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Naval Ravikant on Clubhouse - 10/11/21
Naval Ravikant on Clubhouse - 10/11/21

Naval Ravikant on Clubhouse - 10/11/21

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James Pierce, Naval Ravikant
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44 Clips
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Oct 11, 2021
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Episode Summary
Episode Transcript
0:00
Fired by some of the conversations that I had publicly
0:03
that said, I am not enlightened. I'm not even sure. I know what the word means. I'm still very much a person. Still very much here still very much a creature of various desires and things that I chase. And, you know, honestly, I'm kind of enjoying life. So it's hard for me to leave it. It's hard for me to sort of check out of myself. Yeah, and I'm having fun winning the various games that I've played. All right, and I continue to play and I don't think you're completely out of it either, frankly, like yourself. Yeah.
0:30
Yeah, I don't, I'm not yeah, like you'd like to know what is it? The three big drivers, there's money. There's sex or children depending on where you are in that on that track and fame and I think you're still at some level, maybe not craving, craving is the wrong word. But your these, I'm playing your games. Yeah, you're open to the those games. Exactly. Yeah. So anyway, I don't know.
1:00
You might as well do something. So pick a game that seems like fun and play
1:03
it. Exactly. And I think this this all come from a position of luxury, like, none of us are in a war zone and I was a starving. None of us don't have a are missing a roof over our heads. So given that we were already pretty far up Maslow's hierarchy of needs from a historical perspective. It's kind of all gravy. Now, of course, there's expectations that each of us have built up within our character of where we ought to be. And when we fall short of those expectations were disappointed.
1:29
Adore in happy or angry or feel all these various emotions, but it helps to step back and realize that you don't actually need any of that. You know, that's the stuff that's layered on and it's kind of this manufactured personality on top. That craves these things, but it's still a fun game to play. Because if you don't play that game, there's nothing else to do. It's just really boring. Yeah, exactly, as well. Enjoy it.
1:48
Yeah. I kind of the way I look at it just, you know, you get to a point where your your say you're perfectly at. Peace. Well, what are you going to do? Are you going to sit in a room and meditate for the rest of your life? Of course, not that?
1:59
I mean, quite frankly, that sounds really boring. So eventually you have to get up and go do something. So you might as well do something that seems like fun.
2:06
Yeah, I mean, so I've actually cut down my meditation. Recently. I enjoy meditating. It's fun. When I do it. It's good and, you know, it seems to have some value. But that said, every time I sit down to meditate, the first few minutes are always difficult in the sense. I want to get up and leave and I realize, like, if meditation was easy, I do nothing else. I just sit there the whole time and just be in deep.
2:29
Meditation, but there's that voice in my head, that always keep saying, okay. This is a waste of time. Okay, this is boring. Okay. Are we done yet? What time is it? And if that voice didn't exist, I'd probably just rot on that on that chair and died. So it's probably a good thing that it
2:43
exists.
2:44
That's interesting because that's not that hasn't been my experience of it. I kind of because I was never a big meditator.
2:51
Yeah, you're not a meditator at all. Yeah, I don't meditate at all anymore. Yeah, you know, I did it for
2:56
maybe six months and then I stopped and I kind of went to the route of self-inquiry and I'm very much at a point where if I want to, you know, sit and have a quiet mind. It's very easy for me to get there, but I don't actually think I've told you this before, I don't like walk around.
3:14
Flexing that muscle so to speak. Like I don't I don't walk around trying to have no thoughts whatsoever because it just seems like a waste of effort or waste of time to try and do that
3:26
but it's also failed struggle, right? Who is it? Exactly trying to not have a thought? And then the easiest way to have a thought is to try not to have that thought. Yeah, there it is in your mind. Yeah. There's a Jed McKenna thing where he says like if you don't want to get cancer, like don't think about cancer don't even think like I don't want.
