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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jer979T + 2...Ugh
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jer979T + 2...Ugh
I placed a trade the other day in a traditional brokerage account.
The next day, I went into move the cash.
But the cash wasn’t there.
Neither was the stock.
This is the “T+2” problem of traditional finance.
It used to be a “T+3” problem, but hey, there’s improvement.
The T stands for “trade” and the +2 is the number of days after the trade when you actually can make use of your funds.
You’d think it’s instant, but because there are many ledgers across many financial institutions that all need to be updated, it takes 2 more days.
That’s 2 days when you aren’t able to use your money or deploy it to a better yielding opportunity.
That costs you money.
Add that up across everyone and you start to see the hidden costs of the current financial system.
I know crypto is getting a bad rap these days. Some of it is fair. Some not.
But crypto fixes this and that’s going to be make everyone (well, except for the banks and brokerages), better off.
I placed a trade the other day in a traditional brokerage account.
The next day, I went into move the cash.
But the cash wasn’t there.
Neither was the stock.
This is the “T+2” problem of traditional finance.
It used to be a “T+3” problem, but hey, there’s improvement.
The T stands for “trade” and the +2 is the number of days after the trade when you actually can make use of your funds.
You’d think it’s instant, but because there are many ledgers across many financial institutions that all need to be updated, it takes 2 more days.
That’s 2 days when you aren’t able to use your money or deploy it to a better yielding opportunity.
That costs you money.
Add that up across everyone and you start to see the hidden costs of the current financial system.
I know crypto is getting a bad rap these days. Some of it is fair. Some not.
But crypto fixes this and that’s going to be make everyone (well, except for the banks and brokerages), better off.
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