After 17 years and more than 300 races, it could be @alo_oficial's last F1 race on Sunday 😭 He's given us a lot over the years... including some superb GIFs!

Here we have a rare example of a GIF you can actually hear. TOMA. 💪

The Spanish Samurai
Never give up. 💪 #GraciasFernando
Winning is everything. #GraciasFernando

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Aight. Here’s my favorite 2 stories about Bill Russell.

Both stories reveal how much of a humble human being he is. And one blows my mind because it dismantles what we think about the evolution of sports.

A thread:


The first is, that there is an assumption that today’s athletes are faster, stronger, etc. which is is based on ZERO evidence.

For instance, Wilt Chamberlain benched 465 lbs at 59 years old. Arnold Schwarzenegger says he benched 500 lbs on the set of Conan the Destroyer

Most basketball experts say Wilt has the highest vertical leap in NBA history. A few others argue that Michael Jordan did.

I think they’re both wrong.

Why?

Well let me tell you a story:

In 1956 Bill Russell was selected for the US Olympic basketball team

During this time, pros weren’t allowed in the Olympics, so the International Olympic Committee tried to say that he was ineligible since he had already signed with the Celtics, even though he hadn’t played yet

Luckily, Russell prevailed and led the team to the gold medal as the captain.

But if they would have stopped Russell from playing for the US basketball team, he would have STILL been in the Olympics.

How?

Because Bill Russell was one of the greatest high jumpers I. The world.

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.