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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

Apr 13
1/ What is the Nakamoto Threshold?

This is a bit of Memes inside-baseball but I am tweeting it out so we have it available for reference.

Meme Card #4 is an homage to the first Rare Pepe which had an edition count of 300.

So Meme Card #4 had an edition count of 300.
Image
Image
2/ The Memes were deliberately designed to be relatively low unit price and relatively high edition count.

This is important for the overall mission in a large numbers of ways.

There is no way the mission works with a small number of rich collectors.
3/ Interestingly, because people like eye-catching sales, this is one of the things that leads people to still underestimate The Memes a bit.

The Naka has the highest unit price because it is an awesome card (trades around 6ETH now, ATH > 20ETH) but..
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Apr 10
1/ On How / Why To Use A @safe As An Individual.

I saw a question from @HugoFaz in a 6529/Memes chat and I was going to answer there but I think the answer is more generally useful so I will tweet it here

First read the TAP thread

2/ Now that you are back. Let's discuss using a SAFE wallet as your vault / cold wallet in a TAP setup.

@HugoFaz asks (and I paraphrase): "who are the other signers going to be? Other hardware wallets? people I trust? What does this add?"
3/ Let me start with a simple case, appropriate for any individual.

The other signers are you. Let's assume you have Hardware Wallet (HW) 1, 2 and 3.

You set up your SAFE to be 2 out of 3 to sign.

Now, what do you do with these wallets?
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Mar 29
1/ On Your National Tax Policy for Cryptoassets

A rare thread for the tax authorities and legislators around the world.

One day you will need a tax policy for cryptoassets and you will pay McKinsey $3M to write it.

Or you can just read this thread for free
2/ The assumption in this thread is that you are a jurisdiction that likes taxing things.

And in that light, you will enjoy taxing cryptoassets too.

If you are one of the other jurisdictions (the 0% tax ones), then you don't need this thread anyway
3/ Situation: You run a normal economy that does not compete on low taxes and you want to do something sensible with cryptoassets.

Your goal should be:
a) Treat broadly fairly vs other assets
b) With some tiny adjustments to make everyone's life infinitely easier
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Mar 27
1/ On What Is Decentralized

A brief, beginner thread. Sorry in advance to the nerds.

tl;dr

1) Some L1s (like BTC, ETH and some others)
2) Zero websites
3) Very few L2s

Basically, you only get permissionlessness and censorship resistance on the L1s for now.
2/ Let's start with the difference between ETH (an L1) and OpenSea and Etherscan (which index ETH)

ETH = permissionless
OpenSea and Etherscan website = not permissionless

(Separately, OpenSea has deployed contracts on ETH, which is not the website)
3/ A typical website has, among others:

a) a domain name (permissioned by owner, registrar, registry & govt)

b) a web hoster (permissioned by owner &hosting company)

c) a database &web servers (permissioned by the owner)

Each of these things are 0% decentralized.
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Mar 16
1/ On Bitcoin in Four Tweets

Some people meditate on the oneness of the world to achieve enlightenment.

I also meditate to achieve enlightenment, but on how I can describe "how Bitcoin works" in the fewest number of words

Sharing last night's version below
2/ Imagine a Google sheet w/ everyone's bank balances and the whole world has full access.

Solutions That Do Not Work

a) Everyone can change any cell? Chaos and theft

b) Only one person with editor access? Works fine but the whole world is at the mercy of that one person
3/ BTC's solution
a) Accountants propose changes every 10 minutes
b) Anyone can propose a change to their balances (along with a service fee)
c) Accountants batch the changes for review
d) Everyone checks that the batch is valid (no overspending) and accepts
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Feb 24
1/ On Dying In A Year

I was thinking about this phrase the other day "Live every day as if it is your last"

It is a very popular saying, you are supposed to appreciate each day each day, something like that.

People inspo-tweet it a lot.
2/ And I concluded that this phrase was unhelpful to me.

I most definitely do not "live every day as if it was my last" and I am pretty sure nothing in my life would be improved if I did.

Because if I try to do that, I envision something very different than what is intended.
3/ Theoretical last day: "smelling the roses and appreciating the ocean waves"

Actual last day: "console crying family. fuck, fuck, fuck, fuck. where is my will? are we sure we know who is on the multi-sig? did i call everyone? fuck, fuck, fuck. do I tweet 'bye'?"
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