Level 3 - Virgin DeFi Analyst
WOW - such amount of value and that too from a free substack.
Accurate analysis of how Crypto industry will eliminate (or minimize) the middlemen across all industries (it's a layer worth 10s of trillions of dollars) - and a lot of that revenue will eventually flow to the Crypto tokens
just commenting to say i love you
10/10 article. Great analysis and examples. Perfect balance of text and diagrams.
We are no doubt experiencing inflation. Persistently high inflation means ever increasing price levels. Inflation is the rate of change in price levels so high inflation is a high rate of change and it's clear that that can only happen if there is rapid growth in the money supply.
Right now, everybody spends like a drunken sailor, spending trillions. Discretionary fiscal policy is not good stabilization policy. Fiscal policy has been revived en masse but let's be real that's less about the potency more about fitting into other political objectives. They float the idea of 'infrastructure investments' as that's likely to have some reasonable return on capital but we know the reality is a lot of the money does not go toward that purpose and instead feeds govt bureaucracy.
If you remember nothing else, just know, Savings = investment and investment is the engine of growth. Countries that save more will be richer and grow faster. Also a reason why you don't want to have a huge gov't that eats up all the debt. Also, during financial crisis money's most valued trait is that its a store of value. Since none of these things are really true right now you need to find an alternative.
Set yourself up for success by doing your own research and using the information you have in front of you. Crypto is the only way out and if its not we are so fucked anyway, adapt and give it a go.
This is unreal free content. Sent this to a bunch of open-minded potential Degen Island residents. Hopefully saved them from eating grasshoppers.
Amazing summary. I can't believe this was free. $100 US token paid substack is also a steal -- I would pay at least $1k US tokens per year.
Such high quality work 👏👏 it’s crazy that this is free, and that the paid version is only $10
...are a lot of things in society obvious to autists and not obvious to normal people?
The world doesn't deserve you guys.
Fed can also take money out of money supply if they choose - correct? Different tools are available but they do want their special 2% target (as reflected in their spreadsheets not in what we buy everyday)
>2017, joined the military after getting bored with corporate America
>still have an interest in finance and entrepreneurship so read WSP old blog
>they mention in Triangle Investing on how crypto isn't just a flash in the pan
>fuck it, imma get me some of that LINK
>hodl, still hodling lmao
>turned about $5000 USD token into (lmao not gonna self dox), still hodling. Not enough that I've "made it" by any means, still need to work, but now got breathing room as far as multiple years of living expenses in USD token terms and could throw some into setting up a side revenue stream at some point
>only regret is not buying more but that's all I could scrape together at the time
Now just gotta make a decision on if I harvest SOME profit in a month or two to pay for grad school living expenses. GI Bill pays for tuition but as far as housing, food, etc. Since I'm a full time student, apartments want to see 12 months rent in USD token on a bank statement, which is doable...but that LINK potential tho. Good problems!
Obviously agree with the premise. Came across this interesting blog post regarding the labeling of money supply: https://www.collaborativefund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/. According to this, 80% of new M1 money supply is a re-labeling of M2 accounts. I think the message is still the same.
I love that BTB trying to teach us to fish for ourselves. For a guy who has spent his life studying biology and medicine with zero finance or computer science background what would you suggest to start studying first?
1) finance 101 stuff - basic concepts of how markets work, liquidity, how staking works, CAPM, etc
2) trying to understand the mechanisms behind cryptocurrencies - a strong understanding of how the blockchain works, wtf is a node, how mining works, hash rate, etc
Or if I don’t know those things already at this stage NGMI? Either way I’m having fun so far
Thoughts on storing 6 month savings on Celsius in USDC to earn 10% APY? Or should this be absolutely kept in a traditional US bank account?
How many BTC and ETH do you recommend owning before moving to DeFi protocols?
"one area where we see massive growth: work in anything creative." This resonates a lot with me. In Efficiency, in addition to the 3 talents (intent, synthesis, quant), there's an addition of Artistic call (creative work) - if you're in the top 1% go for it, since winners take it all.
But I guess now with DeGen, you don't necessarily need to be top 1%, because:
- Fewer middle men, direct payment with audience.
- 1000 true fans. you need only an unique/unusual talent stack (top 20% in several skills)
- A niche ecological system where your work can add value, i.e: this Jungle hopefully.
Any thoughts on what the talent stack for Creative work might be, fellow Bow Tied Animals?