🧠 THOUGHT OF THE DAY 🧠

MOST of the transactions that COULD take place do not actually occur because they fall beneath the MINIMUM TRANSACTION THRESHOLD (MTT).

The MTT is an artifact of the need to involve a “trusted third party” in all transactions.
Because of this MTT, it’s literally impossible to establish a TRUE, completely efficient pay-as-you-go plan for ANY GOOD OR SERVICE!

As a result, some segment of the market pays too much for goods/services they don’t use, and another segment pays too little for what they DO use.
This transactional efficiency problem affects everyone, and from my perspective, the most significant effects are psychological.

If you’ve ever looked at various payment models and thought, “This doesn’t quite fit,” you’re right! Thanks to the MTT, a perfect match is impossible.
Here’s where things get REALLY interesting:

Because of the MTT, ALL of the pricing models we know are gross approximations instead of exact matches.

But there’s more to it—

MOST of the transactions that WOULD take place would be below the MTT!
This means everything we know about the exchange of money is like the tip of an iceberg.

We are familiar with the idea of “bundled value,” as bundles are necessary to overcome the MTT.

But we aren’t familiar with true 1:1 micro-transactions…
By 2050, a MAJORITY of ALL economic activity will come in the form of these micro transactions.

Crucially, these will be conducted exclusively with cryptocurrencies because the legacy financial system cannot support anything below the MTT!
Astute readers will wonder, “But doesn’t crypto have an MTT as well?”

Indeed! But this MTT is comprised of just two components:

• Compensation for the amount of energy required to perform the transaction
• A tiny incentive for the network to provide computational power
Notice what’s missing? 🧐

No transaction fees for “trusted third parties,” simply because crypto prevents the need for the existence of such parties.

This changes everything we think we know about transactions 🤯

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More from @pearsonified

28 Aug
The battle for humanity’s future doesn’t have a direct historical antecedent.

In other words, it’s not Christians vs. Muslims, Axis vs. Allies, or any other “rivalries” we all recognize.

Nope. Instead, it’s…

CENTRALIZATION vs. DECENTRALIZATION 🥊
Perhaps most fascinating is how the origin of these forces has shifted away from church, culture, and governance…

…to corporations, which have become the strongest players in the world.

(Indeed, many corporations have a greater impact on world GDP than 80% of countries.)
For these corporations, CENTRALIZATION is the path to the two things they want most:

• More PROFIT
• More CONTROL

But since there’s no free lunch, we must also examine the TRADE-OFFS corporations accept with their myopic push for centralization.
Read 18 tweets
20 Jul
🚨 Want to fight back against Big Tech? 🚨

First, you must understand Big Tech’s primary source of power—CENTRALIZATION.

Here’s an example of how this works:

With Twitter, you use their app to post content to the site…

And that’s where your ownership/control ENDS.
At this point, what happens with your content is entirely up to Twitter:

• Do your tweets show up in your followers’ timelines?

• If you get banned, you LOSE your content!

• What if you want to reference old content to re-publish on a different platform?
Obviously, if you get banned, you lose access to Twitter. More specifically, you lose your audience, which is significant blow…

But IMO, that’s not the worst part!

No—losing your content and being unable to reference it or publish it elsewhere is an absolute DEATH BLOW ☠️
Read 17 tweets
17 Jul
At least 98% of people who purchase #WordPress Themes make the following mistake:

Their purchase is *completely* predicated on acquiring a Theme that gives them the “look” they think they want.

They don’t consider what matters to visitors AT ALL.
What do visitors want?

• Speed — pages must load FAST on every device

• Clarity — no scrolling required to get to the point (no hero images, no ads, no BS)

• Ease of Use — great typography, clear + adequate spacing, and NO CLUTTER

• Simplicity — less is more!
But what do most prospective website owners want?

An aesthetic they deem worthy of how they see themselves.

A little bit of visual pizzazz. Some “oomph.”

Now ask yourself:

What does any of that have to do with the website *actually working* for visitors?
Read 7 tweets
24 May
Today is the last day of my 30s.

I'll do some deadlifts later tonight and then post my annual shirtless selfie tomorrow 😘
In August 2005, I took the first steps toward my own entrepreneurial path by teaching myself HTML and CSS.

By September, I created an ecommerce site that funded my next 4 months of learning.

And by January 2006, I was the most sought-after freelancer in the #WordPress space.
It would still be another two years before launching my first piece of software, the Thesis Theme for #WordPress.

In reality, this was a COVER for my next period of intense learning, where I taught myself PHP and JS.

I also began exploring template and typography dynamics.
Read 28 tweets
29 Mar
Scott is accusing naysayers of not providing "reasons," but he hasn't provided any, either (only an assertion).

My issue with his assertion is that a huge swath of commerce will only be available to people with vaccine passports.

Hegemony is more likely than rogue agents.
We've already seen this with COVID responses since March 2020.

In places like Austin, for example, there is no longer a mask mandate.

However, EVERY BUSINESS is still requiring masks due to SOCIAL PRESSURE from local shitlibs.

Want to participate in commerce?

You need a mask.
I also understand the larger implication of Scott's assertion—that over time, the will of the people will bear itself out.

I agree on principle, but social forces are fickle and operate on local time scales.

In a state like Florida, you may be able to participate in commerce...
Read 6 tweets
14 Mar
Most people don’t realize how incredibly rare it is to produce significant, useful, interesting content—specifically WRITTEN content—for a period of 5 years or more.

The dedication and consistency of effort required are extremely uncommon traits.
HOWEVER...

Short-form content is changing this reality by reducing FRICTION on both sides—creation and consumption.

Example:

I’ve run websites since 2005 yet never blogged consistently for more than 2 years.

But I’ve been shitpoasting on Twitter non-stop for 13 years!
Why?

FRICTION!

Twitter takes the edge off.

My tweets don’t have to be perfect.

Hell, they can only include 280 characters—how much pressure can there be?

This opens up a much broader range of written experiences and emotions.
Read 5 tweets

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