Awesome piece Jesse, as always. And thank you for listening to Chamath for me so I don't have to.
My favorite part is your statement here: "I believe that everyone should metaphorically opt out of this sickly version of America, altered from the founding vision of capitalism and honest money. Not leave in the literal, physical sense. Instead, in the monetary sense."
He's certainly not the hero that he sometimes likes to think of himself as. Perhaps the moral arc of the universe will bend towards a reckoning for these accidental OGs (but perhaps it won't, and that's okay too)
Love your work Jesse, and this one is great because it clearly shows where Chamath has so (obnoxiously) got it wrong. Backed up by logic and numbers that can't be argued with - though I sure would love to see him give it a shot. You absolutely destroyed him (in a respectful manner), and I'm here for it.
I do wonder if Chamath suffers from the same affliction as a lot of the early adopters (Winklevii included). One of blowing your wad early and losing most of your stack by chasing unicorns or shitcoins. This is pure speculation of course, but it would explain his Bitcoin hate in the last little while.
Bitcoin humbles everyone, powerful or pleb. If you allow yourself to be humbled, Bitcoin will welcome you back with open arms - if you got an ego, you'll HFSP (relatively speaking).
Thanks HM! That's a great point, he certainly has waffled between being very boastful of how clever he was to get a large Bitcoin position & at other times, snide and dismissive about Bitcoin. Quite possible that his success with BTC has caused him to make net negative forays into other cryptos (though his Solana thing sure seemed like a fiat winner). But hubris builds until Bitcoin humbles! So there's time for him yet
Awesome piece Jesse, as always. And thank you for listening to Chamath for me so I don't have to.
My favorite part is your statement here: "I believe that everyone should metaphorically opt out of this sickly version of America, altered from the founding vision of capitalism and honest money. Not leave in the literal, physical sense. Instead, in the monetary sense."
Thanks Justin! Appreciate the compliment, and I'm glad that line resonated. And agree on Chamath, he has a gift for coming across obnoxiously
I hope Chamath sells his bitcoin. He is clearly a villain in the bitcoin story
He's certainly not the hero that he sometimes likes to think of himself as. Perhaps the moral arc of the universe will bend towards a reckoning for these accidental OGs (but perhaps it won't, and that's okay too)
Love your work Jesse, and this one is great because it clearly shows where Chamath has so (obnoxiously) got it wrong. Backed up by logic and numbers that can't be argued with - though I sure would love to see him give it a shot. You absolutely destroyed him (in a respectful manner), and I'm here for it.
Thank you Chryss! What an awesome compliment, really appreciate it. And yes, that is the perfect word for Chamath - somehow embodies obnoxiousness
Another banger Jesse!
I do wonder if Chamath suffers from the same affliction as a lot of the early adopters (Winklevii included). One of blowing your wad early and losing most of your stack by chasing unicorns or shitcoins. This is pure speculation of course, but it would explain his Bitcoin hate in the last little while.
Bitcoin humbles everyone, powerful or pleb. If you allow yourself to be humbled, Bitcoin will welcome you back with open arms - if you got an ego, you'll HFSP (relatively speaking).
Thanks HM! That's a great point, he certainly has waffled between being very boastful of how clever he was to get a large Bitcoin position & at other times, snide and dismissive about Bitcoin. Quite possible that his success with BTC has caused him to make net negative forays into other cryptos (though his Solana thing sure seemed like a fiat winner). But hubris builds until Bitcoin humbles! So there's time for him yet
Thank you Johannes! If only it was a requirement to run for office that you had to have run a P&L for at least a business unit, if not a whole company