I've been thinking a lot about what is actually happening in these markets since getting to NY.
Some new things have clicked and become really undeniable with being here, it has just been fas...
How do you spot a fake in culture, in tech, and in markets of all kinds?
A great place to start is corporate simpdom and the symptoms of central control.
Before the hea...
Tech Bros suck.
There is just no other way around it. Sorry to be so blunt.
But seriously, it seems that for the past 10-20 years, give or take, complaining about ...
TLDR; probably not. You can go home now.
But, for those still here, let’s see what the prospects are.
High yield arbitrage is so much cooler and tastier than just swapping seeds for other seeds forever.
If you think seed 2 s...
Who benefits most from timing the right moment, right from the start, to race for the exits?
The hint is in the title of this Letters to a Young VC series. Of course, i...
I just watched Rounders for the first time, catching up to the insider linguistic tricks feels long overdue. Like how loan shark copycat financiers saving so much fictional wealth for the s...
…You seem to have confused the value of liquidity in an artificially scarce market with the work founders, creators, engineers and others who take on the majority of the risk do to actua...
With real web3 in full effect, founders no longer ...
Why do VCs do VC?
Get bags, have fun, be savvy.
So, why does being a gardener of CC0 ecosystems give VCs a better path out of VC?
Better bags, mo...
Amplifying the delta between load and effort for more savvy cash.
At some point on every journey towards the hope of more savvy bags, one has to put aside the theatrics...
What are we talking about when we talk about security?
A family of four walks alone along what they are told is ...
Money is a self perpetuating social convention.
It's no more than a token that we trust will hold value in future exchanges. If buyers and sellers, ports and authorities accept textil...
This letter zeroes in on cryptography and economics.
In the late 80s to early 90s a group of hacktivists, hobbyists, mathematicians, computer scientists and m...
In order to communicate securely the...
From how much appetite you have for uncovering unique opportunities that others don’t d...
It’s actually quite hard to do, given our experiences over the past two decades, where we’ve become conditioned to assum...
We’re now on letter nineteen, and it’s about time that we talked about what actually differentiates assets built for and in web3.
The thing is, we have to be honest with ourse...
Fresh off all the drama and clearly intentionally engineered gas wastage of the behemoth Otherside drop, continued inflation anxiety, Fed basis point jum...
A different medium for this message. Go to chromadin.xyz....
Dear YC Founders,
This letter is a special edition, just for you.
You may not all be VCs yet, but you are certainly in training— conditioned to look for the exits at all times...
Amplifying the delta between load and effort for more savvy cash.
At some point on every journey towards the hope of more savvy bags, one has to put aside the theatrics and mimicry of conventional wisdom and shop instead for insights, a thesis, for mechanisms that amplify gains with greater consistency and more innate coherence.
Imagine if you will, oh savvy bag seeker, shopping in an apothecary of wonders for amplification devices and the simple schematic formulas that handcraft them for market makers like you.
In these made to fit market devices, more cash comes from significantly decreased effort in relation to equal or higher productive loads, which can only be recognised by the savvy.
What do we mean by effort and load? Effort is exactly what you might think it is –– how much force you have to put into a thing in order to get something worthwhile back. Load is a lot more interesting. It’s how much the thing you are trying to do has to maintain before it collapses. It describes the capacity for gain.
Increasing your capacity for gain whilst decreasing the effort you have to put in to get it leads to a very obvious place –– more cash comes out of the mechanism that lets you do this.
It comes from a very similar formula for the mechanical advantage presented by any lever. In other words, how a lever is able to amplify its carrying capacity with reduced work put in.
The implications of this are not so obvious because of this, when we say that content is the new cash under very specific circumstances, it is real in a way that carries its own weight. It means more than the usual empty claim or paper decree.
The technical thing that is happening here, in devices that express this formula, is that their elastic limit, or yield stress, increases often drastically.
How we represent that as cultural creatures, is to fill the load capacity with content. The content that performs best in line with maximising the conversion of capacity into gains, is the most inherently far reaching growth orientated and catalytic content for reducing effort near or beyond 0 and spreading reach far and wide.
This mechanism secured within decentralised technology, represented by an NFT, operates through four component gear functions, from how it provides extensive room for the continuous supply of source material, to its defense of creators from malignant concentrations of power left over from decrepit and ancient legacies of outdated systems, to the the accelerated and precociously networked flourishing of derivative works with celebrated value, and to, the guest of honour for this entire letter: amplification in device form.
This simple to some, not so much to others, seeming set of mechanisms even take on more of a life of their own as they leap from screens into IRL visual projections within immersive spaces that themselves act as further amplification devices. Turn by turn, these device grinding mini apes 🙊 give everyday VCs the means to transition from entirely chance based local games to skill based non-local games in a contra-casino garden model.
The practice of these games paints through pointillism the recursive waves of our Amplification Coefficient.
But, “how do you actually practice?”, the savvy might ask.
It’s not quite “make good art”, but almost like it:
Make fabrics of the culture and principles that otherwise are lost to the void of no audience when everyone has an audience too loud to give real attention to through web2 social media.
Make fabrics of our art, culture, principles, and the code itself that enables these decentralized technological revolutions in commerce and society
Make apparel of these fabrics, physical and digital, minted as NFTs with many layers of factorial decentralization.
Amplify these made goods and the messages they carry through immersive meta-experiences, IRL & everywhere.
Make yourself a student of the game and keep studying if these schematics don’t reach a fully grokked level yet. And of course, no matter what comes, keep crafting.
I moved around a lot, I’m used to rame...
Prospecting drilling between the liquidity and lack of substance for some life giving thing— liquid gold, fresh water, magic...
There’s no kind of right way to do what I do. Feeling out of place, like a live in outer ...
Intellectual curiosity for this midtown magic.
The liminal watercolor of magic that happens between those two. They are showing t...
I can’t be sure.
Freestyle is an art form. Beyond coming prepared and spitting pre-written verses.
No ...
A written appropriation of videos, visual insights and anchors for how to make it in web3, not lose your shoes, your shirt, your soul.
...
Synthetic Futures
Time to help others with the outbreak. Not out of danger yet.
Emancipa
And there’s no point raising problems with people who don't learn how to understand them, in a system that wasn’t built for you, and still isn’t..
Dhäwu
A fragment of languages that shouldn’t have survived— but did.
Cuntism
Strayan Social Disease: Whinging, Advanced Wankerism, Cuntishness and some good old Terminal Tall Poppy.