Avatar
chowcollection
dedf91f5c5eee3f3864eec34b28fc99c6a8cc44b250888ccf4d0d8d854f48d54
Transcribing Bitcoin Podcasts - chowcollection.medium.com Supporting Living Artists - chowartfund.wordpress.com Sharing New Music From Japan - tiktok.com/@stephen___chow

Michael Saylor: I think most people suffer because they just don’t focus. Like, you’ve got to figure out — I think the big risk in this world is there’s too much of everything. Like, you can sit and watch chess videos 100 hours a week and you’ll never get through all the chess videos. There’s too much of every possible thing, too much of every good thing. So figuring out what you want to do — and then everything will suck up your time, right? There’s a hundred streaming channels to binge watch. So you gotta guard your time and then train your body, train your mind, and control who’s around you, control what surrounds you. So ultimately, in a world where there’s too much of everything — I mean I’ve got a thousand opinions we could talk about and I could pursue a thousand things, but I don’t expect to be successful, and I’m not sure that my opinion in any of the 999 is any more valid than the leader of thought in that area, so how about if I just focus upon one thing and then deliver the best I can in the one thing — that’s the laser eye message. The rest get you distracted.

https://chowcollection.medium.com/michael-saylor-bitcoin-inflation-and-the-future-of-money-lex-fridman-podcast-276-ffe53a68ec

Replying to Avatar Guy Swann

• Still in the fiat culture mindset

• Sees a new “gadget” or tech startup that has a strong network effect (in their eyes, just like decades of other platforms & networks they’ve seen succeed in SV)

• Doesn’t learn anything about money that changes how they think or makes them question their cultural values. Instead all the “use cases” of all this “great tech” actually reinforces that their cultural mindset is correct

• Exorbitant amounts of money to be made in very short time spans. Fiat VC space already taught them to project hop instead of invest, while tokens let them do this even more frivolously. They can jump from project to project without caring at all or seeing anything concrete ever come to fruition. They “invest” in an idea, pure hopeful fantasy, profit hugely from the hype of other people also loving that fantasy, then move to the next idea without ever doing anything of real value. It *strengthens* the fiat mindset, it doesn’t contradict it.

• Then after they make money, they hear “Bitcoin Maxis” tell them that what they are doing is immoral and that their values are horrible. Which causes resentment

• The longer they do it, the deeper they get, & the more painful it is to even consider that they may have taken a very bad, shallow, & meaningless path that’s caused actual harm to millions of people. The longer they stay, the more resentful they get & the more they hate and dismiss those who tell them the absolute last thing they want to hear: that just a couple of their fundamental premises are wrong, & it makes the “tech” they are SO excited about… basically useless, & it reveals their personal values to be rotten to the core.

Not exactly something I would want to face either after 12 years. 🤷🏻‍♂️

I think about this quote a lot:

“All of humanity's problems stem from man's inability to sit quietly in a room alone.” ― Blaise Pascal

Something that I notice about people like this is that they are incredibly BUSY. Their schedules are 100% full, they have a hundred projects lined up that they want to look at next, and there’s no time dedicated to reflection about what they’re doing or why they’re doing it.

🤷‍♂️

lnbc10n1pjpr6rqpp54c3qpsxug026h8nr80nq0lghdr6wc6uk34c88wqsq003w3tuae9qdqvtfz5y32yg4zscqzpgxqzjcsp50e56kqlj9p299wg9u2aldpy756nry6xnsttjlwy968fkc0hl9teq9qyyssq62u5h3gekh5aqrvkjp3qz3y2025thlvfn9lphdqz0u8pfya325axxf3ye0cj02eav2apahr4a4rq2ca0wnayvvxq7tgw9xu3zmfxfgqp73w8hw

“We don't get a chance to do that many things, and every one should be really excellent. Because this is our life. Life is brief, and then you die, you know? So this is what we've chosen to do with our life. We could be sitting in a monastery somewhere in Japan.”

— from Steve Jobs speaks out, Betsy Morris, Fortune, 7 Mar 2008

Replying to Avatar Evan

👴🏻

Still more advanced than Twitter!

Very much so! But I’ll experiment with turning on a few public ones again

“Every successful entrepreneurial act improves the Bitcoin economy and attracts more people in, thus raising the value of the coins. Each new service benefits everyone else who is already invested. Consequently, Bitcoin businesses do not necessarily need to see themselves as competitors to one another. Even if they have the same business model, they both have more to gain from the influx of new users from outside than by taking customers from one another.

Furthermore, the growth of any Bitcoin business is limited ultimately by the growth of Bitcoin itself. Since the number of coins is strictly capped, the currency must grow with its price. This means that few businesses, if any, can be expected to earn a much better return than the coin itself over time. Entrepreneurs should therefore invest in coins, not businesses, because coins are where the profit is.”

— Daniel Krawisz, 2014

https://nakamotoinstitute.org/mempool/the-correct-strategy-of-bitcoin-entrepreneurship/