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adam ludwin
8,245 posts
- Important difference: 1997: - most have heard of the internet - many invest in internet stocks - everyone’s *using* the internet 2017: - most have heard of bitcoin - many invest in bitcoin - almost no one *using* bitcoin
- Sitting in 45 min of traffic to go to an office for 8 hours is insane Working from home with your kids screaming in the next room is also insane Post-covid solution is probably edge co-working: an office 5-10 min away where you can work quietly but "remotely" with your team
- I wrote a letter to Jamie Dimon (and anyone else still struggling to understand cryptocurrencies) blog.chain.com/a-letter-to-ja…
- 1/THREAD: A few thoughts on “fundamentals analysis” of cryptocurrencies
- Things created during the prior crypto bear market (2014-2016): - Ethereum - Stellar - Lightning - Zcash - Chain ... just to name a few! Bear markets are not only healthy, but necessary, for this grand experiment to have the oxygen it needs to invent and build.
- Figma won because it was a web app. Zoom won because it *wasn't* one. Startup strategy simply isn't generalizable except at the most abstract levels (i.e., "make something people want")
- Cryptocurrency isn't like the internet in 1993 It's Homebrew Computer Club in 1975 Bigger impact, but will take longer, than most think
- I'm starting to think people are into Bitcoin just to make money
- Approx half of the top 20 apps in Education category are now AI cameras that do your homework for you
- If you only cared about crypto/blockchain when prices were high and ICOs were hot, you probably don't really care about crypto/blockchain
- BTC goal: ecommerce Actual use: store of value ETH goal: world computer Actual use: tokens Actual uses both forms of regulatory arbitrage.
