*cough*

Not one day passes in the crypto world without drama.
Fundamentally, I do think it’s the right decision for Tesla, which is on a mission to push Earth towards zero carbon emissions.

But what’s beyond me is that it isn’t like they didn’t know about bitcoin related emissions earlier.
Frankly, wouldn’t be surprised if Musk announces TeslaCoin or SpaceXCoin (or something similar) soon.
This is the most logical explanation for why Musk did this. (via news.ycombinator.com/item?id=271357…)

Goes on to show that, like gold, bitcoin is NOT useful as a currency.

It fluctuates far too much to build a stable business around.

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More from @paraschopra

13 May
What you build your business on doesn’t limit how big it can grow.

(a 🧵 on this mental model) Image
1/ Can an app built on top of Facebook become bigger than Facebook itself?

It’s easy to believe that you will get limited by how big is the businesses on which your business is built. But that’s not true.
2/ An app built on top of Facebook can become bigger than Facebook because the customers and desires that Facebook serves are very different than customers and desires that the business that’s built on Facebook is trying to serve.
Read 14 tweets
12 May
Hinting at the perceived sluggish rate of innovation in recent decades, Peter Thiel famously said that “we were promised 🚀 flying cars and all we got is 140 characters”.

But is it true?

In my next podcast, I pick @ArtirKel's brain on whether progress is slowing down.
Check out the full podcast here:

(Or search for "Bold Conjectures" in your podcast app)
@ArtirKel is an independent researcher who likes to get into details of things.

On his blog nintil.com, among a wide range of topics, he writes about how science is done, advances in human longevity research, economics and innovation.

Check out what all we cover.
Read 5 tweets
8 May
Difference between wealth and money.

(a short 🧵 thread)
1/ As the oxygen crisis during 2nd covid wave in India has reiterated,

wealth = *stuff* we want
money = *numbers* in our bank
2/ Being wealthy is a matter of priorities, while being rich is a matter of luck and hard work.
Read 10 tweets
6 May
I know some elder relatives of my friends have refused to get vaccinated and now they’re falling sick and a few have passed away.

Feeling sad because these sicknesses and deaths were largely preventable only if they had not fallen for the misinformation around vaccines.
Media is largely to blame for this.

They hyped up rare cases to scare people, and did not do enough to convince people that vaccines will save their life.
Unfortunately, I don’t see how this’ll change.

Media always optimizes for hype and people who fall for it keep propagating the hype, until it becomes indistinguishable from truth.

Read the research findings and think critically. It can save your life.

We’re really on our own.
Read 4 tweets
1 May
What if everything is conscious?

In the episode of my 🎙️ podcast, I and @Philip_Goff explore the absolutely crazy but increasingly popular view that everything in our universe is conscious (panpsychism).
If you have an hour to spare this weekend, listen to the podcast below.

The podcast largely covers @Philip_Goff's book: Galileo's Error: penguinrandomhouse.com/books/599229/g…

I absolutely loved reading the book.
Read 5 tweets
29 Apr
Find partners who can grow their business by building on top of your business.

(a 🧵 thread on this mental model)
1/ No business delivers value to the end customer all by itself. In reality, a business does very few things within its boundaries.

Everything else must come from other businesses: from renting servers on AWS, leasing offices, advertising on Google & buying laptops from Dell.
2/ Most of the time, such dependencies emerge naturally and evolve without any conscious effort.

However, sometimes some business dependencies can (and should) be deepened explicitly through partnerships.

invertedpassion.com/all-startups-b…
Read 15 tweets

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