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Helping People Appreciate Crypto, How Crytpo is Like Physics, Finding Meaning in the Work, & Making Things Right Beyond the Money (Reading/Study Notes 5.27.18)

Resource: How Do You Help People Appreciate That Crypto Is The Biggest Thing To Happen In The History Of Humanity?
Link: https://hackernoon.com/how-do-you-help-people-appreciate-that-crypto-is-the-biggest-thing-to-happen-in-the-history-of-788fcbdcac2a

Quotes:

On what he means by the term “crypto”

“I use the term“Crypto” to describe the totality of what’s now possible via the “technologies” blockchain, cryptocurrency, smart contracts and decentralization.”

On how to see the crypto light:

“The way to optimize the opportunity to see the Light, is to DO THE WORK. Read and learn. It’s not easy. It’s hard work. It’s the densest thing that I’ve ever learned about. But, to date, the time I’ve spent learning about Crypto has had the highest ROI of any time I’ve ever spent on anything in my entire life. You may do the work, and do the work, and never know when you’re going to see the Light. It happens in a flash.”

On how change is the constant of the tech world:

“Technology is always moving forward. Tech is always changing. The graphic below is a great representation of that tech dynamic: The graphic shows that IBM’s dominance of the mainframe world enabled it to control 75% market share of the total market cap of the top 100 tech firms in 1980. As the world migrated to desktop, IBMs dominance waned, and Microsoft dominated with a 30% market share. As we moved to mobile, Apple peaked at about 25% share of total market cap. So it turns out, that in tech, like most everything else, nothing is constant but change.”

On how crytpo is a gestalt switch:

“A ‘Gestalt Shift’ is when you look at something and see it one way, and then, with a different perspective (i.e. additional knowledge), you can look at the same exact thing, and see something totally different…If you appreciate that nothing is constant but change, and that there are Gestalt Shifts, I think you’re more likely to have the Crypto Light Gestalt Shift.”

How crytpo affects voting:

“One of the obvious things that will happen as voting goes on the blockchain, is that it’s the end of voter suppression. If the blockchain can solve for identity, and everyone has an identity, then everyone gets to vote.”

“Now think about what happens when you layer smart contracts on top of the voting. First, as part of my identity, I can include my voting preferences. I’m pro choice. I’m for stricter gun laws. I think climate change is a thing. Now when I go in to a voting booth, and give it my identity, it can vote for me. The blockchain will know about the candidates, and knows which ones have put their views on the blockchain, that most coincide with my views. Moreover, if the candidates stances are on the blockchain, then the blockchain can vote for the candidates. Candidates can now be accountable to their stated stances.”

“But it’s so much more than that. What if a power company wants to build a power plant. I can have a smart contract that says I’ll vote yes for the power plant, if they put six solar panels on my house and allow me to sell that electricity to my neighbors.”

Reflections:

The only way to see the crytpo light (ie. to understand it’s ramifications and gain from the rewards of such understanding) is to do the work. “Do the work” means “study your butt off” and take the time to learn the jargon, the asset classes, the underlying technologies, and the problems various crypto projects are trying to solve. He recommends following these writers: https://medium.com/tag/bitcoin/top-writers

Understanding crypto requires having a gestalt switch experience. You have to look at the world through different eyes and this takes time and effort.

Change is part of the nature of technology. When you look at the evolution of the personal computer from the first desktop to the current smartphone, you get a glimpse of how quickly things change. What’s taking place in the crypto world is an extension of this rapid rate of change.

Smart contracts can forever change the way we vote by eliminating voter suppression, holding politicians to greater accountability for honoring their stances, and much more.

Resource: Is Crypto (Like) A Religion? & 6 Other Crypto Thoughts
Link: https://hackernoon.com/is-crypto-like-a-religion-6-other-crypto-thoughts-c12a1e7f0453

Quotes:

On how crypto is more like science than religion:

“So is Crypto a like a religion? Well, some of the words used to describe Crypto do have religious connotations. But, to me, Crypto is more like physics. The blockchain enables trust. And then Blockchain and cryptocurrency couple to enable Decentralization at a scale never previously imagined. So to me, Crypto isn’t a religion. Rather, Crypto is the strongly held belief that because of these technologies, there’s going to be massive disruption and wealth creation (greater than the Internet), and the world’s going to be a better place. If that belief system is a religion, then I’m a happy Crypto disciple.”

On how crytpo will go mainstream:

“Even though YouTube was the 2nd or 3rd largest streamer of user uploaded content in December, 2005, it was still tiny. Then someone uploaded Lazy Sunday on to YouTube, and that day, YouTube became the fastest growing website in the history of the Internet. No one could have forecasted the impact of uploading Lazy Sunday on YouTube. It was lightning in a bottle. That’s the way these things generally happen. That’s the way it will happen with Crypto.”

