Categories
Finance Startups

Day 1147 and Balkan Crypto

I’m in the Balkans for a few weeks doing some scouting and visiting with friends and colleagues. The western Balkans including Albania, Croatia, Bosnia and Herzegovina, Bulgaria, Serbia and Montenegro are known for their occasionally colorful participation in cryptocurrencies.

The region has experienced currency volatility, struggles with central banking and even in Albania a civil war stemming from a financial crisis over government Ponzi schemes.

These negative experience with currency instability, government corruption and sociopolitical unrest has led to a desire to experiment with transparency and decentralization amongst the region’s youth.

The ecosystem is host to serious projects has a talented base of engineers. Ripple is experimenting with a national stable coin in Montenegro. Zuzalu, the two-month invite-only gathering that Ethereum blockchain co-founder Vitalik Buterin led in Montenegro has been a regional hub. And it has inspired a new grants program Zu- villages that strikes me as a cross between network state and a DAO with Gitcoin.

In an editorial in Bitcoin Magazine the founder of the Belgrade Bitcoin Hub summed up the “why”

As a result of years of unfulfilled promises from regional politicians, people of the Balkans are hard to convince about the long-term benefits that can be realized by adopting Bitcoin in one’s life. A low time preference way of life to most people in this region is associated with disappointment and the lowered standards of living that have happened many times before.

Plumski founder of the Belgrade Bitcoin Hub.

Categories
Community Startups

Day 1145 and Vitality

The most gratifying part of early stage startup investing is the vitality. When you are in the mindset of optimism, all things are possible.

I first met Isaiah Taylor about a year ago. We found each other on Twitter. I cold DM’s him with “you seem interesting.” We’d hop on the phone and go through what he was working on in long strategy talks.

I think in our first conversation we spent half an hour just discussing origin stories. We’d both had strongly American west families and we were neighbors in the upper Rocky Mountains. We shared a Christian faith. I liked his style.

Those early rambling sessions when a founder is discovering their market and their unique talents is a precious time. I knew I wanted to invest in him long before Valar Atomics had come into focus.

Ambition and vision are honed over time as you broaden your horizons. It’s the most fascinating tension. The bigger you dream the more you must see your path clearly and pursue it relentlessly. Vitality begins with knowing where to apply your will.

I feel the optimism that Isiah has brought. And I admire how he has taken it to a bigger community. Watching the El Segundo community self-mythologize in real time during this weekend hackathon has been an exercise in collective application of will. Like its cousin in techno-optimism e/acc , the American dynamism “new vitalism” egregore values building for the future.

@ADoricko and @isaiah_p_taylor opening up the Gundo Defense Tech Hackathon via Rasmus

Categories
Aesthetics Emotional Work

Day 1143 and Wastewater

I’m not a fan of Ed Sheeran but this quote on the creative faucet came to me today through Julian Shapiro’s Twitter profile.

If you turn a dirty tap on it’s gonna flow shit water out for a substantial amount of time and then clean water’s gonna start flowing.

Ed Sheeran on Songwriting

As a fan of practice and repetition (you need only look at my daily numeric total for evidence), this metaphor spoke to me.

I do feel as if I’m currently in the wastewater phase of a few things. It’s just lots of shit and unrelenting in quantity. I imagine this is relatable to a lot of people.

It’s my hope that the clean creative waters will flow more easily soon.

Categories
Internet Culture Travel

Day 1139 and Coming Back Online

I took some time off the grid last week to refocus. I found it to be a bit more tiring than enlightening but I did benefit quite a bit from time offline in the quiet.

I was whisked into some immediate local concerns getting a home base set back up in a city. I speed ran the basics. I feel as if I’ll be coming back online shortly.

This morning, despite a slight cold, I enjoyed the six hour head start I had on the markers today.

After being extremely offline for a week and change, it felt fun to submerge myself in earning season discourse, inflation data, and other concerns of industry.

