People talk a lot about scarcity in crypto. Whether it’s enforcing digital scarcity through NFTs or the idea that “there’s 55m millionaires but only 21m bitcoins”. In reality, the only scarce resource in crypto is attention. Risk-seeking capital is certainly not scarce. People that joined crypto in summer 2021 are raising multi-billion dollar funds to explore “the metaverse” and to decentralize Uber. One billion dollars is not very much money anymore.
I hope Cobie doesn’t get bored and continues to write with this much enthusiasm in 2022
You might also enjoy this from 1997. https://www.wired.com/1997/12/es-attention/
If all I could get for Christmas is a newsletter from Cobie every two days then my year gonna end smoothly. Amazing article again.
When I read these posts I understand my own pain better.
this is advertising 3.0 🤓
Awesome Cobie : )
I especially love "Holding “Winners” through thrill-stages is only for the mentally-stable, functioning human beings with well-balanced lives. Maybe I will be one of them one day."
While that is what I do, It is more likely just old and tired than mentally stable : )
Cobie how about sending me 1 eth so i can buy my very own nft. It wont hurt you youre a fucking billionaire. I swear i will never stop tlking about NFT's to my family of you give me this life changing amount. I live in the PH and 1 eth is enough to change lives. If what you say about nft's being helpful is true, then prove it, be a source of positive change through cryptocurrency. Here is my ETH ERC 20 WALLET
Is there a metric, website or tool etc. investors can use to rank "network effect" of projects to perhaps sift the "hot" projects garnering attention from those that have built community/ecosystem and better value? Thanks for sharing your candid opinions and all the great guidance shared on your show. So so so very helpful!! ❤🙏🏼
dark mode bls
Genuinity has even more scarcity and it has the ability to attract attention. Hard to spot, even though in retrospect it looks inevitable. Thanks for sharing such wise thoughts.
Let's bump $CTK into a WINNER rn. It's currently niche.
Founded by Chair prof of Computer science at Yale
Partnered with Binance and Project Shield which uses CTK oracles to secure all projects on Binance
Partnered with Arbitrum and Optimism and Matic and more.
380b in value secured, only 100m cap.
Solves the problem of code scalability with its proof of proof formal verification. Solidity code writing today is unscalable as its specifications have to be constantly audited. CTK's CVM is EVM compatible and allows code writing to be matched with its intention in real time with checks. Revolutionary!
Thanks Cobie, great to see you write, and share your insights. I put your insight up there with Balaji, and Chris Dickson, only you bring a much more practical aspect. Looking forward to reading many more posts from you bro!
Yo - testing it out here. Hi there, I have an idea for a startup that will revolutionize the traditional distribution industry and create future opportunities for the entire pharma and FMCG industry in a third world country. The idea is game-changing and will compete directly with a monopoly. I need to raise $100,000 USD in crypto or fiat to build a small team of three and support myself while I pursue my dream. While I lack technical expertise, I have a strong commercial background, having worked for top FMCG and Pharma companies such as Reckitt and GSK.
Cobie and buddies - there are lots of people taking chances out there on projects and I was thinking if any of you could point me in the direction of an angel investor who might be interested in funding my project? Or help me raise funds? I have no product to show, but I have a proposal and data to share the potential of revolutionizing a US$ 2.6 billion industry.
Love this. There is also a theory saying all tokens will go to zero long-term -> when web3 users = owners the token is just an utility like that keeps the lights on. https://georgesalapa.substack.com/p/why-the-detachment-of-defi-from-real?s=w
hahaha "even ADA"
Great inside mister Cobie, thanks a lot