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Karnak 6044’s Journal

It’s been 52 Keplers since taking the Oath and something doesn’t feel right. The air is stale and time feels frozen. It’s too quiet. The normal city sounds aren’t present which is never a good thing. Never. Image
I whisper my true name and carefully tighten my wraps. Today will be a memorable day but I will not break my routine. It’s a promise that must be kept.

I take a deep breath and painfully shoulder my satchel. It isn’t heavy but my body protests. I ignore the nagging pain...
...because Mega City calls upon me to be a Witness and I’m compelled to answer.

I pass a few minor scuffles unnoticed. A shopkeeper caught a Spiked Goggler trying to sneak a charge for their Botcat. The Sandmen also appear to be out in force looking for Runners.
But I'm not worried because they’re easy to spot and even easier to avoid. There’s nothing here worth witnessing.
There. A Bot and a Masker studying the back alley exit to The Surgeon's Lab. He's well known around here. 5477 owns this block.

My cybereye connects to Megacity’s inforails and two profiles are surfaced. Runners. 2784 and 7458. The Oath Lords will be pleased with me today.
I recite the Oath carefully. My duty as a Witness begins now.

“From morning light to evening night, our bandages are in plain sight.

We wrap our faces and our hands. We move throughout this angry land.

We broke our chains to forge the Way. Now we quietly watch the fray.”
The Masker is most likely amped up on Sniffers. He’s jittery and pacing like a caged animal. The Bot is stoic and unphased by the Masker’s actions. He’s too busy studying the door to care.

It feels like a thousand cycles of nothingness have gone by.
Suddenly an explosion of activity happens in a blink of an eye.

The door cracks open and a tungsten case is slid into the alley. A blinding beam of white light flashes, drawing a straight line from the Alien’s hidden weapon to the darkness on the other side of the door.
Someone in the lab isn’t making it home tonight.

The Masker snatches the case and is back at the Bot’s side in less than three heartbeats. This isn’t his first grab. It’s obvious he’s a seasoned Runner and a good one at that.
The Bot turns to run but the Masker stops. Curiosity has him in its gravitational pull. The Masker opens the case and a few red and white stripped vials spill out. I can see that the case is packed with enough Peppermint Dust to keep a dealer in business for a very long time.
A klaxon sounds from within the Lab which means the Sandmen are already on their way. The Bot slams the case shut and grabs it from the Masker. They run down the alleyway in the direction of the Slums. Their escape is almost certain at this point.
I stop recording and upload the event. The Oath Lords must be pleased because they credit my wallet enough tokens to buy a hot meal and a stiff drink. Tonight I feast.

I am Karnak 6044 and it’s been 52 Keplers since taking the Oath.

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More from @fintechjunkie

6 Dec
It’s been fun learning in public. I could write hundreds of tweets each week about my crypto journey. Instead, I’ll do my best to be topical and synthesize my learnings.

Today’s topics: DAOs, NFTs and Lending
DAOs

I’ve had a number of conversations with people involved in DAOs and it’s easy to see why there’s excitement surrounding this “organizational innovation”. But having managed teams in the thousands of FTEs, I can’t help but see land mines that could be crippling.
An observation:

Every DAO fanatic I talked to shared a story about having his/her contributions and ideas marginalized by a traditional hierarchical corporate structure. Since they weren’t at the top of the food chain, someone always had the ability to brush them aside.
Read 25 tweets
2 Dec
It didn’t take me long in the crypto world to realize that it’s an ecosystem being fueled by the “House Money Effect”.

Having spent countless hours in the world of high stakes poker I recognized it instantly and now can’t stop seeing it everywhere I look. A short 🧵👇
For those of you unfamiliar with the House Money Effect, it’s a theory used to explain the tendency of investors to take on a much greater risk profile when reinvesting profit earned through investing than they would from money earned in other ways (i.e. - wages).
In the early days of online poker (2003-2006), anyone with a semblance of talent was able to turn hundreds of dollars into hundreds of thousands of dollars playing online. The player pool was deep and 95%+ of the players were really bad. Picking up their money was easy.
Read 11 tweets
29 Nov
After years of sitting on the sidelines, I finally decided to take the red pill.

“Week 2” put me on the steepest part of any learning curve I’ve experienced in decades.

Here are a few of my simplified observations, early conclusions and emerging frameworks:
2/44: Observation 1 (W2): Taking the “red pill” meant different things to different people

It was amazing how polarizing these words are to the community-at-large. The sheer fact that I declared that I was taking the red pill created three types of very distinctive reactions.
3/44: Reaction 1: Excitement for me

Many people with a working knowledge of crypto/web3/DeFi who know me well were excited that I’m finally taking the leap into their world. It’s a party they were waiting for me to join because they thought I’d be additive to the community.
Read 44 tweets
22 Nov
Last week I took the red pill.

Here are a few of my “week 1 observations” from my early steps into the land of crypto/web3. 🧵👇
2/28: Observation 1: The community is real

I can’t even begin to tell you how welcoming the community has been. My DMs were full of “messages of encouragement” after my “red pill” tweet. And everyone who I reached out to has been extremely happy to answer my remedial questions.
3/28: Observation 2: Getting set up sucks

I asked a number of people about what they’d suggest as a “minimum viable setup” and while there were many commonalities in the answers, there was enough of a divergence to require research.
Read 28 tweets
11 Nov
Guess who launched another innovative #fintech product targeted at better serving the #startup community? @GetCapchase!

Guess who didn’t? Traditional Banks.

A few thoughts on their new product launch and why Banks continue to lag the #fintech innovators:
2/19: Let’s start with the new product that Capchase just launched.

Capchase Earn is a deposit account that helps startups reduce their cost of borrowing while earning up to 3% on idle cash. It sounds simple. It’s a great product. But Banks don’t have anything like it. Why?
3/19: Banks play a very important function in how startups operate. Products that store money (deposits), move money (payments), lend money (lending) or invest money (investments) typically require some participation of a Bank due to regulatory requirements.
Read 19 tweets
3 Nov
As a Founder, one of the most important things you do every day is allocate people and capital because they don’t allocate themselves.🤯

Becoming a world class allocator can kink the curve on outcomes so building this skill matters…..a lot!

A few thoughts: 🧵👇
2/12: The two main resources that CEOs have at their disposal are people and capital.

The CEO’s job is to transform these resources into the three major drivers of enterprise value:

Learnings, Capabilities and Growth.
3/12: Learnings

A startup is a sub-scale company born from a Founder’s dream to solve a problem in a unique way. The Founder’s initial solution has at its core a set of assumptions that have yet to be proven and over time these assumptions are battle tested IRL.
Read 12 tweets

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