3:44
Sir, because just by thinking it, you're making it real and we can the way the universe works is it doesn't know positive or negative. It just whatever you're thinking about you end up and I found that really disheartening because the moment he said that I couldn't stop and think about cancer and all the terrible fix stop thinking about so I can't believe that's true. I mean, it gets a little. Whoo, the way he's talking about, like, whatever you think about is the way, the universe works. Maybe that's true, but my experience has been. No, it's not that the Universe honestly works that way. It's just that you work that way, whatever you think about is what
4:14
Focusing on like when you're driving the car, wherever you're looking is, we're going to end up driving regardless of where you think you're turning the steering wheel, too.
4:21
So, yeah, I think I think that is much more accurate than a lot of what you read about like manifestation. For example, like you look at people talking about manifestation as a way to try and get wealthy Warren Buffett, never talked about manifestation that that would be so out of character for him to talk about that, but he got well feed. So I'm I'm firmly convinced that part of manifestation if there.
4:44
Is such a thing is that actual desire that you have to go out and do the things that create what you really
4:50
want?
4:51
Yeah, actually wealth creation in a modern technological Society is the only thing on which I consider myself a face, even a quasi expert, everything else. I'm an amateur at. So I don't even know why people listen to me in the other stuff. And the fact that, you know, if you're, if you're successful and rich people will listen to you on anything. They seem to think you're good at everything. So that's fine. I'll take the credit, but it's the only topic on which I feel qualified to talk about. So when we end up in these situations, I hate talking about spirituality because I think we know what the heck it is. It's hard for me to Define it and
5:20
It's hard to articulate it because I think it's very personal thing. But I'm always happy to take questions and wealth creation should be bouncing people up here with questions about anything. Yeah, let's do it. Okay, as long as you're not rude people have their hands up so
5:35
Let's see. Who do you want to let up going through a list?
5:40
I have to admit, I don't love it when people don't have any bios. I mean what kind of psychopath has? No Pato? This is invited somebody up. See what they have to say.
5:50
Yeah.
5:55
Davies oh Molly. Oh Duke. Did I say that right?
5:57
Yes. Hello everyone. How's everyone doing tonight? Good guy here. So my my question is generally around the practice of mindfulness meditation meditation. I've been, I've been practicing for quite a few years. Now, about three years, roughly. I fairly recently go introduced to a practice of like effortless.
6:25
You know, we are you sit down and you essentially just that your mindset to
6:32
and you don't make any attempt at like observing
6:35
thoughts. I'm really curious. Yeah, you know just generally what your thoughts
6:42
are on
6:44
effortful this is effortless
6:47
and you know, whether it's worth. Yeah, you know, just what's
6:51
worked for you personally in terms of you know, whether you
6:54
Use objects to focus on
6:56
while you aim to train your attention
7:00
or whether you generally just kind of,
7:02
yeah, effortlessly, let things flow just really curious what your thoughts. Are. They
7:07
firstly? I'm really disappointed that you aren't just trying to get rich. It's all right. I'll take a stab at it, man. James, maybe if you want to go next. So, the meditation style that I've tried in practice that work for me was the effortless meditation. I was never
7:24
able to make the effort based forms work because another patients and I couldn't sustain the effort from what I understand. The effortless meditations. Are the so-called direct paths. They can work really well. You can use them for, do them for long periods of time. There aren't full of suffering because they're kind of, if it's actually pretty easy to just let go. And I think that they definitely do. Leave you quieter more, peace of mind, more happy more in the moment and sort of they automatically will lead you to
7:54
Moments where you're just observing or your mind is quiet. So that automatically take you to a witness state. That said there. It's incredibly hard to articulate. The benefits of meditation. It's one of those things that you just have to do, and you just have to do it for long enough that then one day you wake up and you're like, oh, I have a clear mind or our feel more peaceful. That said, I I've done effortless meditation. Very regularly for years and years and years and it still didn't lead me to any sort of ending breakthrough, you know where I was like, okay, now I'm done.
