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Aug 24, 2022 21 tweets 4 min read Read on X
1/ On Being Efficient With Busy People

This is a thread for people at junior to mid stages in their career (people at senior levels generally operate this way and, at very senior levels, they all operate this way).

It is updated for 2022 practices
2/ First the obvious, but still not really obvious until you have lived it.

Any sufficiently senior level person in any field - business, non-profits, art, entertainment, government, athletics and so on - is very busy.
3/ "Very busy" in this context does not only mean "lots of things to do" as in "lots of work to do" but also typically a huge inbound information flow.

Emails, calls, zooms, IRL meetings, text msgs, twitter DMs, discord, whatsapp, telegram, signal
4/ Every year the information flow gets worse.

It used to be: letters + email + phone calls + text messages and even then we thought we were busy.

Now it is wild - i look at hundreds, possibly thousands of messages per day, on a variety of topics.
5/ So you want something from a busy person.

That busy person might be your boss or it might be someone not in your organization, someone you are reaching out for something you want.

What should you do? How should you think about it?
6/ The first question, more typically relevant at work, is "do you actually need your boss or is this just a crutch?"

In other words, can you go ahead and finish the task you were doing without further input, take some decisions yourself, and bring a finished product
7/ This is very situation specific.

It depends on the task, on your own skills, on your boss's managerial style and temperament.

So you have to judge your own situation and maturity and capability.
8/ But the *general* rule of thumb is that senior level executives who have other senior level executives reporting to them, do not want meetings and reports and so on.

They just want the job done.

My favorite reporting relationships are those where I am needed the least.
9/ So over time, and as a general rule of thumb, and based on your own professional maturity and capability, if it is a low-risk decision (severity, amount of work involved), consider if you should make the decision yourself, and bring a finished task to the table.
10/ You noticed I said the word "decision" here.

A "decision" is really the only reason you want to reach out to someone with a request.

People sortof know this in their gut, but not in their mind and this makes their approach inefficient
11/ So let's go to "how to ask for a decision"
1: What is the decision?
2. What data is needed for the decision?
3. Do you have the data? (if not, go get it)
4. What decision would YOU make with that data?
5. Do you still need to ask for a decision or did you just make it?
12/ If you have gotten to Step 5 and you still need a decision, then the correct structure for asking it is

1: This is the decision I want
2: Here is the data for making that decision
3: Here is my own recommendation, given the data in #2
4: Please let me know if you agree
13/ The goal is to have enough information in 1 shot for the person to be able to answer you.

I tell people my response time is bimodal.

Either "within a day" or "never" is a reasonable approximation.

Why? If I can't manage it in the current inbound flow it gets buried
14/ So nothing is more professionally satisfying than to be asked something in a format above where I read the situation and the person's analysis and recommendation.

And I can send my favorite reply of all: "yes" or "ok" or "proceed" or "i agree"
15/ A short detour to highlight the worst DM of all time

"Can I ask you a question?"

This is utterly pointless because if the answer is going to be "no", then it would be "no" anyway and if it is going to be "yes" you wasted a cycle
16/ Also not great

"Can we hop on a call?"

There are [x] people personally and professionally important enough to me to get a "yes" to this, but it is not the majority.

Let me explain why in the next tweet
17/ The way calendar software works, is that it pushes you to half hour meetings.

To take some limit case that every half hour was a meeting, it means that I can make 10-20 decisions per day.

The real number to keep my life in order is at least 10x that.
18/ So "calls" become very "expensive"

Zoom > IRL Meeting
Email > Zoom
DM > Email
Solving The Problem Yourself > DM

Most (non-sales) calls are 15-20 minutes of filler that could have been read in advance with 2-5 minutes of "discussing an actual decision"
19/ It is very possible that some of you right now are reading this and saying "my goodness, 6529 sure thinks he is important"

also, why did he not answer my DM/follow me/etc

To this I can only smile and say "I hope one day you end up in this situation and you will see"
20/ At the limit case, this is how all super senior people operate.

My DM chats with the most senior people I know (where I might be the junior party in the chat) are something like:

2-3 sentences from me; 1 sentence back.

Maybe we had a call once or never.
21/ There are no absolute rules in life, you need to use judgment for your specific situation but tl;dr

✅Make a decision
OR
✅Make a recommendation
AND
✅Communicate it in one, compact, organized shot

And enjoy your professional development along the way 🫡

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More from @punk6529

Mar 9
1/ On How I Am Allocated

The punchline is not a surprise: almost all BTC and NFTs, and a smattering of other things

I am not sure, however, I've explained in one place why.

