Flipside Crypto - Why I'm bullish on the '23 bear
Gm Bears are for Building Readers. I’ve been thinking about the title of this newsletter. “Bears Are for Building”. The meme’s been around a few years, and at this point it’s more a subconscious understanding than something we say much anymore. Every Friday, I write a note to the Flipside team. I figured I’d share the last one of 2022 as it provides an insider’s look at building a company while navigating a crypto bear market. It starts, as all good bear stories do, with, well, dogs. Woof. - Dave Balter, CEO, Flipside (P.S. Subscribe here to the newsletter Dave mentioned) __ Note to Flipside, 12/30/22 We all know every human year equates to seven dog years. Or we all thought we knew that. Because, well, it turns out that the Veterinary Medical Association offers a more complicated equation. Animal docs will explain that 15 human years equals the first year of a medium-sized dog’s life. And year two for a dog equals about nine years for a human. After that, each human year is merely five years for a dog. Sh*t, I guess let’s just say 7 years and be done with it, ya? The point (of course) is that every human year equates to roughly 70 crypto years. About that. Well, everyone knows your first year in crypto equals 200 years of technical, financial and social innovation for moderately intelligent humans. Within a year or two (by the time the chill of your first crypto winter sets in) you’re likely still partial to cliches like “truth is stranger than fiction” and “you wouldn’t believe it if it wasn’t true.” And as you near year five, you’re no longer clinging to the cliff wall by your fingertips. You’ve put down the LDH big-flow, low-pressure firehose you were drinking from. A year feels exactly like 382 days (17 extra days due to lack of sleep, friend). Let’s say, for example, your fifth year in crypto happened to be 2022. Here’s what it might look like:
While I’ve been blathering, I know all you can think about is the age equation of your 1 year old ferret (hint: it’s 22 human years). And if ’22 was your first year in crypto, you may still be asking yourself what dimension your spaceship traveled to. If it happens to be your fifth year, well, it’s just been another typical year of challenges and opportunities on the footpath to changing the world. <Holds watchless-wrist to ear, and (of course) still hears the ticking of crypto time> Entering the Flipside 5 year club: Jim, Eric, Omkar, Avi, Angela and me. Rest up natives, 2023 is going to be something else; it’s the ride we’ve been preparing for all along. -Dave (Thank you for reading Proof of Data. If you enjoyed this note, share it with someone!) Looking to grow your skillset in Web3? Our friends at MetricsDAO are offering two free courses to become a data analyst. Join the live course for live sessions, office hours, a cohort and more. Or, take the course on your own time; register for the a-sync version here. |
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