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Trung Phan 🇨🇦 Profile picture
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25 May, 5 tweets, 2 min read
One reason Vitalik created ETH: he learnt the dangers of centralization after World of Warcraft took away his wizard’s powers.

If the game maker (Blizzard) let him be, *it* could have created ETH instead.

Now, ETH ($300B) is 4x $ATVI ($75B)

Lesson: The customer is always right
Here is Vitalik's full origin story. Legendary:

cypherhunter.com/en/p/vitalik-b…
Apologies: Warlock, not Wizard (typo)
Follow @TrungTPhan for other timeless business lessons:
Vitalik clarifies: Warlock powers taken but yearslong blood feud with Blizzard was a joke.

Blizzard still effed up.

(h/t @bagogel)

reddit.com/r/ethtrader/co…

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More from @TrungTPhan

Trung Phan 🇨🇦 Profile picture
27 May
I interviewed trading legend Stanley Druckenmiller, who famously made $1B shorting the British pound ("trade of the century").

Today worth $5B, his track record includes a 30-year stretch returning 30%+ per year (and not a single down year).

Here are 10 investing lessons 🧵
1/ Make concentrated bets in high conviction plays Image
2/ Concentrated bets actually reduce risk Image
Read 15 tweets
Trung Phan 🇨🇦 Profile picture
23 May
Found a great Reddit thread: "What's a rule that was implemented somewhere that massively backfired?"

Here are the best ones 🧵

1/ Alcohol bans at college football games led to increased intoxication problems because fans were getting really drunk before entering the stadium.
2/ "English law in Wales set the death penalty for stealing a sheep. Welshmen caught stealing sheep would claim to be making love to them.

They would get a lesser penalty for beastiality. The consequence of this is Welshmen gained a reputation as 'sheep shaggers'."
3/ In Soviet Russia, steel producers were rewarded by the total weight output of the factory.

This led to production of oversized and un-usable strips of steels. End users had no choice but to take the impractical strip sizes and machine them down, thus wasting steel.
Read 16 tweets
Trung Phan 🇨🇦 Profile picture
20 May
1/ Netflix is known for its cuthroat culture and willingness to pay top dollar for superstar talent.

The approach is explained in a famous 2009 slide deck: Netflix's strategy has to do with managing "complexity" and "creativity".

These 7 slides explain it 🧵
2/ Netflix competes in media and tech (knoweldge work that require creativity). A high-performer in the field is 10x better than an average performer.

In a "procedural" field (eg manufacturing), the best is only 2x better (industries that deal with atoms are naturally capped).
3/ Most businesses get more complex as they grow.

To deal with this, companies introduce processes (and bureaucracy), which has the adverse effect of driving out creative talent.
Read 13 tweets
Trung Phan 🇨🇦 Profile picture
14 May
Read some great articles on Spotify's user-friendly interface.

Here are 8 notable UX decisions it makes🧵
1/ Dark mode (which Spotify was been using since early days)

◻️ White text on dark background is easier on the eyes
◻️ Visual comfort = more browsing
◻️ The color scheme is a major contrast to Apple Music
2/ Mobile player more spacious vs. Apple Music

◻️ Apple (L) has the volume control, which crowds the screen
◻️ Spotify (R) has *no* volume control (most people control mobile volume with side phone button)
Read 11 tweets
Trung Phan 🇨🇦 Profile picture
13 May
BAD NEWS: My kid took a crayon to our walls.

INTERESTING NEWS: Kinda looks the NASDAQ’s double clappenings in 2021
Not a technical analysis person but...
Just asked him to add to the chart: people, the NASDAQ is about to go 90 degrees.

Gonna buy $100k worth short dated $QQQ call options.
Read 4 tweets
Trung Phan 🇨🇦 Profile picture
13 May
Peter Thiel's 2014 Reddit AMA is full of nuggets 🧵

1/ His biggest investing mistake was *not* doubling down on Facebook
2/ Thoughts when he first met Elon
3/ Whether he has a "ban" on hiring MBAs
Read 15 tweets

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