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“Great things in business are never done by a person, they are done by a team of people.” – Steve Jobs
Steve Jobs Likes to tell a story A “slight scary” old man, from which he did a strange job as a child, once, collecting some rocks from the yard.
The man put the rocks in a tambler in his garage, adding some liquid and patience, and told the jobs to come back to see the results.
Jobs says that he was amazed because the rocks emerged as a smooth, shiny objects of desire from the tumbller.
Later in life, he found that it also works with people.
“A group of talented people, colliding against each other, argues, sometimes quarrels, makes some noise. By working together they polish each other and they polish ideas.”
In other words, put a group of people together in a room and when they come out they are all likely to look clever.
Unlike rocks, however, they should have the right kind of people.
He was individually visionary as Steve Jobs, he Holded their success responsible At least for those who had chosen: “I think I have constantly found out with whom the smart people were walking with. You have to find extraordinary people.”
There is a place in conferences to find extraordinary people.
The magic of an innovation cluster like Silicon Valley is an important mass of technical people who are constantly hitting each other.
Conferences form temporary innovation groups like the pop-up version of Silicon Valley.
“A way to think about an industry conference,” Bayran Hobart Tell meIt is that it synthesizes high real estate prices by charging “an entry fee (and the aircraft tickets are going to have the same economic impact); they make time more expensive, so they increase the relative value of the highest-use interactions.”
Translation: The high cost of participating in conferences mourns Riff-RFF.
If you are still wondering why people increase the cost of attending a conference that they can see for free at home, then I think it’s too much.
You meet people like you want to throw into a rock tambler.
A panel on Crypto’s Current Meat: Treasury Asset Companies
I am suspicious of Crypto Treasury Companies (to keep it lightly), just because I think companies should be in the business of making things, not only them.
I still feel in such a way that after listening to this morning panel with three enthusiasts who mostly hold Crypto, but I expected more nuances than the story.
Dan Kang noted that DEFI Vikas Corp also runs verifications, which allows it to increase its solana stake independently from NAV multiple that investors assign their stock (DFDV).
Can they earn sufficient solana by driving verifications to serve their dollar-communities if their stock fell below 1x NAV? I hope we find out, after all.
Meanwhile, Defee Development Corp “gives you the ability to accumulate Crypto fast on your own.”
I want to see maths on it for people paying 3.1x Nav Today for DFDV, but this is the service they provide to investors.
Thomas Lee appears to have rationalized the inexplicable valuation that Crypto companies command, saying “how oil companies trade on premium for their perfect store.”
“Microstretia will probably become the largest stock in the US,” he predicts. “And it is not valuable on earnings, it is valuable at a premium for its bitcoin reserves.”
Call me old-fashioned, but I will like America’s biggest shares, should be valuable on earnings-because the earnings are a solution to how valuable the company’s product or service is for their customers.
Lee says Investors In customers.
This is true, but I bet that most of these “customers” still think they are investing, which can cause problems.
David Grder injected a welcome note to the caution, which was predicted that “many of these would be insolvency.”
He was not particularly concerned about it, but I think people should be, because how to finish?
Treasury Asset Companies “tokens” tokens, as Thomas Lee painted it, and earlier this week, Defa Development Corp Announced This stock will soon be traditional as a token on Solana.
Took to a crypto treasury company is equivalent to token Token,
If it is worth doing, it is only a matter of time until a crypto treasury company starts. Equip the token equity equal to the token,
This, i am afraid, risk Ghost Busters Moment In which the currents will be crossed and the world of Crypto ends – and maybe take the rest of the world with it.
I do not see any other logical end point, because Lubin said on another panel, “a race to receive the highest-power money” (bitcoin and ether, in their views).
Whatever risk, Crypto Treasury companies are a way of running it.
A news panel
Speaking this morning, which Lubin recently filled the crypto history with negligence-at least from his well-organized convenience point.
Explaining why the Etherium had fallen over the years, Lubin shared his suspicion that “Gary Gensler was given a mandate, perhaps from Elizabeth Warren, to kill or slow down the Etharium.”
In particular, “It appears that he had secretly decided to reorganize the ether as an object.
“They were trying to pin it on those who were responsible for the merge,” they explained. “When we saw that a group of researchers was having subponus, we decided to sue SEC.”
I think some permitted attendees will not find that surprise, but it is not a part of the official record, so I think we got to hear it first.
Day III quotes
“This is the last meme.” – Santiago Santos on the bull case for bitcoin
“The highest power money is bitcoin and ether, as they are not allowed.” – Joe Lubin
“Atherium got together. The Atherium Foundation is now firing on all cylinders.” – Joe Lubin
“MSTR is so big that it has a sovereign put.” – Thomas Lee
“Meta-Katha is: Tokens need to make money.” – Michael Anderson, Framework Ventures
Hearing: “The product is how to rich rich.” -Anam, Crypto’s true product-market on fit
Permitted IV Newspaper Award,
Best Lift Pitch: zeoapp.com – Wechat + Pinduoduo with Crypto Awards. (Ifkyk.)
Best Merchas: Personal Coin Purses, Aptos
Vaciet Moment: Jason Yanovitz interviewed Dennis Rodman (I heard that he was Alpha)
Best Guerrilla Market
Colorful bicycle serndipitus, unlock and there appeared throughout the week. Who says that the city of New York has a crime problem?
Most of the mind experience: Magician/mentalist In Aptos Lounge, which questioned me the laws of physics.
Most Digen Branding: “One app. 150x leverage. 113% April” – Merkal Trade.
Final permissions: It is good to get off the couch and see people for real.
And this is a wrap for permitted IV.
Thank you for following this week and I will see you on the next one.
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