I’m excited for the problems in front of me, I like my placement on the board, and I trust I will play the hands when the time is right.

Categories
Travel

Day 1131 and Cabin In The Woods

I’m pretty far off the grid right now. I’m taking this week to get some time offline to do focused work

A common theme I’ve written about is the toll of stress hormones and nervous system fatigue that we are all experiencing as life accelerates.

I find I can better focus in my very online life if I’ve taken time to be extremely offline to compile my thoughts. So I’m in a cabin in the woods.

I’m in a small space that requires a certain discipline to maintain. The very considered space has all amenities of life but I am a little removed from the hustle and bustle of a city.

I usually have the option to get help with food or chores even when I’m home in Montana. But in this off the grid retreat I am responsible for all the basics personally. That slows me down to be in the moment.

I’ve got to make each meal for myself, wash each dish by hand, and otherwise maintain my small living space with constant “pick it up and put it away” intention.

It quickly becomes cluttered and claustrophobic if I don’t. The small kitchen doesn’t allow the sprawl of multiple meals to pile up. There simply isn’t the space.

It’s my hope that by being present and effortful in these daily activities I also find that I can be present for myself. Hopefully the insights are worth it as I can’t say I care much for cooking or cleaning. But it sure is peaceful.

Categories
Startups

Day 1125 and Planting Seeds

I like to get to know founders over time. It’s a canonical piece of advice passed down over venture lore that one should invest in lines not dots. Consider the messenger of course.

I’m sure to founders it can feel a bit self serving of investors to want to see a lot of traction before a commitment. That’s not what I’m talking about. I think as an investor, we have an obligation get to know a founder’s character and their approach to problem solving. Especially if you believe their opportunity to be enormous.

At the earliest stage our responsibility is to assess your capacity to overcome obstacles and to improve your skill sets to match. We need to know you will grow and flourish.

Nurturing a seed is the entire metaphor behind early stage investing. A seed round is such an optimistic name. If we must extend the metaphor that we are planting seeds then the work starts before anything goes in the ground. Good soil, good weather conditions, and the right timing matter a lot.

The anxiety inducing part of this is that my approach years I take time to cultivate potential founders for years. I never quite know when someone will go up for a fundraise. I have to wait and see.

But when it does happen. It’s such a miracle. No finer feeling in the world than having cultivated the right conditions for something to grow.

Categories
Emotional Work

Day 1124 and Go Within and Look Out

I am considering doing a pullback from social media for a few weeks. I must hone my instruments. Don’t worry, I’ll still write daily and you can message me on Twitter or send me an email.

I don’t like where my attention is being pulled and I need some time to reorient myself so I can more effectively pursue wider goals for the year.

While considering how this short term goal can serve me, I came across Daisy Alioto’s fine essay on refusal and the loneliness economy.

Much of the current attention economy demands that you turn your focus to this or that crucial “thing” even as engagement with others has few agreed upon social boundaries.

Even the nature of replying has changed, as Mariah Kreutter writes, “The Reply is ambiguous. It can indicate any level of intimacy, any level of investment, any level of care.”

Dirt.fyi “The Loneliness Economy”

So much is being demanded of our focus with so little being given in return. And yet we have to make such critical decisions about our own lives and future. I must go within myself to look out for

Categories
Media Startups

Day 1110 and Somatic

I’m upset. I feel it in my body. Soma apparently means “body” in Latin, somatic is “of the body” so to have a response in your body is a somatic response. I’m having a somatic response.

I’ve been surprised at the emotional campaigns that have been waged against technology in the general, and artificial intelligence in the specific, as of late. But I am starting to feel the emotional weight of the collective fear and emotion in my own body. Futureshock is here and the fear mongers are here to tell you and I that we should be afraid.

This weekend there was op-ed was published in IEEE entitled Open Source Artificial Intelligence is Uniquely Dangerous.”

