𝐀 𝐩𝐫𝐢𝐦𝐞𝐫 𝐨𝐧 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 & 𝐂𝐫𝐲𝐩𝐭𝐨𝐬 🧵

I still everyday meet investors who think Bitcoin & Blockchain are the same & this thread is specifically for them

Do re-tweet & help us educate more invetsors ☺

#Investing #Cryptos #Bitcoin (1/n)

(Q1) Lets start with what was historically used as a method of payment?

- Barter system, you give me a cow and I give you 100 kgs of rice (2/n)

(Q2) So why dint we continue with the barter system?

- It was difficult to transact in fractions
- What if I want only 50 kgs of rice? I cant give you half a cow right?
- This is the prime reason for the introduction of smaller units of payment method we now call as coins (3/n)

(Q3) How did Gold coins get shortlisted for the job?
- It was malleable & portable
- It was non corrosive, could be stored for a long time
- It was a perfect combination of abundance & rare
- Plus it was eye catching & visually appealing (4/n)

(Q4) What about paper currencies?
a) When paper currencies were introduced, it was decided that a country could only print as much currency as the gold reserves they have but this was withdrawn in 1971 bcoz of which the central banks could then print as much money as they wanted

25 years ago my father made me a deal...

I only had to do one thing.

I failed.

THREAD: A story about a father, a son, and life meeting you halfway.

It was the summer of 1996, I had just turned 15 & like any 15-year-old boy, I only had one thing on my mind.

OK, maybe two.

Other than girls, the main thing I wanted, all I could talk about, was a car.

Or in my case a truck.

The deal was simple.

Over the next year, I'd be given chores to complete around our home.

With an agreed-upon hourly rate, I was free to work as much, or as little, as I choose.

At the end of the year, whatever I earned, my father would match.

Up to $2500.

Best case scenario?

I earn $2,500, my dad matches $2,500.

I've got $5K to spend!

Look out world, I'm gonna be rich!

There was only one catch, I had to do the work.

Not only did I have to do the work, I had to ask what work needed to be done.

I came out of the gate fast.

Asking my father for anything and everything I could do to earn a buck, and he obliged.

Each time I asked, he had a new project ready and waiting.

The opportunity was there, and I was seizing it!

How To Not Suck At Marketing

A thread:

You gotta look at marketing as oxygen that fuels the business.

Marketing is traffic.

It's an opportunity to build.

No oxygen = dead business.

Paid and organic traffic

(Fb ads, Facebook organic, Google pay, Instagram, Pinterest, etc)

Acts as oxygen that fuels a business + provides the opportunity to sell products or services.

Marketing that sucks = Marketing that is not bringing oxygen to the business

And unfortunately, people tend to focus on low-leverage activities that do little to nothing for their business:

Take customer service for example

This is an important aspect of business,

But customer service is a $15/hour task that can be outsourced...

Yet they spend time on it instead of marketing - the most lucrative aspect of their operations

1. Ultimate blockchain, NFT and crypto learning thread 👇

(warning 100's of hrs of content)

2. @CalBlockchain 's Spring 2021 fundamentals course: slides and

3. @tferriss @naval and @NickSzabo4 's podcast about crypto and

4. Similar one to previous but @tferriss, @naval and @VitalikButerin 's podcast on scaling, ETH, NFTs and

5. @a16z Crypto startup

How to Not Suck at Maths (Thread)

Maths is always one of the most dreaded subject in schools for the kids.

At times this fear continues in college too.

People waste their 4 years getting a useless Liberal Arts degree cause they couldn't do Maths and hence opted out of any useful subject.

Why Maths Matters ?

It's the language of the universe. The universe converses in numbers. The golden ratio is perfect example of

But what if you don’t want to be Mathematician ?

Do you lift weights cause you want to be a weightlifter or learn to cook cause you want to be a chef?

Fuck no, they are basic life skills; so is Maths.

Check out this video for the power of Mathematical

Anyone else love a useful how-to?

