Remember what happend to Terra Luna last year?

@balajis just made a $1 million bet that the same thing is about to happen to the US Dollar.

https://twitter.com/jamesrothmann/status/1524617143635038214

Recap of Terra Luna Collapse:
1. UST was pegged to 1 USD
2. To keep the peg, Luna coins were issued or burned depending on supply and demand.
3. When times were good, it was easy to keep the peg. The demand for Luna was high, so no problem issuing more.

I made a "cheat sheet" for myself based on @awilkinson's book recommendations to solve specific business problems.

https://twitter.com/awilkinson/status/1300482694128705536

"I have to do everything myself!" -> The E Myth by
@MichaelEGerber

A few more insights from Warren Buffett's letters to shareholders: 1. Be different (without going against common sense)

Buffett is a contrarian force.

But not in the Peter Thiel sense: "What important truth do very few people agree with you on?"

Buffett applies common sense to what is difficult to execute consistently (keeping focus).

I've spent the last few weeks working through Buffett's shareholders letters and listened to the @FoundersPodcast on it.

I took 30+ pages in notes and I am sharing the learnings in a newsletter called "Billion Dollar ideas from $30 history books"

Summary of last few days👇 1. Cyclicality

Everything works in cycles.

Have the patience and psychology to be "fearful when others are greedy, and greedy when others are fearful.

I wanted to make myself a cheatsheet of Charlie Munger’s 25 psychology-based tendencies and thought I might as well share it: #1 Reward and Punishment Superresponse Tendency

Never, ever, think about something else when you should be thinking about the power of incentives.

I listened to the chat this week between @APompliano and @DylanLeClair_ on "Bitcoin: The Free Market Solution to a Broken Cost of Capital"

Here is what I have learned about the risk-free rate and some of my thoughts of how it could turn out in the long run...

👇 Traditional markets use T-Bills as the Risk-free rate (Rf) - the rate anyone can expect without taking any risk.

Before inflation: It's been going closer and closer to Zero.

After inflation: We now have a negative Rf.

This means you have to take risk to grow in real terms.

The government is stealing your money.

A short story on how they are doing it and how we can stop them.

(Inspired by @parkeralewis and @PeterMcCormack) First, what is money?

Money is anything that is accepted as payment in exchange for goods and services.

Shells

Silver Coins

$ Dollar Bills

You get the point.

Six Reasons Why We Need #Bitcoin

(and how beginners should eat the elephant)

A thread for beginners and oldtimers alike... Everything is going digital these days.

They call the digital world we will live in "the Metaverse".

Even Facebook changed its name to "META".

So we will have to make a choice between Digital Currencies:

1. Controlled by Governments

OR

2. Controlled by No One

Let me tell a story.

Inspired by the @RaoulGMI and @Breedlove22.

It all started at the height of the British Empire and the assassination of Franz Ferdinand.

The start of World War One. Germany was the rising power in Europe.

Thanks to technological advances, the world saw its biggest war to date.

20 million people died.

Then came the Treaty of Versailles...