jer979Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...
jer979Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...
jer979Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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www.twitter.com/jer979
jer979Purpose Struggle
Yesterday, I decided that my blogging career should come to an end. I was doing myself a disservice. I told myself that the goal of the posts was to dig deeper, peel back the layers, get down to the core. But by publishing online (or on-chain as the case may be), I was subconsciously writing for others, even if I told myself that I didn't care if others read. So, in an effort to be more authentic, I figured I'd stop publishing and start doing a private journal. Within 2 hours of that decision...
jer979Value. Happiness.
I feel happy. It's fun, it's light, like a feather floating at the beginning of Forrest Gump. But, like the feather, it's not grounded. It can flitter and float away. Value is also ephemeral. We know it when we see it. We feel it, somewhere deep inside. Something connects to us, saying "yes, this is worth it." The "it" that it's worth is energy. Energy in the form of time, attention, money. The things of which our possession is limited. There's a reason why all the great traditions point to "...
jer979Coffee with AI
Every day for the past month, I’ve had a coffee date with AI. I literally sit down, with a cup of coffee, with an appointment on my calendar that says “coffee with AI”. During that time, AI (I’ve used ChatGPT, Gemini, Perplexity, Claude, and Venice) and I literally have a chat, the way I would with a friend. It’s not “write this letter for me” or “do this or that.” No, it’s a chance for us to have a conversation about whatever topic I want. Many days, recently, at least, it’s been about quant...
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I sent a letter to the editor of the WSJ the other day, following up on the article about DeFi’s “Existential Problem.”
I’m glad I did.
My first draft was too wordy and a bit clunky, but as I refined it, the ideas started to take shape.
The basic point I was trying to make (not publishing it here b/c I don’t want to blow what little chance I have of it getting printed) was that Crypto/blockchains are like the Internet in that both are platforms for new business models.
I’ve said this thousands of times before, but, for some reason, this time, things started to come into focus a bit more for me.
The more I grapple with an idea, the better. Of course, there’s always the risk that I fall in love with an idea, thinking it’s a breakthrough, only to be told that it’s obvious to others.
But that doesn’t matter. What matters is that it became more and more clear in my head.
I’ve used the terms “platform” and ‘innovations” tens of thousands of times, but for some reason, writing that letter, gave me the strongest mental visual I’ve had.
And it reinforced for me that we’re on to something big.
Once upon a time, building a website was really expensive and time-consuming.
Then, cloud service providers came along and it became a question of “plugging into the Internet” to get the back-end services that you need.
Today, setting up your own financial services company is really expensive. Tomorrow, it’ll be “plugging into the Internet.”
Also it costs a fortune to run a small bank. That's why I never really made any money. The compliance costs are outrageous.
— Peter Schiff (@PeterSchiff) July 4, 2022
I sent a letter to the editor of the WSJ the other day, following up on the article about DeFi’s “Existential Problem.”
I’m glad I did.
My first draft was too wordy and a bit clunky, but as I refined it, the ideas started to take shape.
The basic point I was trying to make (not publishing it here b/c I don’t want to blow what little chance I have of it getting printed) was that Crypto/blockchains are like the Internet in that both are platforms for new business models.
I’ve said this thousands of times before, but, for some reason, this time, things started to come into focus a bit more for me.
The more I grapple with an idea, the better. Of course, there’s always the risk that I fall in love with an idea, thinking it’s a breakthrough, only to be told that it’s obvious to others.
But that doesn’t matter. What matters is that it became more and more clear in my head.
I’ve used the terms “platform” and ‘innovations” tens of thousands of times, but for some reason, writing that letter, gave me the strongest mental visual I’ve had.
And it reinforced for me that we’re on to something big.
Once upon a time, building a website was really expensive and time-consuming.
Then, cloud service providers came along and it became a question of “plugging into the Internet” to get the back-end services that you need.
Today, setting up your own financial services company is really expensive. Tomorrow, it’ll be “plugging into the Internet.”
Also it costs a fortune to run a small bank. That's why I never really made any money. The compliance costs are outrageous.
— Peter Schiff (@PeterSchiff) July 4, 2022
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