BitClout is creating a new category—most just don't see it yet.
As with any early-stage, radically different, boundary-pushing project, Twitter is already calling BitClout a "scammy" project, and a "Black Mirror episode" manifested.
Here's what I see instead 👇
1/ Quick TL;DR history
BitClout is a super-stealth blockchain project where people can buy, sell, and trade Creator Coins—coins that represent the perceived value of a creator.
- @elonmusk has a coin
- @chamath has a coin
- As of today, I have a coin
Anyone can have a coin.
2/ Rumor has it there are some pretty big players involved (I won't name names yet), and BitClout has srs VC backing.
Like most high-flying projects that catapult out of Silicon Valley's elite network, BitClout has also been built & launched in 100% stealth mode.
Not Googleable
3/ Here's why BitClout is so different
Earlier this year, I was FASCINATED by the $GME story that unfolded (and is still unfolding). It showed 1) the power of retail traders, and 2) new asset class = "meme stonks."
4/ Funny enough, "meme stonks" have been around forever.
Dot-com companies in the 90s going public off Internet hype were meme stonks. Same w/ early-stage crypto projects 2014+.
Investors, whether they admit it or not, don't ALWAYS bet on business fundamentals.
5/ BitClout is Naming & Claiming a new category of assets:
Social Currency.
How did we get here?
V1: If you want to bet on (or bet against) the future earnings/value of a company, commodity, or basket of assets, you do so on a stock exchange.
6/ V2: If you want to bet on (or against) the future earnings/value of a company, etc., FROM YOUR PHONE, w/ $0 fees, you do so on Robinhood.
7/ Now, with the rise of NFTs, if you want to bet on (and eventually, against) the future earnings/value of an ARTIST, you can do so on platforms like @withFND, @nbatopshot, @opensea, and so on.
So, here are 7 actionable ways to achieve that goal to produce that outcome 👇🏼
1/ Create without expectation
People can sense your intentions. And if your intention is to “build an audience” to quickly extract ($$$) value, you will repel more than you attract.
Give generously. Expect little in return.
2/ Keep your promises
If you say you’re going to write something new every day, do it. Show up. Let your actions speak louder than your words/promises/public announcements.
1. Write Atomic Essay 2. Post image on Twitter 3. (Bonus) Copy/paste text as thread 4. Find relevant Question on Quora. Copy/paste Atomic Essay + image. 5. Copy/paste again on Medium. 6. Again on LinkedIn 7. Win
Guide below ✍️🚢👇
Step 1: Write Atomic Essay
I really enjoy writing right inside the Figma template. It helps give me a good sense of exactly how much "real estate" I have/have left before my time us up and I'm out of space.
Once finished, I export the image and send to my phone on Slack.
Step 2: Post image on Twitter
Before I publish my Atomic Essay on Twitter, I use the Edit/Photo Markup function on the iPhone to highlight standout sentences.
These are usually power-phrases: things the reader skims and thinks, "That's interesting," prompting them to read more.
💸 The 5 Revenue Streams Every Writer Should Build For Themselves 💸
Today I have ~9 different revenue streams for myself, but these 5 are the big ones that have fueled my career for the past 5 years (and allowed me to quit my 9-5 & go all-in on writing) 👇🧵
1/ Writing as a service
This is without question the easiest revenue stream to build, and where most writers start.
The first big jump in my income as a writer came from ghostwriting. Once you learn how to provide writing as a service (and get paid $$), you're off to the races
2/ Write books/guides/etc.
My 2nd paid product online was a $30 "How To Become A Top Writer On Quora" course. My 1st was a eBook series called "Skinny to Shredded."
Create assets that can be sold infinitely at scale. Small numbers ($$$) add up over time.