As always, this is highly personal and I'm not saying any of this is right for you
2/ 2013 to 2020 I was pretty much a BTC maxi

I traded some 2013 alts in Fall 2013 (Cryptsy!) and realized that:
a) I hated it
b) I was not any good at it
c) I was going to eventually lose all my money regardless of if BTC was GMI
3/ So one day cold turkey I just stopped trading, said

"OK, I have these BTC, stop looking at price, don't fomo, don't cope"

I was a medium sized BTC evangelist back them.

Despite this, most friends, colleagues, family dumped their BTC in 2014-2016
Read 38 tweets
Jan 27
1/ On Infinite Inference

I used to be a good amateur photographer. A long time ago, a friend was worried that the cycle of growth in hard drives was coming to an end.

I asked him why?

"Well, my business documents are only 5 GB or whatever - isn't my 30 GB drive enough?"
2/ I said "what about photographs?"

He showed me his phone with 3Mb photos and said "but I take 5 a day so even this is 5GB/year so ok maybe we go to 100 GB"

And I laughed and laughed and laughed.
3/ Humans can visually discern the following:

Detail: ~ 1 arcminute (1/60th of a degree)
Color Depth: 8 to 12-bit color depth per channels
Channels: 3
Frames per second: 90 to 120 for decent VR

If you want to capture and store this in 360 degree angles...
Read 16 tweets
Jan 1
1/ On So Few NFTs, So Many NFTs

Are NFTs the scarcest assets in the crypto universe?

Are NFTs an endless no-barriers-to-entry stream of good, mid and worthless tokens?

Buckle up. This is a long one. 60+
2/ A few days ago, we discussed that a necessary, but not sufficient factor, for Bitcoin’s success was its 21M hard cap on tokens.

If you have not read this thread, go ahead and read it now

3/ Today, I am going to ignore the other factors of Bitcoin’s success and focus on the scarcity aspect.

A common phrase was: “If every millionaire wanted to own a bitcoin, there are not enough bitcoins to go around"
Read 71 tweets
Dec 29, 2024
1/ On the Nature of the Token Shapes the Nature of the Holders Who Shape The Nature Of The Token.

In the short-run, anything can happen with any token.

What determines the long-run though? What determines what will happen in 5, 10, 20 years?
2/ As always, it starts with Bitcoin. What was the "nature of the token?"

At the protocol level: It was fixed, progressively mined, and had a purpose inseparable from the function of the network (rewarding miners to encourage competition / decentralization of mining)
3/ At the social level, in the beginning, it was not particularly described as a "get rich quick" scheme or even a "get rich slow" scheme.

It was described an experiment in decentralization, as an alternative to corrupted centralized systems.
Read 28 tweets
Dec 22, 2024
1/ On Living Rent-Free In Your Head

People and ideas are ferociously competing to live rent-free in your head.

For most people it is worse than that.

It is a high school rager with hundreds of people and ideas spilling beer on the sofa of your head.

Your job: face control
2/ It is impossible to live with a completely blank slate.

A functioning society is built on endless layers of abstraction on concepts and ideas.

Almost everyone, including the based contrarians, are repeating ideas that someone else propagated into their head.
3/ So let's get this out of the way first.

There will be a party in your living room of your head.

Perhaps the Buddha himself saw through the veil of ignorance, the cycle of samsara, and found nirvana, but safe to say that nobody reading this tweet has.
Read 23 tweets
Nov 12, 2024
1/ On Buying The Statue of Liberty

I did a lecture today for @giaglis's MOOC on NFTs and I got the RCSA question.

"NFTs are just a receipt, just a pointer to an image. I can download them and view them without buying them"

A classic question! Here is what I said.
2/ Imagine the Statue of Liberty.

It is very large.
It is on Liberty Island
It was a present from BFF (France)
It is owned by the Federal Government and specifically National Park Services
Anyone can look at it, whether the President of the USA or you
3/ Now, imagine the Federal Government needed to raise money fast.

It decided to sell the Statue of Liberty on the condition that it has to remain exactly as open to the public as it is now (It is both a National Monument and UNESCO World Heritage site)
Read 12 tweets

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