8:24
Other than maybe it just got to a point where it's like. Okay. Well, I don't I don't see the value in this lie doing this all the time and I'm much more interested, nowadays into what I would say is just figuring things out at a certain level, where they seem very, very true to me. And then naturally, my demeanor and outlook on life changes. So it's more peaceful what I think James would call self-inquiry, and I'm less interested in meditation, but I wouldn't take anything away from meditation. I think that is incredibly useful.
8:54
I think the so-called effortless path is a natural one. And in a way if you think about it.
9:00
There can't be any technique because, you know, what? If you were born in the wrong, place the wrong time. What if someone taught me the wrong technique? What if you just did it the wrong way? That doesn't seem right. It seems to me that whatever we're trying to access through meditation is sort of the base, their of Consciousness, which is every human Spirit writing is always there at all times. It's sort of almost like the base operating system for Humanity and it shouldn't need a special magic code or password or you know, root password to access. It should always be available.
9:30
But I'm getting feedback from you Davies if you wouldn't mind meeting for a moment. Thank you. So, you know, it should be accessible to anybody at anytime and what can anybody anywhere anytime do without instruction? And that it is literally do nothing. It's the thing that is possible for everybody at all time. So I think if there is going to be a valid for meditation, that certainly, effortless meditation should be a valid form of meditation. Will meditation get you all the way there. Yeah, some people, it does.
10:00
You have a highly goal-oriented person. So I think at some point I just sort of realized that meditation even though it's making me a little more common, a little more peaceful. It wasn't necessarily giving me the results that I want. As quickly as I wanted some kind of more these days on the path of self inquiry, although maybe that's just an excuse for laziness. I'll turn over James.
10:19
Well, I think you really hit the nail on the head with what you said about the fact that you're trying to get to the base layer of Consciousness. Right? And so, that is accessible anywhere at any time.
10:30
To any person. And by default, it can't require a technique because that's that's the base layer. Any technique takes you to some layer on top of that. It's it's all of the things you were obsessed with in your day-to-day life in your day-to-day awareness, Consciousness, whatever you want your day-to-day attention, that takes you away from that in the first place. So, I mean, after let's meditation
11:00
Be very useful, but I think that that's kind of a half measure.
11:09
Because basically, what what that is, is it saying I care enough to be effortlessly aware in every moment of my life. So I'm going to devote a few moments here and there where I can do that. So for some people, it's very valuable and that, you know, for some people that's as far as they're willing to go, but
11:34
I think it's much more productive or effective to kind of inquire into the things that occupy your mind on a day-to-day basis.
11:46
And slowly and deliberately start to kind of pick at them until they come apart.
11:53
And when they come apart, you naturally find yourself in a meditative state from day to day.
12:02
All right. I'm going to send you back Davies. I'm going to pick the next person will change the feeling so much when you thank you.
12:10
James. If you see someone interesting of the audience's who has their hand raised? Just pull them up. Otherwise, let's try. I don't understand how Clubhouse sorts people. I'm sure there's some method to it. Everything about this app is actually pretty well pop through. So not blaming it but I'm just curious what the actual sorting algorithm is. But okay, I'll just taking the order that they're presenting it. So the no judgment is is expressed or implied.
12:40
I'm literally just following
12:42
Clubhouse here next.
12:48
Invited somebody maybe they vanished help. Here we go. Edwin Marino. Edwin.
12:53
Hello. Can you hear me?
12:56
Yes, go right ahead.
12:58
All right. So this is a question about wealth. I'm looking to build my
13:03
welcome. I got this. Sorry.
13:08
This might be tough because all right. So I'm 38. I'm not a coder. You know, I I'm looking for ways to build wealth.
13:17
Now, what I do for income is I have a small digital agency, but that's just providing kind of like enough money just to live in to save. And I do a lot of investing in cryptocurrencies now, but I'm looking for that thing that I can be uniquely good at. And I just wanted your opinion. What? I really don't know where to go because I'm not really into code youtubing. I've been considering but I just
13:47
Just I haven't developed a unique character for myself online. You know, I did move abroad. I was born in the US and I'm living in Vietnam now and I'm trying to. I'm considering starting a blog just to explore ideas because I know you've recommended to just get into the practice of writing for self-discovery, but I'm kind of, you know, creeping up there in age now and it's just, I'd love to get your take.
