The SEC has activated a high-impact AI task force...
Welcome to another Nugget of Wisdom! A free weekly post I send out every Thursday. These are designed to be short and sweet, a quick read to (hopefully) impart some sort of wisdom, or at the very least to get you thinking about something interesting.
Towns is a decentralized messaging protocol built on Base. They have raised over $40mn, been building for 3+ years, and have built with a crypto native ethos since day 1.
They have their $TOWNS token launching soon, with 57% of the total token supply earmarked for the community, giving communities true ownership of the protocol.
Their first app, the Towns App, is a Discord/Slack style messaging app.
I’m a big fan of everything they’re doing, and love how they’re disrupting the industry in a way that gives ownership and power back into the hands of users.
If you want to learn more, here are some of their important links:
In partnership with Towns,we also launched a Town for ZenAcademy that anyone is able to join, so hop on in!
Something I have been thinking a lot about lately is an extrapolation of the well-known Jim Rohn quote:
You are the average of the 5 people you spend the most time with.
I think there’s a lot of truth to this, and I think it applies to more than just the people you spend time with. In an age of endless and infinite content and consumption, I think we’re also the average of the 5 main places we consume content from.
I notice this in myself all the time. A fairly benign and superficial example is that if I am re-watching Seinfeld, I find myself to have a better sense of humour. Being funny and ridiculous is a bit more a part of my life vs if I was re-watching, say, Breaking Bad.
This applies regardless of the content you’re consuming. Reading a book on Stoicism? You’re way more likely to be immediately acting stoic, vs in six months time when you’re reading a fiction book and Stoicism is only taking up a small portion of your daily conscious attention.
And, of course, it also applies to social media and the people you follow.
This is neither a good nor bad thing — it is simply a fact. But I think it’s something that most people don’t really think about. We all tend to go through our day-to-day lives on autopilot, consuming the content we consumed yesterday, reading the tweets, watching the reels, and listening to the podcasts that we listened to yesterday.
When it comes to crypto, the impact on your trading and financial decisions will be monumentally different if you’re consuming content from someone who is trading memecoins vs a BTC maxi vs an InfoFi content creator vs someone talking nonstop about airdrop farming.
One of the dangers is getting subconsciously swayed by the algorithms such that your feed is full of content that doesn’t really align with your intended trading philosophy. This is how doubt starts to creep in. You never set out to trade meme coins, but now you’re seeing all these big accounts talking about how much money there is in them, maybe you should be trading them??
You never intended to be a BTC maxi, you’re too fascinated by the technology of other blockchains — but now you see all these big accounts talking shit about everything that’s not Bitcoin and are questioning selling all your other positions??
And so on. Again, inherently, there’s nothing wrong with any of this. It’s good to expose yourself to different worldviews, and to see what other people are thinking, and then work out if you want to apply that to your own situation or not.
The danger is when this happens automatically, and subconsciously. Without intention.
It happens in a way that makes you wake up months (or even years) down the line and go “oh, god, how did I end up here???”
What can you do about it? Tbh, to a certain extent, not much. You’re gonna succumb to periods of autopilot, of going with the flow, etc. That’s normal.
To another extent though it doesn’t take that much effort to give yourself a wake up call. Every now and then, audit your algorithms, audit who you’re following, and audit the content you’re being fed on a daily basis.
Make sure that the 5 influencers, the 5 content pipelines, and the 5 people you are consuming the most from… are all aligned with the type of person, and investor, you actually want to be.
Thanks for reading! In case you missed it, check out Monday’s post below 👇
Letter 73: DeFi & Yield Farming (Part 1)
Decentralized Finance (DeFi) is, to me, the single most exciting thing about all of crypto. It’s what really made things click in my brain and made me jump in to the space full time in 2021, and it is what keeps my conviction high amidst all the scammy scummy crimery that tends to take place in the dredges of the cryptosphere.
