Buffett often gives an example in his interactions of buying 10% of the earnings of a classmate. Which one would you pick?
The crazy thing is that crypto currency now allows us to do that. To Me, that's properly batshit crazy here's why.
The crazy thing is that crypto currency now allows us to do that. To Me, that's properly batshit crazy here's why.
Until now, companies could raise debt & equity. Equity raising got easier with size. Larger companies find it easy to raise equity. Individuals had no formal easy to use system to raise equity. Well, now such a system exists.
All work, all value creation, is essentially capital allocation (time+money+passion). I have some internal calculation for what success would look like for me, as a capital allocator 30 years down the line. Based on that future value, I can raise a crazy amount of money today.
And that, that last action, materially changes my future value because I am able to deploy that money today.
My prediction about the future: efficient capital allocators might find disproportionate success & our species level growth rate might accelerate even from here.
My prediction about the future: efficient capital allocators might find disproportionate success & our species level growth rate might accelerate even from here.
If I were to float a crypto currency (& assuming regulations allow it, it is legal to do so) which gave folks access to my future earnings, would you be interested?
(One can think of a portfolio of capital allocators to diversify risk).
(One can think of a portfolio of capital allocators to diversify risk).
No*
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