14:17
And maybe you can tell me something. That'll comfort me a little bit in my
14:21
Pursuit. Okay, so the nature of truth that it's really comforting, so bad news for you there. If you're coming from comfort, you came to the wrong place, but that said, there is at least one or two things we're doing. I think well, you know, three things stuck out, you said digital agency, you said crypto and he said Vietnam. Well, that's kind of interesting, but would you mind meeting I'm getting some feedback from you as well. Okay?
14:47
Like all right. Yeah.
14:49
There you go. Okay, so, you know, digital agency. I think that implies that you have some creative talents or you're surrounded by people have creative talents, which is good because creativity, is the Last Frontier for humans. Vietnam means that you have access to cheap, labor, or relatively cheap labor, that can then be applied globally and then crypto, of course, is the current Frontier. And if you look at where the great fortunes are made in human history, they always made on the frontier. So the time we need to be Conquistador and you mount, you got in a boat or you
15:17
When you went to the Orient, or you enter the wild west, you know, and you are panning for gold or you went into software back when it was all Hardware, or you went to internet when it was all software or you end the crypto when it's all internet. And so, the frontier is the place where you make money and why is that? Because that's where the cops. The regular is in the normies aren't quite there yet, and people haven't figured it out. And, you know, you're in the right place because it's full of brilliant, people, and full of scammers. It's full of completely genius ideas, as well. As for the worst ideas I've ever seen. It's full of
15:47
Credible, Hyperbole and it's full of incredible value. So crypto, is that place today? And it is a frontier. So, if you're operating crypto and you have access to cheap labor and if you have access to high-quality creative labor, then I think you're actually in a good place. So I don't think you're necessarily in a bad place. I think you may just need to dig a little bit deeper and stick it out. So I think you're kind of in a good area, but you need to navigate deeply into it until you find something that just
16:17
For you, it could be n ftes or you're like, wow, we can create our own batches of nft and dewdrops. It could be something around maybe farming and if t's for games like there's a big community in the Philippines, for example, that does work, an acci Infinity. There might be new games emerging, I can't predict for you. I can't tell you exactly what will be the right application for you. But I feel like if you kind of what I want to do is I wouldn't leave crypto because it is a frontier space and the fact that you have a digital agency, I think is a big asset and the fact that you can apply those assets.
16:47
And across the world. It's a big deal. So I don't feel like you're in a bad place. I think you just need to dig a little bit deeper and you don't necessarily to put yourself out there through writing through YouTube videos. One of the places where I feel like the self-help porn goes wrong and I called self-help porn because you can just read it all day long. Is that it sort of saves? You should think there are people on the internet who will say you should be a writer or even I'm guilty of this. You should be a coder. Well, you should be a writer or coder if that is your natural, inclination, if that's what your natural add. If you're
17:17
Don't do that. If you're good at talking to people, then go and Clubhouse. If you're good at sales and go do sales. If you're good at organizing people, then go build a small company or recruit people or build a community. So you have to find the thing that feels effortless to you, but is not effortless to everybody else. So it like I've said before, it feels like play to you, but it looks like work to others and I think you're kind of already on those Vector. So I don't think you're poorly positioned by the way, through the others, not old. I'm 47, you know, so I kind of envy you at 38. I would give
17:47
A lot to have those nine years back and hopefully I would use them even more wisely, but you're so you've still got a ways to go as long as you have your health, which is the most important thing in this world. As long as you have your health. You can still work on all the rest. So I wouldn't stress about it. And especially in crypto fortunes get made in short time frames, you know, two three, four, five years for the right place don't stress over it. It's more important to find the right thing to do and to make it take advantage of the assets you already have. And just by the nature of the space that you've already decided to operate and I
18:17
Like, you're probably sixty percent of the way there and, you know, you might just be going through the darkest before the dawn kind of situation. So, that's, that's my high level assessment on it.
