I Consulted Over 50 Crypto Projects — Almost All of Them Do Not Know What They’re Doing.

While many will try to supplement knowledge gaps with crypto-native VCs/advisors who tout they can handle the tokenomics, in reality, the one-in-a-million game is going to be a result of crypto-natives working hand-in-hand with experienced game developers/economists to take a “player first” approach to solve difficult design problems.

Mental Models
1) First Principles Thinking Take the time to learn the basics of any concept that you start to learn to deconstruct any complex problem into simpler subparts and build your understanding from the ground up. 2) Feedback Loops Reinforcing loops are of two types, positive and negative. As the name suggests, positive feedback loops posit... See more

The deadline for YC S24 is tomorrow. Here's why you SHOULD NOT APPLY TO YC: YC seems like a reasonable proposition. They give you some money to help start your business, and they promise you access to a community of people that can help you along the way. In exchange, they don't ask for much. The standard YC deal is $500K for 7% equity. That doesn... See more

A successful, scalable project should have an obvious problem and a robust solution, regardless of whether it is in the crypto industry.

I felt like a sucker, not just for playing someone else's game, but for playing it under the guise of making the world a better place. Not only had we not conceivably accomplished much of any good, we'd arguably made things worse in granting legitimacy to a crypto trading protocol that abetted financial mania. It's actually laughable in hindsight –... See more