New from Tim — "Q&A with Tim on Wealth and Money, Book Recommendations, Advice on Taking Advice, and More" and "Why I’m Open-Sourcing an NFT Insider Trading Policy for the Web3 Community"
New from TimThe latest from author and investor Tim Ferriss |
Hi All,
Please find your weekly roundup email below. The 5-Bullet Friday newsletter is coming on Friday, as always.
✍️ New blog post:
Why I’m Open-Sourcing an NFT Insider Trading Policy for the Web3 Community
🎧 New podcast episode:
Q&A with Tim on Wealth and Money, Book Recommendations, Advice on Taking Advice, C.S. Lewis, Relationships, Behavior Change and Self-Awareness, Why We Are All (Mostly) Making It Up as We Go, and Much More (Brought to you by MANSCAPED premium grooming products, 80,000 Hours free career advice for high impact and doing good in the world, and Helix Sleep premium mattresses.)
Short descriptions are below.
Enjoy!
✍️ New blog post:
Why I’m Open-Sourcing an NFT Insider Trading Policy for the Web3 Community
I began diving into the Wild West of NFTs a few years ago. For me, NFTs were a convenient, muggle-friendly onramp for learning about new technologies. It was also an excuse to break out the pencils and screw around again. I’d let my drawing languish for years, and, no matter what people said, JPEG mania was inspiring.
After a few months of exploration, I felt confident, and still feel confident, in a few things:
- Web3 and blockchain will change the world in incredible ways. Before you disagree, listen to this.
- The promise is both severely overstated (Utopia! No more governments!) and severely under-appreciated (It’s just another Dutch tulip craze! Right-click and it’s game over!).
- It’s the greatest creator, resurrector, and accelerant of artists that I’ve ever seen. Graphic artist and musician friends of mine, jaded after years of barely making ends meet, touring to pay mortgages, etc., are not just excited again (no small thing) but also making good money. TBD if DALL·E 2 and related tech helps or hurts them; I suspect it will be a lot of both.
- Legions of brilliant people are dedicating most of their waking lives to it¹. This is perhaps the most compelling case for being long web3.
- Last but not least, most of web3 is still an overwhelming garbage fire of junk, grift, and bad behavior. It’s fucking ridiculous. This is the most common case cited for being short web3.
For me, this all started off as a safari to a new Weird Wide Web, a sight-seeing tour of novelty. I do this with a lot of new tech, and I was a casual spectator. Then I began doing little experiments and considering bigger projects of my own. That’s when I got more serious about research, especially risks and pitfalls.
Some of the unsavory bits I noticed were clearly unethical and often illegal, like deliberate fraud. There are bad actors, to be sure. That said, I think the majority of folks are normally good actors, and these same people can slip up and do stupid things under certain conditions. Temptation and accidents run rampant in a world of ambiguity. Much of the mess appeared—and still appears—to be a byproduct of unclear rules, lack of agreements, or misaligned incentives.
I often ask myself “What positive constraints can we apply here?” I apply this to myself for creative projects, and I apply it in many aspects of my professional and personal life. This question also led directly to the document in this post.
CLICK HERE TO CONTINUE READING...
🎧 New podcast episode:
Q&A with Tim on Wealth and Money, Book Recommendations, Advice on Taking Advice, C.S. Lewis, Relationships, Behavior Change and Self-Awareness, Why We Are All (Mostly) Making It Up as We Go, and Much More
Welcome to another episode of The Tim Ferriss Show, where it is usually my job to sit down with world-class performers of all different types to tease out the habits, routines, favorite books, and so on that you can apply and test in your own life. This time, we have a slightly different format, and I’m the guest.
As some of you know, to celebrate the 15th anniversary of The 4-Hour Workweek, which was first published on April 24th, 2007 (4/24/07), I signed 424 copies of the book. As thousands of you threw your hat in the ring to win a signed copy, I wanted to do something special for all the entrants. So, I invited those folks to a private YouTube Q&A. This episode is the recording of that session.
I answered many questions on a variety of topics, including startup investments, IFS therapy, my views on wealth and money, C.S. Lewis, lower-back pain, solitary time and its challenges, lessons from Kevin Kelly, books I’m currently reading, maintaining relationships, Japan travel tips, from whom to take advice (and how to evaluate advice), self-awareness, behavior change, my current alcohol consumption (or lack thereof), and much, much more.
I hope you enjoy it as much as I did.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Stitcher, Amazon Music, or on your favorite podcast platform. You can watch the Q&A on YouTube here. The transcript of this episode can be found here. Transcripts of all episodes can be found here.
This episode is brought to you by MANSCAPED! MANSCAPED is bringing you the total package to ensure your package is the perfect package. No, I didn’t come up with that line… but I tested and loved their products, so I can vouch that I’m still intact and ready for my centerfold shoot. Was it scary? Yes. Was it worth it? Also yes. My girlfriend makes the effort, so I figured it was only fair. MANSCAPED is the most effective way to keep clean, pristine, and looking like a dream through the sweatiest summer months.
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This episode is also brought to you by 80,000 Hours! You have roughly 80,000 hours in your career. That’s 40 hours a week, 50 weeks a year for 40 years. They add up and are one of your biggest opportunities, if not the biggest opportunity, to make a positive impact on the world. Some of the best strategies, best research, and best tactical advice I’ve seen and heard come from 80,000 Hours, a nonprofit co-founded by Will MacAskill, an Oxford philosopher and a popular past guest on this podcast.
If you’re looking to make a big change to your direction or address pressing global problems from your current job or if you’re just starting out or maybe starting a new chapter and not sure which path to pursue, 80,000 Hours can help. Subscribe to their free newsletter, and they’ll send you an in-depth guide for free that will help you identify which global problems are most pressing and where you can have the biggest impact personally. It will also help you get new ideas for high-impact careers or directions that help tackle these issues.
This episode is also brought to you by Helix Sleep! Helix was selected as the #1 overall mattress of 2020 by GQ magazine, Wired, Apartment Therapy, and many others. With Helix, there’s a specific mattress to meet each and every body’s unique comfort needs. Just take their quiz—only two minutes to complete—that matches your body type and sleep preferences to the perfect mattress for you. They have a 10-year warranty, and you get to try it out for a hundred nights, risk-free. They’ll even pick it up from you if you don’t love it. And now, Helix is offering up to 200 dollars off all mattress orders plus two free pillows at HelixSleep.com/Tim.
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5-Bullet Friday — August 12, 2022
Friday, August 12, 2022
"You must do the thing you think you cannot do." — Eleanor Roosevelt
New from Tim — Interviews with Will MacAskill and Russ Roberts
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The latest from author and investor Tim Ferriss
5-Bullet Friday — August 5, 2022
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"It is not despair, for despair is only for those who see the end beyond all doubt. We do not."
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