Crypto observations from a relative outsider: 1) The best big picture idea coming out of crypto is the idea that you can bootstrap and fund businesses differently than how most businesses are being funded today.
The idea that you can fund a business or a project from users/customers is the most powerful idea in crypto today and I hope we see people take this idea and really run with it. People will pay a premium for a product or to use a protocol if they are also getting a voice at the
Jun 25, 2021 • 7 tweets • 2 min read
There are so many scary things about this market. Bond market is more distorted than ever (crappiest companies in the world borrowing money for 6-8%, best ones 0%). Valuations for broad market are high with pockets of pure insanity.
I’m not really a macro guy and I don’t think the right move is to bet on a crash tmrw. But the prudent thing to do right now is to have a plan if we get a real meltdown. Be ready to go on offense if that happens and not defense.
