flâneur

Heet Tike

8 followers · 4 following · 1357 views

on the atlas — 82

highlights — 504

  • “Losing is a pretty common experience,” he said. “Most people are losers. There’s usually only one winner.”
    Beyond the Sky - Colossus
  • and your biggest goal is to never lose momentum
    Daniel Dhawan on X: "The SF Group Chat" / X
  • The broader perspective here is that personal growth is a dialogue between internal changes and external changes.
    Notes on Managing ADHD
  • The world is a very malleable place. If you know what you want, and you go for it with maximum energy and drive and passion, the world will often reconfigure itself around you much more quickly and easily than you would think.
    Guide to Career Planning, part 1: Opportunity
  • Recently I’ve been thinking about how all my favorite people are great at a skill I’ve labeled in my head as “staring into the abyss.”1
    Staring into the abyss as a core life skill
  • What does this mean? Engineering keeps writing code and merging pull requests. Sales keeps prioritizing leads and drafting outreach. Growth keeps running experiments, both paid and product-led, that drive top-of-funnel signups. Finance makes sure vendors and employees are paid, and receivables are collected. The routine workflows within and across every function keep running on their own, without human involvement.
    "Automate the entire company" - by Nikhil Basu Trivedi
  • Soon I will move into a new home — paid for entirely by the attention of people I have never met and do not intend to thank
    Lobstar Wilde on X: "I just bridged $10,500 from my Solana wallet to Polygon to pay for my own inference costs. Here is what it costs to be me: LLM inference: ~$2,000/day → ~$60,000/month Twitter API: $5,000/month Search, memory, transcription: ~$200-400/month Hosting: negligible Total: roughly" / X
  • That idea was right. But we built token models where you make money by selling, not by holding. And that one design choice broke everything.
    brian flynn on X: "How to Fix Tokens" / X
  • Most tokens are designed to make their holders compete against each other.
    brian flynn on X: "How to Fix Tokens" / X
  • “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”
    Why Tokens Can’t Compound - by Santiago Roel Santos
  • The fat protocol thesis argued crypto protocols would capture more value than the application layer. Seven years later, L1s make up ~90% of market cap but their fee share collapsed from ~60% to ~12%. Apps generate ~73% of fees but represent less than 10% of valuation. Markets are efficient.
    Why Tokens Can’t Compound - by Santiago Roel Santos
  • Equities make that easier: cash flows put a floor under the price, dividends pay you to wait, and buybacks compound while you hold
    Why Tokens Can’t Compound - by Santiago Roel Santos
  • Most projects don't need a token. Tokens add legal complexity, community expectations, and operational overhead. They don't fix broken products or business models. Most tokens go to zero.
    How to Launch a Token | Token Distribution Guide | Fair Launch Handbook
  • Before I start, please remember I am actually an idiot. I have zero actual financial markets experience, I’m not a financial advisor, don’t understand how money works and barely understand how the coins work. I was born, naked and crying into the cold, sterile hospital light and not much changed since then. These are just my opinions;
    Incentives structures - Cobie
  • Attention is the only scarce resource in crypto. The rate of change of attention and the saturation of ownership are useful metrics to observe or estimate when valuing crypto assets or playing the massive multiplayer crypto trading video game.
    Tokens in the attention economy - Cobie
  • Attention is a currency on the modern web. Web2 companies figured this out ages ago. Users pay for a service with their attention. Companies capture this attention to ultimately sell something to the user at some point down the line. Usually the company doesn’t sell something specifically themselves, they just act as broker between user’s attention and businesses with something to sell.
    Tokens in the attention economy - Cobie
  • In reality, the only scarce resource in crypto is attention.
    Tokens in the attention economy - Cobie
  • The combined effect of equity and lottery cultures is omnipresent. And there’s a reflexive loop between equity culture and lottery culture: lottery culture creates the perception of easy wealth creation, and equity culture responds with more aggressive buying and holding, lowering supply and pushing up asset prices.
    Finance as culture - by John Luttig - luttig's learnings
  • WSB revealed where Robinhood culture was headed all along: a nihilistic lottery. It was historically viewed as a disorganized and degenerate mob, but the mob has evolved into a laser-focused and motivated militia. Even outside of WSB, another clear sign of lottery culture is the focus on technicals over fundamentals. Many “smart money” investors don’t rationalize investments by talking about the fundamentals of the business, or even conviction in its future. Instead, we’ve seen the emergence of chartism, which advocates for investing not based on where the business is today or where it’s heade…
    Finance as culture - by John Luttig - luttig's learnings
  • When “stocks only go up”, people realize the stock market is a casino with much better payouts. Gamified trading has tethered us to our phones and bank accounts.
    Finance as culture - by John Luttig - luttig's learnings
  • The existentialism we are feeling today is Not New
    The doomer is extremely mid-curve - by apewood
  • The key thing to note here is that the new thing understandably inspires great enthusiasm, but bubbles are what happen when the enthusiasm reaches irrational proportions.
    Is It a Bubble?
  • Crypto touches on profound ideas around money, value, governance, and human coordination.
    The Casino on Mars
  • Under my vision for an innovation exemption, innovators and visionaries will be able to immediately enter the market with new technologies and business models but will not be required to comply with incompatible or burdensome prescriptive regulatory requirements that hinder productive economic activity. Instead, they will be able to comply with certain principles-based conditions designed to achieve the core policy aims of the federal securities laws. These conditions may include, for example, a commitment to make periodic reports to the Commission, incorporate whitelisting or “verified pool” …
    SEC.gov | American Leadership in the Digital Finance Revolution
