail. I expect many people to acquire and retain far more knowledge than before.
the highly secretive metadao owners meeting planning commitment is seeking skeptics
if you or a loved one has been affected by the anti-metadao virus, we would like to talk!
you may be entitled to a coveted speaking slot at the inaugural meeting
new claude code (human) skill: run /model every 30 mins to see if claude has decided im committing a crime and is giving me a worse model. So far im 4/5 today.