Notes 0003

Rough notes collected via twitter spaces. These notes do not necessarily represent my own thoughts/beliefs.

• Role of provenance in NFTs
  • Someone gives example of houses in Hollywood being more valuable because such-and-such lived in it
• Cycles
  • Make money and cash out during bull market. Then build during bear market.
  • “New money buys old money who’s selling, and then they get screwed during bear. Until (?) next wave of new money buys their stuff.”
  • People right now building wisdom in this bull market. Community. Connections. Can hopefully leverage that.
  • Globalized world and things never stop so cycles go faster. Crypto you “have like 1 year bull markets.”
  • People comparing to tech cycles but it’s a new form of money so maybe the comparison doesn’t work.
• Someone in fine art talking about how things that are groundbreaking are valuable long term.
  • Gives example of how there wouldn’t be rap or rock or Warhol without Marcel Duchamp
  • [Is this true? And at the end of the day, does the causality matter so much as the perception?]
• Someone talking about how if they don’t get something, don’t understand it, they just stay away
• fungibles built 8 companies
  • Says what we’re in is a big shift, a type of magic he hasn’t experienced ever
  • Says he loves building companies, but there’s a whole model about how you build a company, traditionally speaking, and crypto smashes this framework
• Note to self: need to think about what gives something value. Say you don’t like a collection and don’t buy…but is there cultural significance you’re overlooking? Maybe then you would care, you might view it with more nuance or a different angle; but if you don’t that’s still fine.
• friendswithyou (artist)
• fungibles talking about trading futures in bear
• What – if/when significant enough to be actionable – is the probability of market cycles/patterns and what makes it so?
• Self-custody/safety – store seed phrases on dog tags from petco, in cryptosteel, in separate banks; bury it, base on books(?)
• Person talking about creating seed phrases via books, page numbers, and words on specific pages
• M. Shadows – get things you like/care about (in chat with Deeze)
  • says he believes in the Craniums