I put together a mega-thread of mega-valuable how-tos that can transform your startup, career or life

All you have to do is read these 10 how-tos:

How to write a cold email:

- Be short
- Humanize it. Record a 60s selfie video
- Write a cold DM instead of a cold email if possible
- Never follow up by saying “just following up”

How to write copy that isn’t boring (and that sells):

- Don’t write copy, write stories
- Can be long or short, but must take you for a ride
- Focus entire story on the problem the customer has
- Share credibility
- Use inviting, warm words
- Create a clear call-to-action

How to come up with compelling startup ideas:

- Framework #1: X for Y (Robinhood for Canada)
- Framework #2: Anti-incumbent (Anti-Spotify, Anti-Amazon)
- Framework #3: Unbundling of X (Reddit, Facebook etc)
- Framework #4: Ask your community, they’ll tell you

How to sell a company:

- Spend 5% of your energy building allies at incumbents
- Get them excited about what you’re doing
- Make them feel invested and jealous
- Get them to ask if you’d be open to selling
- Profit $$

I've seen this strategy work for $10k-10B size deals

Learn about the STEEL SECTOR in this thread

The demand for steel is generally only 1.2 times the GDP & there is no significant growth in our GDP but still the sector has rallied relentlessly, lets try & understand

Do ‘re-tweet’ & help us educate more investors (1/22)
#Investing

The metal sector is broadly divided into 2,
-Ferrous is a category of metal that has Iron in it, Steel as an example
-Non-Ferrous is a metal, which does not have Iron content, Aluminum, copper, lead, nickel, Zinc etc.
This thread focuses on Ferrous & hence Steel (2/22)

To start, lets understand with how steel is made (its important).
Iron ore is mined, it is then first converted to Iron & Iron is then converted to Steel. There are 3 processes of making steel
-Blast Furnace
-Scrap Metal
-DRIP/Sponge
We will discuss all three (3/22)

@jacobgoldstein Here are a few:

- digital gold (BTC)
- fast wire transfers (USDC)
- crowdfunding (ETH)
- lending (MKR)
- interest (COMP)
- data feeds (LINK)
- private cash (ZEC)
- decentralized exchange (UNI)

This is from 2018 but goes into detail on the first

Everyone wants to decouple time from money.

The problem? It's an extremely unpredictable way to make a living. For every successful creator, there are thousands who make nothing or almost nothing.

So, how do you make the unpredictable, predictable? Here's what I learned:

See, there are two very distinct worlds of how to make a living in our universe.

The first world is the one we're mostly familiar with, where you follow a predictable career path.

Say you want to make a living as a programmer, a doctor, a plumber, an English teacher, etc. If you do certain things (learn to code, get a specific degree, etc.) you can increase the odds of getting what you want to very close to 100%.

And you can also expect such a profession to earn you a certain amount of money within a relatively narrow income range. Payoffs in this world tend to follow a normal distribution. The path to get what you want, and the expected payoff, are both highly predictable.

In the second world, the payoffs tend to follow a Pareto distribution, where you can expect wild differences in income among people doing the same thing. Making a living in this world is far from predictable.

Long-term thoughts about the #crypto market

Get ready to get into a VERY long thread, full of charts.

Popcorns ready? Let's start!

1/n

In this thread I will try to put together most of the reasons that make me think that we are not yet close to a top in the market, but rather that there is still the best part...

2/n

First of all, let's talk about #Bitcoin. Bitcoin is still the king, although it is losing dominance lately due to the altseason.

In my opinion, it still has a lot of room to rise in terms of price (not so much in terms of time)

3/n

1) Bitcoin Investor Tool

As you can see, this indicator marks the cycle tops very well. However, these do not happen when it crosses the red average, but after a parabolic movement above it. At the moment it is not even above this MA.

4/n

2) 200W MA Heatmap

No red dots yet visible. I'd say we're halfway. An analysis cannot be based on a single indicator, but it all adds up.

5/n

1/

Get a cup of coffee.

In this thread, I'll help you understand Markov Chains.

In life, and in investing, we often come across situations where luck/chance plays a major role.

And Markov Chains are often a great way to model and analyze such situations.

