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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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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jer979The Wall of Debt
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jer979The Wall of Debt
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The thing that scares me about the following analogy is that I can’t tell how much of my ego is intertwined with it.
On the one hand, it would prove that I was right about fiat and crypto.
On the other hand, I kind of don’t want to be right about it because of the pain and suffering that is going to come with it.
But just because I don’t want to be right doesn’t mean I’m not.
Here’s the analogy.
Right now, sovereign governments are sitting on a pile of debt. That debt amount is increasing as interest rates go up, particularly hitting hard those countries that are not the US.
But the US isn’t immune as we head towards the “doom loop.”
I see all of this debt as like a reservoir behind a great dam that is holding the entire fiat system together.
Every so often, it feels like there’s another crack in the dam, be it “printing by another name” by the Bank of England or the Credit Suisse issue or the UN warning the Fed about the impact of rate raises.
For now, the dam is holding, but I look at all of the signs and I can’t help but thinking that it’s a matter of time.
I just got a bit scared.
I was talking about this with a knowledgeable friend the other day and I asked him how come no one sees this or is talking about it.
His answer was: “they think it can’t happen here. This is the US, after all.” But then he continued,
“just because it hasn’t happened here, doesn’t mean it can’t happen here.”
The thing that scares me about the following analogy is that I can’t tell how much of my ego is intertwined with it.
On the one hand, it would prove that I was right about fiat and crypto.
On the other hand, I kind of don’t want to be right about it because of the pain and suffering that is going to come with it.
But just because I don’t want to be right doesn’t mean I’m not.
Here’s the analogy.
Right now, sovereign governments are sitting on a pile of debt. That debt amount is increasing as interest rates go up, particularly hitting hard those countries that are not the US.
But the US isn’t immune as we head towards the “doom loop.”
I see all of this debt as like a reservoir behind a great dam that is holding the entire fiat system together.
Every so often, it feels like there’s another crack in the dam, be it “printing by another name” by the Bank of England or the Credit Suisse issue or the UN warning the Fed about the impact of rate raises.
For now, the dam is holding, but I look at all of the signs and I can’t help but thinking that it’s a matter of time.
I just got a bit scared.
I was talking about this with a knowledgeable friend the other day and I asked him how come no one sees this or is talking about it.
His answer was: “they think it can’t happen here. This is the US, after all.” But then he continued,
“just because it hasn’t happened here, doesn’t mean it can’t happen here.”
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