18:28
Thank you so much. That answers, my question that gives me a lot to think about and you know, I have been very fascinated and very much interested in in crypto and looking into ways of how I can leverage my team but, you know, the teams of the here though, they're cheap, you know, the they're not as creative or like
18:47
like I feel like I might have to study a little bit more about this space. But yeah, that's it is something that I'm very much interested in and I find myself getting distracted with reading about it. So yeah, thank you so much. That helps a
18:58
lot. Absolutely. All right. We'll go find the
19:01
next one.
19:18
All right. We got Rochelle Hollow. Good evening. How are you? Pretty good. I had a question about what three mainly about where we're currently in the awkward stage of web two point five where we're trying to on board and transition into the web three atmosphere. I'll just kind of thinking to get your thoughts on where you see the space
19:43
heading.
19:45
Yeah, would you mind meeting to Sweden? Get that
19:47
feedback issue? We always seem to get thank you.
19:50
So web 3 is kind of a catch-all term for things have to do with decentralization and tokens and crypto and ft is and so on. And I don't think anybody really knows what they mean. All the packing McCormick in Chris Dixon through a pretty good definition where I'm paraphrasing now, but it's something like web 3 is where it's owned by the user and controlled by tokens, or as I used to say in my old speak, when I use talk about blockchains replacing, that works.
20:14
With markets that these are systems and and protocols and companies that are actually run by markets underneath. So it's not a true democracy where every users equal but users are user influence, is weighted based on how much value that contribute to network and they could have contributed value either by putting in money, which is tokens or a putting in time or code or security like mining for Bitcoin and so on, so web 3 is sort of this.
20:44
Decentralize user owned token, voted token controlled web and I don't think it's necessary going to replace everything in the web to wholesale. Like, is it going to just replace Twitter and Uber and Amazon and Facebook. That's too simplistic of an extrapolation. This is not how the, in the tends to work. Those old things tend to stay the old way. But the new things come along that are completely different, that are unimaginable that can only be enabled by the new paradigm. And then eventually they completely obsolete. The
21:14
In the came before we do it. Think about using it, for example, eBay was like a web 1.0 product. So, as Craigslist, eBay and Craigslist, haven't been replaced at all. They still do the things that eBay did and, and Craigslist, still does the things that Craigslist did? But Airbnb came along, those one, tiny, little category in eBay, that is now just a whole different app that was enabled by mobile or Uber came along, and just replace taxis completely or Facebook came along and social networking was unimaginable, replace bulletin boards, but bulletin board. Still continue to exist.
21:44
East, it's just Facebook to cover all the mindshare. So I think that web 3, the same way is going to create its own brand. New apps that are not going to directly substitute for the Web 2.0 apps, but they will be so different because once we break down this idea that, you know, economy and markets, and money, and games and ownership, and you know, and social networks are silos that are supposed to operate separately from each other. Once they sort of start munging together into one thing. We're just going to
22:14
Mabel the whole new class of applications that are just unimaginable today and those will take our mind, share and our time, and our money to such a level that the old apps will still continue to exist, but they're just going to be much smaller in scope. And there is going to capture much less of our attention. So I can't necessarily predict what those applications are going to be. Although you can see, you know, web three started out in finance because when you decentralized, if you can be centralized money, you can decentralize
22:42
anything. Because money is the hardest thing
22:44
to
22:44
t'. So if you can say, I can have a distributed group of anonymous users allocate money and govern money
22:50
than they can actually govern anything. And so, we
22:53
started with money and you can already see for users who have been using decentralized Finance AKA
22:59
defy on top of crypto.
23:00
All their mind share is there. Like they're not going to go back to playing with their bank or on Wall Street, or trading stocks or even GameStop or game or you know, what a Wall Street bet seems amateurish to them because their interests in a much more Advanced Financial
23:14
Marketplace, so, I think we've already seen it happen in D5 for a certain class of users, and I think we may see it with something like whatever nft, they're headed towards and whatever the online crypto games are headed towards. But it's very, very hard to figure out exactly what that extrapolation will be. So when we say web three, it's a little glib it implies that it's a direct successor of the web to but I don't think it's so much replaces web to apps with web three apps, but I think it just creates a whole new set of apps that then end up taking all of
23:44
of our time and energy and resources. I'm not sure if that answered your question at all,
23:48
but I was just kind of reacting to the terminology of what 3 2 2 .5 2 2.0.