2/

Here's what prompted me to write this thread.

Earlier this week, I conducted a Twitter poll.

In the poll, I posed a question that required a bit of probabilistic reasoning.

The good news: over 10,000 people responded.

The bad news: ~87% got the answer wrong!

3/

Here's the question I asked.

Imagine we have 2 volunteers: Alice and Bob.

We give them each a fair coin.

We ask Alice to keep tossing her coin until she sees a Heads immediately followed by a Tails (ie, the pattern HT).

4/

We ask Bob to keep tossing his coin until he sees two consecutive Heads (ie, the pattern HH).

The question is: on average, who will take more tosses to get to their "target pattern" -- Alice or Bob?

Or will they both on average take the same number of tosses?

5/

More precisely:

Suppose Alice takes A tosses on average to get her HT.

And Bob takes B tosses on average to get his HH.

Then, which is the bigger number: A or B?

Or are they both the same number?

AI4Bharat/@iitmadras and EkStep Foundation announced the release of Samanantar, the largest publicly available collection of parallel corpora for Indic languages. This work was supported by Tarento Technologies and the @rbc_dsai_iitm Download:

A few Highlights: 1. A total of 46.9M parallel sentences between English and 11 Indic languages
2. Of these, 34.6M parallel sentences were newly mined as a part of this work (~33M from IndicCorp that we released last year)

3. A total of 82.7M parallel sentences between 11C2 Indic language pairs extracted from the above English-centric parallel corpus
4. A new single script joint model for En-Indic and Indic-En translation which outperforms all commercial and publicly available systems.

5. A cross lingual semantic similarity benchmark containing ~30K annotations for ~9.5K sentence pairs from Samanantar certifying the quality of the mined data.

This is a tremendous effort that will have a great impact on Indic NLP research! @OfficialIndiaAI

Work spearheaded by my wonderful colleagues Mitesh Khapra and Pratyush Kumar!

Thread time!

Meet Mary Burchell, one of the most successful romance writers EVER. Over 110 Mills & Boons to her name.

Got an image of her in your head now, right? Bin it.

Because Mary is a Righteous Gentile.

She wrote books to fund her efforts to help Jews escape Nazi Germany

Mary was born Ida Cook (and we'll call her 'Ida' from now on) in Sunderland in 1904. Her parents were an average middle class couple, and Ida and her sister Louise had a sheltered, happy upbringing mostly in London (their mother was a proper 'Bow Bells' cockney).

One thing their parents were very good about was just letting the girls be themselves.

As a result, by the 1920s Ida and Louise were both working in secretarial roles, happily living their own lives, but together. They would remain life-long companions.

Then, one day, Louise happened to go to a lecture on music at work.

IT

BLEW

HER

MIND

Their parents hadn't been musical, so this was a new world to her. Obviously she immediately wanted to share it with Ida.

They immediately bought a gramophone with Louise' bonus money.

Ida:

"Could any collector cast his mind back to the days when he accumulated his first two or three records and say that was honestly not one of the happiest times of his life?"

One of those records for them was this one. It HOOKED them on

1/

Get a cup of coffee.

In this thread, I'll help you work out how much money you need to retire.

2/

The goal is simple.

You want to accumulate a *large* portfolio of assets.

How large?

Well, you should be able to quit your job. And you and your family should be able to live comfortably for decades -- just off of the income generated by this portfolio.

3/

This is the crux of the "FIRE" movement.

FIRE stands for "Financially Independent, Retired Early".

The basic philosophy is: keep your spending needs low. Save a large portion of your income. Invest these savings. With luck, you'll be able to retire early.

4/

FIRE advocates have a rule they love to cite: the 4% rule.

The 4% rule says: your annual expenses in retirement should not exceed 4% of your portfolio.

You can use this rule to calculate how large a portfolio you need to accumulate before you can quit your job and retire.

5/

For example, suppose you and your family need $40K/year to live comfortably in retirement.

Then you need to accumulate a portfolio that's at least $1M.

Another way to say this is: your portfolio should be at least 25 times your annual expenses in retirement.