“…it’s lightning in a bottle. but the harder we work, the smarter we worker, the more together we work, the likelier we are to capture that lightning and go mainstream.”

Reflections:

Crytpo is not merely a belief-system held by people who wish for a better world. It’s a set of projects based on technologies that are real, here to stay, and destined to change our world in a major way.

The crypto-revolution is not a matter of “if”, but a matter of “when.”

We may not be able to predict the precise nature, scope, and timing of the impact, but the impact is itself can’t be avoided.

Crypto will create wealth and transform the way we communicate in a way that’s bigger than the internet.

Resource: Advice to the Young from Pioneering Astrophysicist Cecilia Payne-Gaposchkin, Who Discovered the Composition of the Universe
Link: https://www.brainpickings.org/2017/07/26/cecilia-payne-gaposchkin-autobiography-advice/

Resources:

On dogged persistence:

“I have reached a height that I should never, in my wildest dreams, have predicted 50 years ago. It has been a case of survival, not of the fittest, but of the most doggedly persistent. I was not consciously aiming at the point I finally reached. I simply went on plodding, rewarded by the beauty of the scenery, toward an unexpected goal.”

On pursuing things as ends unto themselves:

“Young people, especially young women, often ask me for advice. Here it is, valeat quantum [literally “equivalent amount” in Latin, an idiom for “(let it be worth) as much as it is worth”]. Do not undertake a scientific career in quest of fame or money. There are easier and better ways to reach them. Undertake it only if nothing else will satisfy you; for nothing else is probably what you will receive. Your reward will be the widening of the horizon as you climb. And if you achieve that reward you will ask no other.”

On connecting directly with the fountainhead:

“There are those — and I am one of them — who rebel at having to deal with an intermediary. They want to go to the fountain-head. Someone who knows me well says that science, to me, has been a religious experience. He is probably right. If my religious passion had been turned toward the Catholic Church I should have wanted to be a priest. I am sure that I should never have settled for being a nun. If it had been directed toward medicine, I should have wanted to be a surgeon; nothing would have persuaded me to be content to be a nurse. As I look over the world of science, I picture most of the many women who are working in that field today in the role of nuns and nurses. They are not allowed — they are not supposed to be fit — to be in direct touch with the fountain-head, whether you call it God or the Universe. (But even as I write, this situation is changing.) Here I have had no cause for complaint. I have always been in direct touch with the fountain-head. No other mortal has made my intellectual decisions for me. I may have been underpaid, I may have occupied subordinate positions for many years, but my source of inspiration has always been direct.”

Reflections:

Cecilia Payne-Gaposchkin was the first woman to earn a Phd in astronomy at Radcliffe-Harvard and the first woman to occupy a chair at Harvard. She was initially denied a degree for her studiels at Cambridge because they wouldn’t accredit women at that time. As a woman pioneer in astronomy, she was the victim of institutional and cultural prejudice torwards women. She cites her persistence as the main quality that helped her reach great heights.

Many people prefer to have their thinking done for them. They prefer others to give them the answers. But the great achievers and thinkers are those who choose to go straight to God or their inner voice without intermediary.

In your career pursuits, seek after the thing that is a reward in and of itself because sometimes that is the only reward you get — the joy of doing the work and the growth that comes from it.

Resource: After the hiccup
Link: http://sethgodin.typepad.com/seths_blog/2018/05/after-the-hiccup.html

Quotes:

“Most customer relationships don’t stumble because something went wrong. Your best customers know that mistakes happen. It’s what happens next that can cripple the relationship.”

“How we recover from a miss is where the possibilities lie. If you’re open, engaged and focused on making things better, the door is open to build a resilient, ongoing partnership. Not just for customers, but for all the people we work with and count on.”

“Too often, we’re so focused on not hiccuping, or so filled with shame and blame when we do that we fail to allocate enough emotional labor to do the most important part–making things right. Not with a refund or a basket of fruit, but by truly seeing the other person, understanding what happened and doing the hard work to move forward.”

Reflections:

Making things right is more than giving a refund or saying “we’re sorry.” It’s doing the hard work of making sure the other party feels heard. You can’t win them all, but it’s still good to try your best with each individual. The key is to not be too reflexive or defensive. If you start the conversation by thinking defensively or by treating people as if they’re out to get you, you miss the opportunity for empathy and creative thought. Most customers know that mistakes and mishaps happen. Customers don’t want perfection. What they want is personal connection.

This is really one for me to consider more deeply.

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