The crypto collapse domino:
1) Terra
2) 3AC
3) Celsius
4) FTX & Alameda
5) BlockFi
6) Defaults on Maple & TrueFi
How did it affect credit markets?
Join @blockworksres analysts and @goldfinch_fi founder @_blakewest tomorrow to understand.
https://t.co/nw56lgRNX3
The 'Cold Start Framework' by @andrewchen explains the stages of creating, scaling and defending the network.
Companies such as Uber, Slack, Wikipedia and more - have successfully demonstrate how to ace these stages.
Here's the 'Cold start framework' explained in < 2 mins 🧵🧵
Formula for genuine success is some combo of:
1. Very hard work
2. For long periods of time
3. IQ
4. EQ
5. Strategic thinking
6. Risk-taking
7. Luck
The ratio varies from person to person but those are the ingredients.
It is rarely easy and never "free"
Advantages of crypto
Decentralisation
Transparency
Trust in code
I have a feeling we don't interact with with crypto in a manner in which we can utilise these advantages
Utilitarianism is bad: It encourages mortal men to play God at levels of complexity that they can't possibly comprehend. It should be banned for the greater good.
When the masses come, they won’t be “onboarded” onto web3
They’ll just be using apps the same way they do today—the difference being that those utilities will be built on blockchain tech
Users will rarely even need to realize what’s going on in the background