My favorite books give me a new type of X-ray vision. They teach me how to see new layers of the world I didn’t understand or even notice before.

When you put information online, you get distribution, sharing, collaboration, etc. When you put it on-chain, you get immutability, verifiability, monetization, etc. On-chain is not suitable for everything, just like you don’t put everything online. Putting something on-chain is a stronger version of putting it online.

A framework I use often is the evolution from the physical version to the intermediate form, and then to the internet-native version. If you’re into electrical engineering, you can think of this as the evolution from analog to analog/digital, and then to native digital.

Every day, first thing, most people get a blend of randomness all at once. In this high-dimensional space, you’re being pulled in a bunch of different directions, not really making progress. Progress is doing some math today and doing some more math in the same area tomorrow. A little bit of compounding progress along the same direction each day

The 6 Ps are a useful checklist. Product—What are you selling? Person—To whom? Purpose—Why are they buying it? Pricing—At what price? Priority—Why now? Prestige—And why from you?

How to change the world: Discover true facts. Acquire sufficient distribution.

Technological innovation drives moral innovation. Human nature may be roughly constant, but technology is not. New technology leads to the re-evaluation of existing moral principles and, sometimes, to new ones.

Managing A founder’s role changes a lot as a company grows. An analogy from the sports world: 1–10 employees: player 10–100 employees: coach 100–1,000 employees: general manager 1,000+ employees: commissioner

Don’t argue about regulation. Build Uber. Don’t argue about monetary policy. Build Bitcoin. Don’t argue about anything; just build an alternative. Don’t argue with words. Build products based on truths many people can’t grasp. If it works, they’ll buy it. Their incomprehension is your moat.