The o-ed was written by David Evan Harris who is a chancellor’s public scholar at UC Berkeley. He used to work a Meta on ethical AI. Now this not the opinion of IEEE which is calls itself “the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity.”

You’d think that sort of mission would be a little more on board with new technologies. But maybe David is just an extreme voice. Op-Ed’s are meant to represent a variety of opinions after all.

But how should I feel about the benefits of technology when it’s presented to me like this? They used a skull to really get across the visceral fear. No friendly face to make a concession to our silly human anthropomorphic desires. Let’s scare the stupid hairless apes.

Don’t worry the government and regulations will save us from this psychedelic skull

I have an inherent skepticism when someone wants to sell me on the dangers of regular people having access to something new and potentially transformative. Why must we always default to the precautionary principle? Why is fear always our default?

I don’t want to let this sort of thing get to me. But I can see the narrative campaign being waged against artificial intelligence and the sheer volume and tenor of coverage leads me to believe that everyone is aware of its potential.

Claiming artificial intelligence is only for the knowledgeable few chosen by committee of expert sounds so sensible. But I think my body knows better. I should be upset by this.

Categories
Emotional Work

Day 1105 and Other Writing

For as much fluidity as my daily writing habit has achieved, I can still get caught up in a synopsis. I have relieved any pressure to make a daily dispatch (which took some effort) but a quarterly or yearly one can get me to glitch. I like to add more information to my modeling like any self respecting nerd. As much as information integration looks effortless it is actually a laborious process. I read tens of thousands of words every single day.

Now I do work from a strategy. Which means I only adjust my tactics on a weekly or quarterly basis. And I will not be sped up on assessing the character of individuals or the caliber of their ideas if I can help it. When I need to move fast I have to do it within the guardrails of what I believe to be right.

And it’s important to remember that heuristics some heuristics don’t need regular updating. Moral codes shouldn’t need much updating. Maybe you believed the wrong layer of abstraction and have to change your priors to align with your moral code. That’s totally fine.

But you shouldn’t be changing around your code of ethics. That’s how you get criminals. Arbitrage is never permanent. Criminals can have a stronger moral compass than business people or religious institutions. This fucks with everyone. I cannot account for all sinners nor most demands for purity. I can however hold myself to my own standards and so should you.

I do what I can to telegraph my own belief systems and where I derived them. There are lots of signifiers I leave in my wake. I am a Christian. I am a capitalist. I am a Protestant. I believe in markets and judicial review. I believe some things are beyond market but all things are subject to forces beyond our control. That’s how I ended up picking Calvinism as a sect but it’s pretty niche.

I’ve believe luck is just opportunity meeting preparation and you can do a lot to increase opportunities and even more to increase preparation. I don’t like rentiers but I do like the bourgeoisie. Property rights are good and regulations are only as good as the people that make them. That’s why we I’d prefer we have fewer laws. We must act deference to our own failings as human but never so much that it harms our capacity to organize.

Categories
Internet Culture

Day 1098 and We’re Back

I wish I hadn’t had insomnia last night as clearly ever came back to work today. It was electric in the hive minds of Twitter today. I am revisiting all kinds of priors as the timelines of different subcultures return back online.

I don’t know if anything I saw will stick but it’s clear that influencing public opinion is on everyone’s agenda. Elon Musk may have absolutely no zero intuition for how his narratives will play and maybe he doesn’t care.

I don’t think he means ill for what is still the only really unsupervised place for elite opinion influence and people are running wild with it. I’m almost sympathetic to Russian troll farms. It’s got to require enormous compute to keep on top of billions of malleable propaganda ready minds.

WhatsApp having trouble with “gm” tweets overloading the application has to be an urban legend but you can almost see it being true. Can you imagine every timeline across every cosmopolitan center pinging online and interacting with all the pieces of content that came before it? It’s a glorious perpetual process and I need to step off the wheel to rest. But I’m glad we are so back.