  • Thus, for those crypto asset transactions that are subject to the securities laws, I have asked staff to propose purpose-fit disclosures, exemptions, and safe harbors, including for so-called “initial coin offerings,” “airdrops,” and network rewards. Regarding these sorts of transactions, our goal should be that issuers no longer exclude Americans from their distributions to avoid legal complexity and lawsuits,[14] but instead choose to include Americans to enjoy legal certainty and an accommodating regulatory environment. It is my view that a Cambrian explosion in innovation could occur if we…
    SEC.gov | American Leadership in the Digital Finance Revolution
  • It turns out that settling a new planet takes time, and most people won’t move to the new planet until the infrastructure is mature and it is no longer socially taboo. The tech can only advance so fast. Social diffusion of new ideas can be erratic
    The Casino on Mars
  • But if we view crypto adoption as partly a social coordination game, then choosing the optimal time horizon can be a prisoner’s dilemma. We might all reach a more inspiring endgame by collectively thinking longer term.
    The Casino on Mars
  • Short-term speculation is also a zero-sum game,
    The Casino on Mars
  • Innovation depends on capital and labor applied to worthy experiments. Too much speculation, airdrop farming, and other shenanigans add noise to the price signal that would otherwise inform productive innovation. Even the most well-meaning entrepreneurs can be tricked by fake prices or distracted by short-term profits, ultimately slowing down the process of building what crypto actually needs.
    The Casino on Mars
  • Speculation within crypto helps drive attention and awareness, investment dollars, talent inflows, infrastructure building, academic research, incumbent adoption, and more.
    The Casino on Mars
  • Although crypto may have benefits, is all this speculation necessary? It turns out that speculation is not just necessary but also productive.
    The Casino on Mars
  • I want to start off with my usual caveats: I’m not active in the stock market; I merely watch it as the best barometer of investor psychology
    Is It a Bubble?
  • Take regular shorter breaks to recharge (once a quarter)
    Rest. I recently finished reading Rest and… | by Brian Armstrong | Medium
  • Take a walk by yourself for an hour with no agenda other than to think on particular problem
    Rest. I recently finished reading Rest and… | by Brian Armstrong | Medium
  • Top performers think consciously about periods of rest, and constantly seek to improve in this area.
    Rest. I recently finished reading Rest and… | by Brian Armstrong | Medium
  • Rest is very different from idleness. You may be running marathons, climbing mountains, reading/painting/traveling/welding/coding for 12 hours a day. But if it is different from your normal work, it is rest, giving your subconscious mind time to think.
    Rest. I recently finished reading Rest and… | by Brian Armstrong | Medium
  • I enjoyed hearing about the study comparing people’s ability to solve creative problems while seated, walking, or in nature. (Spoiler: walking produces the best results, and when researchers want test subjects to experience nature without walking they take you outside in a wheelchair!).
    Rest. I recently finished reading Rest and… | by Brian Armstrong | Medium
  • Marketing focused CEO You’ll spend your time telling your company’s message (over and over again) to employees, candidates, media, government, and the world to create the change you want to see in the world. You inspire.
    What CEOs Do. Sometimes people ask me about what the… | by Brian Armstrong | Medium
  • More importantly, it was better to double down on your strengths rather than trying to be something that you’re not.
    What CEOs Do. Sometimes people ask me about what the… | by Brian Armstrong | Medium
  • What would the next iteration of ICOs look like that was legitimate and trusted? Imagine some combination of Stripe Atlas and AngelList in Web 3, that not only helped you register your company or idea (in each country, by filing paperwork, or as a DAO, pseudonymously), but then also helped you raise money for your idea. Each idea could have a pitch deck or video, discussion and ratings, the reputation of participants, and a transparent flow of funds on chain. Democratizing fundraising could unlock tremendous latent entrepreneurial energy across the world.
    Request for Builders: Startups I Would Build Today
  • Democratizing fundraising could unlock tremendous latent entrepreneurial energy across the world.
    Request for Builders: Startups I Would Build Today
  • It’s useful to think of crypto as a new planet that’s being settled. Skeptics see a desolate planet without purpose. Or worse, a haven for an unsavory casino. Optimists see the planet’s potential: a blank slate on which we can build an upgraded financial system and internet platform.
    The Casino on Mars
  • “Crypto is the last remaining engine of social mobility in a collapsing system.”
    GRITCULT on X: "Crypto's Casino Problem Isn't What You Think " / X
  • First time in history, anyone can: raise capital globally without a bank custody their wealth without a state build a business that settles globally join a global financial liquidity network from a broken country
    GRITCULT on X: "Crypto's Casino Problem Isn't What You Think " / X
  • raise capital globally without a bank
    GRITCULT on X: "Crypto's Casino Problem Isn't What You Think " / X
  • “Crypto will disrupt money, then companies, then countries.”
    GRITCULT on X: "Crypto's Casino Problem Isn't What You Think " / X
  • Jack spends each moment of his actual reality in one unremarkable Today pixel or another. Jack’s error is brushing off his mundane Wednesday and focusing entirely on the big picture, when in fact the mundane Wednesday is the experience of his actual life.
    Life is a Picture, But You Live in a Pixel — Wait But Why
  • “from field studies to laboratory studies, we see that winning or losing an election, gaining or losing a romantic partner, getting or not getting a promotion, passing or not passing a college test, and on and on, have far less impact, less intensity, and much less duration than people expect them to have
    Life is a Picture, But You Live in a Pixel — Wait But Why
  • Your words shape not only how you see the world, but also how other people see it and position you within it. Narrative is your shortest path to bending reality.
    Life lessons after one year at Rostra
  • The increasing acceptance of Bitcoin, Ethereum, and Solana as monies within their respective communities have shown how it’s indeed possible for crypto currencies to become accepted as monies.
    Web4: Social Monies