23:53
Oh, yeah, definitely dead. Gave me a lot to think about. Thank you. Alright. Thank you so much.
24:01
Everyone so polite. When are we getting some curls and that comes in the second half hour? Okay. Let's see. We got
24:14
gonna just pop up the next person, who's got
24:16
a
24:18
Who's got a bio? Sorry, I'm skipping people who don't have a bio. No
24:21
offense just didn't know who you are. Hello, guys.
24:27
Hi from Russia. I'm huge fan of yours.
24:31
And my question is
24:34
so here is very cheap Workforce. So it's about wealth
24:40
creation.
24:41
So several years ago. I started to work as
24:44
self-employed
24:47
found several sources of income. So I started to learn more than average person in Russia.
24:55
Now, I'm trying
24:56
to automate it. At least to get some
24:58
employees.
25:00
To switch to more skillful work. I'm trying to be a developer. But right now, I'm mostly on
25:11
helping other people. Let's say it help desk. And my question
25:17
is, there are
25:20
Not so many skillful person, but there is some and they're
25:26
very you should pay them a lot. And I think this works for United States to like if you want to hire a
25:33
developer, it
25:35
costs at
25:36
least $40,000 a year and it's much, much more than my earnings and my, what my clients pay me. So how to act in this situation.
25:50
The clarify, some things.
25:55
To stop something. More skillful is harder because the workforce skill as Workforce is so cheap, but it's better to hire like 100 cleaners then to get one tractor to clean the streets, for example, so how to act in this
26:16
environment.
26:18
Let me make sure I understand your question. Are you basically saying that you want to expand? But it's hard to hire
26:23
skillful people because they're so expensive. Is that the question?
26:29
Yes, I mean, I don't have a lot of money to hire skillful and
26:35
there are a lot of skilless Workforce and how to act in this
26:40
situation. I mean, so yeah, so this is a very deep topic that's worth exploring for a moment, but it's probably the single biggest driver on economics in our society. Today. I'm going to meet you for a second. If you don't mind or I'm going to movie The audience's, we don't have feedback. Thank you. So.
26:59
So yeah, so there's a very important thing going on today, which is that most of wealth creation. Most of our learning is becoming digital. If you look at the top companies in the stock market today that all tech companies and if you look at the tech companies, almost all of them are selling purely digital products with maybe the exception of Amazon and even Amazon, a lot of their market cap, and a lot of their Market power comes from things like AWS. And from controlling the user wallet, which are
27:29
Actually digital elements. So money is now being made by ideas and ideas, have tremendous leverage. So the people who are creative and have good ideas and can Implement and execute them online. They know how to sell them and Market them, and how to code them, just have absurd earning power compared to people still operating the physical domain. So we're going through a transition that is just as big as a transition to literacy in society, or the transition to numeracy, and probably even larger where a small percentage of people who are intelligent and know how to protect
27:59
Ask themselves to the internet can command large amounts of money and power and influence. And this is an example of it. There's one of me up here, talking 2000 of you. Am I smarter than the average person? Yeah, maybe by a little bit. Am I a hundred times smarter than the average person? I didn't know how to measure that, but the answer is no. Like, my IQ is not like a hundred X. So, there's something here going on where even small advantages in the digital domain, give you all the leverage in the power as an example. If I pick the right thing to work on as opposed to the
28:29
Wrong thing to work on if I pick the right software to build or the right idea to to put out there. Then that's almost infinitely more valuable than the wrong idea. So how you have to throw the idea of hard work out the window. It's right work that matters. It's truth-seeking that matters tying into a James and I talked about a lot which is like if you're finding the correct answer, the true answer, then you're just going to get paid a lot more. So now let's get back to the original. Questioners question sergei's question, which is you have a
28:59
All set of people out there who can do a lot, and let's take software Engineers for by name. Software Engineers are term gets thrown around developer, gets thrown around as a term, but it's as broad of a field as a painter, you know, there's a painter who come and paint your house and there's another painter who painted Picasso and which ones more valuable. While the Picasso painter is far, far far more valuable in the right context. And so the same way when we say developer, there's a developer will come in and just write like basic code, according to instructions, what you
29:29
