Read on Twitter
1/
6 months ago, I didn't have the simplest idea of what a blockchain was.
This week, I've officially taken the plunge to work full time @DeFianceCapital.
Here are a few thoughts from a newcomer to the wild wild land of crypto.
6 months ago, I didn't have the simplest idea of what a blockchain was.
This week, I've officially taken the plunge to work full time @DeFianceCapital.
Here are a few thoughts from a newcomer to the wild wild land of crypto.
2/ Like so many of you here, my innocent curiosity of this new Internet money quickly evolved into a fully encapsulating mind consuming obsession.
I fell down the classic crypto rabbithole and for the first time in my life, discovered a fire ignite within me.
I fell down the classic crypto rabbithole and for the first time in my life, discovered a fire ignite within me.
3/ Frontier tech + Liquid Small Cap Pseudo Equities = Potential for reasonably sized house(s?)
Reflecting on my experiences so far, there are several takeaways on intrinsic motivation, game selection and DeFi that may be of interest to you.
Reflecting on my experiences so far, there are several takeaways on intrinsic motivation, game selection and DeFi that may be of interest to you.
4/ On Following Your Passion
Few people in the world are truly satisfied in their careers. If you find that your passion can potentially be a career, go for it. Don't settle for less.
You won't regret it if it fails, but you will regret not trying.
Few people in the world are truly satisfied in their careers. If you find that your passion can potentially be a career, go for it. Don't settle for less.
You won't regret it if it fails, but you will regret not trying.
5a/ On DeFi's Risk/Reward
Every decade breeds a new way to earn multi-generational wealth:
1980s - Private Equity (KKR/Blackstone)
1990s - Stock Broker (Wolf of Wall Street)
2000s - Big Tech (FB/AMZN/BABA)
2010s - App Layer Tech (Uber/Tinder/WeChat) https://twitter.com/santiagoroel/status/1322409403685822466?s=20
Every decade breeds a new way to earn multi-generational wealth:
1980s - Private Equity (KKR/Blackstone)
1990s - Stock Broker (Wolf of Wall Street)
2000s - Big Tech (FB/AMZN/BABA)
2010s - App Layer Tech (Uber/Tinder/WeChat) https://twitter.com/santiagoroel/status/1322409403685822466?s=20
5b/ In 2020s - the single biggest +EV bet will be on blockchain related applications (BTC/DeFi/NFTs)
Rarely have macroeconomic conditions and frontier technology come together to construct a perfect narrative.
We are witnessing it in crypto today; And this is just the start.
Rarely have macroeconomic conditions and frontier technology come together to construct a perfect narrative.
We are witnessing it in crypto today; And this is just the start.
6/ On DeFi's correction
As DeFi prices across the board capitulate (~50-90% from Q3 ATH), note that TVL within the ecosystem has in fact remained stable (~US$11.2bn) from ATH
Capital is here to stay and I remain bullish for the LT.
As DeFi prices across the board capitulate (~50-90% from Q3 ATH), note that TVL within the ecosystem has in fact remained stable (~US$11.2bn) from ATH
Capital is here to stay and I remain bullish for the LT.
7/ On Market Volatility
Unfortunately for someone discovering DeFi in July 2020, you can imagine what my PnL looks like.
Dealing with losses is never pleasant, especially when prices tug at you 24/7. However it's all part of the game.
Know the rules, take the L and move on.
Unfortunately for someone discovering DeFi in July 2020, you can imagine what my PnL looks like.
Dealing with losses is never pleasant, especially when prices tug at you 24/7. However it's all part of the game.
Know the rules, take the L and move on.
8/ On CT
CT is the greatest platform for independent learning. Following/engaging thought leaders with different perspectives have shaped my views profoundly.
What better place to test your thesis than against the best and brightest in the space?
CT is the greatest platform for independent learning. Following/engaging thought leaders with different perspectives have shaped my views profoundly.
What better place to test your thesis than against the best and brightest in the space?
9/ On BTC Maximalism
This one puzzles me. Why do maximalists believe it is beneficial to shit on other blockchain projects?
In particular, I think the BTC and DeFi narratives can feed on each other to form a positive feedback loop.
Let's move this space forward together.
This one puzzles me. Why do maximalists believe it is beneficial to shit on other blockchain projects?
In particular, I think the BTC and DeFi narratives can feed on each other to form a positive feedback loop.
Let's move this space forward together.
10/ Finally, I’m immensely appreciative to @Arthur_0x for giving me a chance and taking a bet on me.
Even through this DeFi drawdown, I’m more optimistic than ever. The journey has just started – and I cannot wait to go further down the DeFi rabbithole with all of you.
LFG.
Even through this DeFi drawdown, I’m more optimistic than ever. The journey has just started – and I cannot wait to go further down the DeFi rabbithole with all of you.
LFG.
