Reminds me of this kind of amazing stat from @tylercowen's book, Stubborn Attachments: "The importance of the growth rate increases, the further into the future we look. If a country grows at two percent, as opposed to growing at one percent, the difference in welfare in a single year is relatively small. But over time the difference becomes very large. For instance, had America grown one percentage point less per year, between 1870 and 1990, the America of 1990 would be no richer than the Mexico of 1990."

Back online after 30 hours off the grid with the family. Nice to get away (and also fun to reconnect to the matrix because I’m an addict). Just a little warm up for next week’s six day grid-free excursion.

why does derek always write sentences I wish had written?

It’s simple: The lower SBET goes the more I buy.

My $rekt bag was comfy at 20m and it’s even comfier at $325m. My conviction is quite strong on this one, as you know if you’ve been following me. @osf_rekt and team are just a very rare combination of visionary, pragmatic, maniacal, connected, community-first, and culturally attuned. They are in the first inning of a multi year (multi decade) game, and it is bigger than most people realize. Like many things, it will be obvious in hindsight. Rekt is a fun, welcoming community and we’d love to have you along for the ride. $rekt world domination

This meme is taking on a whole new meaning this cycle It’s actually becoming real @6529er

The most important thing now is not to FOMO. Remember the lessons of the bear market, buy what you love and be prepared to take a multi year view on your collection.

I have a feeling a lot of people are going to sell a lot of things over the next few weeks and then just massively regret it in about 3 months.

the year is 2311 and the demand for intergalactic sovereign permissionless historically relevant rare objects has never been greater

immortalized public digital commonplace books