Told that person and there's no developer. Was the Einstein of developers would like a John Carmack who built ID software, and doom, and Quake, and Oculus, or is like, what was the guy Notch knocked, who built Minecraft or it's, you know, sudden like the guido van Russell, who wrote python, or it's just one of these super super developers or Satoshi Nakamoto or batak butyrin who created bitcoin etherium. So, these people are incredibly more valuable and there's not even 10x engineers, and I know in our
29:59
Red Equity based society. It's hard to talk about 10x Engineers. But these people are a hundred extra thousand X or 10,000, x or a million x Engineers where they can just create huge amounts of value. So, the best people out there are actually extremely creative and extremely powerful, and they have the ability to create things that are just hundreds of thousands of times or millions of times more valuable than the average person. And some of it is luck for sure. But a lot of it is just having hone their craft over a long period of time being a
30:29
Obsessive about what they do and also being natural is that it and so to recruit a person like this can have a huge nonlinear effect on your business and it almost doesn't matter what your business is long as it has a software component. So recruiting these people is not something about how much you pay them. Although sure. Yeah. Okay, if you pay a little bit more you have a slightly higher chance, but it's really about getting them to partner with you in the first place. And so there's this old Trope that goes around like, oh, I only want to hire people to work for me who are better than me. Well if they're better than you, why would
30:59
Work for you. Why don't they just work for themselves? Especially in the digital domain where it's so easy to create and spread your ideas and the answer that I did work for you either because they're too young and they just need their Seed corn or they don't know any better, which would be weird. They're very intelligent in one domain but they're like completely stupid and other or they're really down on their luck, which happens, but it's rare. But more likely, they will partner with you or maybe you should be one of them in the first place. You want to track those kinds of people and be able to work with them. So partnership.
31:29
Be a better model. What you may need to do in this specific case, as you may need to find a developer partner who is really good and maybe you split equity in the business with them and you start Enterprise together and then that person you know a single developer can change the course of a company if they create the right thing. So maybe that person will create the right thing or at the very least. They'll know how to recruit the right people. Now in terms of recruiting the right people, you're going to have to look for Arbitrage. Has they might be really young. They might not speak English. They might be.
31:59
And parts of the world where you know, it's hard for them to even get their hands on the computer. Let alone do amazing work and code but finding these talented software. Developers is the number one problem for any company. Today, there will I believe that there always be a shortage of software developers. There's a lot of people who think that coding will be automated these people have never written serious code. There is no automated. There's no automatic on that. Will create the next Bitcoin. There is no automatic on that. Will create the next Quake. There is no.
32:29
Ultimate on that will create the next Minecraft. The just does not exist. Those are creative efforts, creativity cannot be programmed. We do not know how to program creativity. So finding creative individuals who are highly leveraged. It's not just a problem. It is the problem for any major business because these people can build entire businesses. So it's sort of like someone saying, hey, I want to write a great novel. I have a great idea for a great novel. Do you know, anyone who could write it for me? Or, you know, saying, hey, I want to, I want to, you know, launch a new company. Have a great idea for
32:59
You company, do they want to build a company for me? No, that's impossible. Your best chance is partnering with those people, or in a rare case. You can Arbitrage something and find them when they're very young or down on their luck. The other thing is you just hire 10 or 20, really young people really smart people who can execute on code and ideas. And you just see which one / performs and you see which one is super creative and maybe like, you know, nine of the 10 are sort of just plodding along and doing their basic working one out of the ten turns out to be brilliant and that's
33:29
The person you reward big time because when you figure it out, it's not a long period of time until they figure it out when they figure out they're going to leave and start their own company or create their own effort. So you need to reward them in some very meaningful way. Probably when making a partner in the business before they leave. So this is the challenge. I don't have a good solution for you. But it you've identified the right challenge that you can crack that challenge it with your own, little hack in your own little part of the world, then you can do great things.
