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Taylor Pearson @TaylorPearsonMe
, 3 tweets, 1 min read Read on Twitter
Strongly disagree.

This is the high modernists's delusion playing out yet again - taylorpearson.me/illegible/
2/ Forking is a feature, not a bug.

Bitcoin is a great example of worse is better - gwern.net/Bitcoin-is-Wor…

The ability to fork is a big part of that.
3/
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Putting together my presentation for the annual review workshop @fortelabs and I are hosting tomorrow and just wanted to share a couple of the things I've found most helpful this year.
One of the themes I repeatedly compe back to is @SPressfield's idea of "the Resistance" - that which you are most afraid of is that which you most need to do.

Thinking through where "The Resistance" is for me often tends to be the best indicator of what I need to work on
The other principle I think a lot about is Vertical coherence. Can I connect how the things I am doing on a day-to-day basis reflect my values and long-term hopes/goals?

When I am "in coherence" I find that I am much more motivated and effective.
Read 7 tweets
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1/ One of the books I looked over before doing my annual review is Seneca's On The Shortness of Life. A thread with a short summary and some favorite quotes:
2/ On the Shortness of Life (De Brevitate Vitae) is an essay written by Seneca the Younger, a Roman Stoic philosopher, sometime around the year 49 AD, to his father-in-law Paulinus.
3/ Seneca’s main point is that nature gives people enough time to do what is really important and the individual must spend the time properly, but most people fret it away.
Read 20 tweets
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1/ I have a list of half a dozen books that I like to review at the end of the year. One of them is Viktor Frankl's Man's Search for Meaning. A thread with a summary and some of my favorite quotes
2/ Man’s Search for Meaning is part memoir of surviving a concentration camp and part explanation of what Jewish psychoanalyst Viktor Frankl learned from the experience, formalized in his theory of logotherapy.
3/ While he was in a concentration camp, Frankl saw that everything can be taken from a human but one thing: the ability to choose one’s attitude.
Read 21 tweets

Related threads

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1/ Most people think #Bitcoin’s PoW is "wasteful." I explore how everything is energy, money is energy, subjective use of energy, and PoW's costs relative to existing governance systems

For a deeper dive, my Medium post: medium.com/@danhedl/pow-i…

TL;DR - check out this thread 👇
2/ The idea of “work” being energy started when the French Mathematician Gaspard-Gustave de Coriolis introduced the idea of energy being “work done.” A long time ago, the work done in the economy was entirely human. That work was powered by food.
3/ Thousands of years ago, our energy usage increased when we domesticated animals which could labor in our place. Those new laborers also had to be fed. Large amounts of food were required to meet the energy demand, and our prosperity increased alongside.
Read 25 tweets
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A thread on why #bitcoin's value proposition might still not be priced in by investors:
1) Bitcoin is currently the only viable candidate for a non-sovereign store of value, but it seems that it's still massively underpriced. This under-appreciation of bitcoin might be the result of how investors evaluate cryptocurrencies.
2) Many tech investors analogize between existing tech companies/platforms and cryptocurrencies. They assume that most value will accrue to platforms and extrapolate the properties of platforms, such as AWS or iOS, to smart contracts platforms, such as ETH or EOS.
Read 13 tweets
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Just finished reading the "The Bitcoin Standard".
Thank you @saifedean for such a wonderful book! ⚡️

Here are some of the passages I highlighted whilst going through it:

#bitcoin
1/ "...a slow drain of its monetary value over time will slowly transfer the wealth of its holders to those who can produce the medium at a low cost". (on trade / aggry beads and early European exploitation of African resources)
2/ "With money so unreliable and debased, speculation in commodities became far more attractive than producing them". (on the collapse of Rome)
Read 14 tweets
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1/ Altcoins compete on *claims* of complex features, but that's a losing model, because with time new complex feature ideas will become popular.

The real challenge is to create simple, robust and unchangeable features like #bitcoin.
2/ The short history of the #BitcoinEra has shown altcoins' claims of complex features are a dime a dozen. Popular features come and go, or evolve into yet new features.

By the time your altcoin has built a working network, its feature list is passe.
#bitcoin
3/ #Bitcoin, on the other hand, does a few things very well, and provides a space for people/businesses/apps to capitalize on those unchangeable strengths of its system.
Read 12 tweets
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Starting today's #Bitcoin news thread...

Remember you can find the newsletter, YouTube, and SoundCloud links to the Daily Bitcoin Recap at kyletorpey.com
US Treasury Secretary Warns Against Bitcoin Becoming the Next ‘Swiss Bank Account’

🤔Wonder if he knows that's the whole point.

bloomberg.com/news/articles/…
The Bitcoin Investment Trust will undergo a 91-for-1 split on Jan. 26. That’ll turn the 1.9 million shares currently outstanding into a whopping 174.4 million. It will cut the stock price from around $1,950, where it currently sits, to roughly $21. bloomberg.com/news/articles/…
Read 34 tweets

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