This article should be the README before getting into Crypto world.
First article to point out 21.co. What is their product ???
Read on twitter - A guy asked MA a question for 100$ on 21.co platform, got "NO" as answer.
100$ for a NO...So a guy spent his hard earned 100$ on a question to a VC.
VC made money, Donated that to charity to show off and gather "philanthropy" point in his smug circle, got tax savings maybe, his invested firm 21.co made money, 21.co vanity metric of donating to charity increased further.
But 21.co has a legitimate business model. They should have some sort of 3rd party metric guaranteeing a quality answer but I definitely like the premise.
Before you go on spending on Ergonomic what not setup. Try therapy.
Google it first - kind of pain (sharp or constant ) you have , exactly where you have ( thumb side or ulnar side), what movements are restricted by affliction, is it nerves or muscle etc...spend sometime finding what you have. Consult doctor if you have to.
Start therapy ...most of the time it's stretching/compressing exercise once or twice a day. You can easily see the improvements once you do therapy.
I recently suffered from ulnar entrapment syndrome ...googled it, watched videos, did suggested stretching for 2 weeks i guess. All healed.
1) If you need therapy, see a specialist, don‘t just google it. Your google diagnosis is probably wrong.
2) Therapy is a last result, will ease pain in the short term. But the pain will come back if you don‘t stop doing whatever causd the pain in the first place.
EDIT: replied hastily, you of course said "don't JUST google it"
> 1) If you need therapy, see a specialist, don‘t just google it.
This is rather country (and wealth-profile) specific. In England, often you need to really push GPs to take anything seriously or even do a blood test (in your 5-10 minute appointment). Doing some basic research before visiting can be useful. (I've even done a "yes I'm stupid googling things...so prove me wrong" act).
I agree, GPs aren‘t always helpful. I was thinking more along the lines of an orthopedist, a neurologist, or a physical therapist — people that have a lot of experience with the kind of problem you have. They can usually tell you in seconds what‘s wrong with your google diagnosis that seemed to fit all the symptoms. That‘s my experience, at least.
Do blockchain people have any other arguments other than decentralization, security, probable future monetary incentive. These arguments although sound have become cliched, every whitepaper has the same arguments, same methodology, same roadmaps, substitute noun and you have got a whole new whitepaper.
It's the lack of ideas of use of blockchain.
Ohh that business is centralized, ohh that guy is making so much money off it, ohh they sell user data, ohh they got hacked !! lets decentralize that business, lets make some crypto money while we can ( and unload it on suckers when crypto hits high ). we got hacked (oops) ...it wasn't us it's the underlying layer under the layer on which our "smart" contracts are based.
I don't care if zuck or anyone is making millions for a centralized product ..he should be he made that product. It was needed that's why people use it.
Data isn't safe with centralized network, they misuse it ..heck i have got a choice to share what i want, i can control it. Maybe educating yourself on what and what not to share is better.
Networks get hacked ..use 2FA, go MI6. Not everything comes with lifetime guarantee.
what if I don't want to make money off your blockchain protocol or ICO or early adopter incentive or what not.
I am curious to know reason other than mentioned above on why should anyone care about blockchain based protocols/networks etc.
Good: Hardly any entry of "Uber for X". That's a relief considering most "uber for X" are not viable businesses.
Bad: we are going after "billion dollar market". How do you even estimate the market size ?? why dream of revenue in billions why not millions. A small company can be a great company.
Bad: 50%-60% companies from day 1 or day 2 do not have mission critical business. Their business is finding a problem for some kind of solution that claim to have.
There's nothing wrong with million dollar businesses but I think these companies are going after VC money and well, that TAM better be in billions for those VCs to give a damn.
It's the fundamentals behind investing. Basically, you make no money gambling $10 ten times on 10% chance of success with $100 returns, but you make money if the returns are $10,000.
So, for investing in companies, there is no point funding companies aiming for millions as you can't get a good return because of the failure rates. They're basically taking up one of the slots of a potential billion $$$ company.
The point is for every 10 companies funded, have 1 become a billion $$$ company, while most of the rest will fail.
Say YC has a 6% stake, which gets diluted down to 1%(? I don't really understand this side of it) and then the company sells for $10 mill. Great for the founders, but YC only make $100,000. That doesn't cover the other 9 companies that failed (10 * $16,000 = $160,000 = $60,000 loss).
It is, but the corollary to that is that nobody knew ahead of time which companies where going to be the $1B and up companies and which were duds, also-rans or simply solid small to mid sized businesses.
No investor ever invested in a billion dollar start-up to be knowing that start-up was going to be a billion dollar company one day.
So those stats are based on one thing only: survivor bias and each and every investor will have to be satisfied with investing in what they believe to be solid performers with potential upside.
As much as I appreciate that's the VC model, perhaps less would fail if VCs didn't push for billions in revenue? The failure rate might be less than 9/10 if it wasn't "all or nothing"? Guessing it still wouldn't make enough home runs as an investment vehicle though?
That's assuming 90% failure when looking for sustainable businesses. There are some upcoming VC's which are doing well funding smaller companies. Momentum Ventures is one I know of.
There are quite some "Uber for x," but I'm guessing no one will mention Uber in conversations as it brings up bad memories...look closely from day 1. Marketplaces are effectively "Uber for x"
First article to point out 21.co. What is their product ??? Read on twitter - A guy asked MA a question for 100$ on 21.co platform, got "NO" as answer. 100$ for a NO...So a guy spent his hard earned 100$ on a question to a VC. VC made money, Donated that to charity to show off and gather "philanthropy" point in his smug circle, got tax savings maybe, his invested firm 21.co made money, 21.co vanity metric of donating to charity increased further.
Poor soul who asked question, got scammed.