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Fred Ehrsam
Systems. Previously co-founder .
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Fred Ehrsam retweeted
Taylor Pearson May 19
Helpfully annotated version of the Bitcoin White Paper. My favorite line which nearly every subsequent project has failed to grasp: “The network is robust in its unstructured simplicity.” Bitcoin: A Peer-to-Peer Electronic Cash System - h/t
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Fred Ehrsam May 19
killing it in new part time role as a photoshoot accessory
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Fred Ehrsam May 19
Replying to @Altimor
And then the question becomes: to what extent do you internalize the preferences of the market? Do your preferences and the market's preferences evolve to become the same thing?
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Fred Ehrsam May 19
Replying to @Altimor
To your point, it’s easy (and pretty rational in liquid markets) to conflate the market value of goods/experiences with how much you individually value them.
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Fred Ehrsam May 19
Replying to @Altimor
Or per good/experience measure of personal utility. Extreme example: do you value a toothbrush or a Ferrari more, assuming no secondary trading?
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Fred Ehrsam May 16
Replying to @blakeir @dwr
Yes, but it’s also seductive. The best learning comes from direct experience. And Twitch can give the dopamine hits of simulated talent without the underlying work or skill.
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Fred Ehrsam May 14
Protocols for decentralized data storage (ex: /) are the likely counter-trend and beneficiary.
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Fred Ehrsam May 14
"Ideas are regarded as property. As unique and original lots with distinct boundaries. But ideas aren't so tidy. They're layered, they're interwoven, they're tangled. And when the system conflicts with reality, the system starts to fail."
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Fred Ehrsam May 7
For higher growth (and more volatile) economies, this means inflation target with larger buffer above 0% to avoid deflation. For example, India currently growing 7.3%/yr, central bank targets 4% inflation:
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Fred Ehrsam May 7
Attempt at practical framing: goal of inflation target is maintain psychology of “spend rather than hold”. Also, traditional central banker risk/reward says better to have slightly higher inflation than risk deflationary spiral. Thus 0%-2% US target rather than -0.5%-1.5%.
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Fred Ehrsam May 7
Replying to @devonzuegel
At some level it makes sense for everyone who benefits from an economy to help fund it. I can also imagine this accelerating us to a Snow Crash-like world of small, private nation states sooner.
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Fred Ehrsam May 7
Replying to @devonzuegel
How would you think about pros/cons of funding base of an economy as everyone benefiting from owning assets of the economy (inflation funding) vs just those in the nation’s physical boundaries (regular taxes)?
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Fred Ehrsam May 7
Replying to @naval
But effective for picking a challenge that stretches your current limits and helps you get to the next level. The brain designing its own video game difficulty curve 🙂
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Fred Ehrsam May 2
Replying to @AndreaCoravos
Thx for the image
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Fred Ehrsam May 2
Replying to @FEhrsam
Crypto is (generally) less rent seeking and harnesses greed, pulling in higher percentages of followers’ net worth.
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Fred Ehrsam May 2
Replying to @FEhrsam
Products which fulfill higher level needs command higher economics, and markets are great at providing them. Religions had a great business model at 10% of everyone’s income (tithes).
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Fred Ehrsam May 2
Interesting to look at crypto and religion through the lens of products which fill ascending needs in Mazlow’s hierarchy
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Fred Ehrsam Apr 30
Replying to @naval
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Fred Ehrsam Apr 30
Replying to @joeykrug
What’s your favorite example?
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Fred Ehrsam Apr 28
Replying to @LauraBehrensWu
👀
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