33:56
All right. Let's see who's coming up next?
34:07
And here.
34:12
Any wall, how you doing?
34:15
Good.
34:18
Speaking of cryptocurrencies. What do you think about Bitcoin and future of
34:22
cryptocurrencies?
34:26
It's the first Super broad question. I mean, obviously, I think cryptocurrencies are sort of the greatest invention of the web since probably the mobile era and you know, when we look back on the internet, you know, hundred years from now, historians are writing about it. I'm not sure, they'd be able to write about the internet as Inseparable from cryptocurrencies. I do think they're very fundamental. I refer you to my 2017. Tweet storm. That said that. What?
34:55
Say it's a Bitcoin will know blockchains will replace networks of markets. And that that's where the kind of lay out how fundamental they are, as for Bitcoin itself. You know, Bitcoin is the OG. It's the ultimate store of value. I don't want to take anything away from it. It'll trigger all the Maxis, of course, but it the value in a cryptocurrency derives from this decentralisation. The more decentralized it is the more value it has and in that sense, Bitcoin is the most decentralize. It is the most resilient to attacks by
35:25
Big actors by nation states, you can think of Bitcoin it's having a one and a half trillion dollar bounty on it. Like if someone can crack it, you know, that's the that's the maximum potential Bounty for breaking Bitcoin realities. Probably about a few hundred billion dollars, but that's still a very big Bounty. So I do think it's very resilient. I think it's very powerful. It's quite a huge. Mean that said I do think that there are other things that have value. Like, if your room is creating a global programmable computer for smart contracts and decentralized finance, which is really interesting. The whole nft craze is really interesting because
35:55
We saying, hey, there are millions of objects that we might use to store value instead of just one, and that's kind of its own form decentralisation. That said, the whole crypto space is full of scams. And it's you know, it's basically what unregulated Venture Capital. Look like if your want to know what unregulated Venture Capital looks like that's crypto for you. So 24/7 365 Global Casino where everybody can participate. And so it ends up with all kinds of Fraud and I'm not in the business of telling people, what's real, and what's not, because I get it wrong, too. There's all kinds of cryptocurrencies that I bet on where I lost a lot of
36:25
Money, there's all kinds of stuff that are still way too early. I'm embarrassed them not done as well. As I should have in crypto, you know, given everything I've talked about in the past, but it's a very difficult space to play. And so, I don't second-guess people and I don't say what's going to work and what's not, that's up to you to do your homework, but I would say, you know, look for a very smart high quality, ethical technological teams of good pedigrees that are not like, you know, hogging, all the Genesis block for themselves are trying to spread it somewhat fairly have.
36:55
Like novel, new technological breakthroughs or made good. Trade-offs in the parameters of setting, the protocol aren't just meaning and spamming you and Twitter. Basically, someone's pushing you to buy it. It's probably a bad sign. It should be doing something interesting. Like Bitcoin already does store a value really well or in the digital gold of Our Generation, you know, if fiery I'm kind of already does the programmable thing pretty? Well, although it definitely has scalability issues. So you kind of have to make sure that what you're buying.
37:25
Buying into is not just a mean because someone posted a picture of a dog. Spanning everyone Twitter with it, but that it actually has resilience and value in a real context, but I don't know what's going to work and what's not. So just like everybody else. I'm sort of blindly feeling my way through the dark and investing in a bunch of things and trying to figure out what's going to work and what's not. But I do think that crypto is the most interesting thing going on in Tech today. It is the, the frontier that said the cops are here, you know, the regulars are showing up.
37:55
And we may have a showdown with the so-called final boss sooner than we had expected. So I think it's a very high-risk high-reward situation crypto along with other asset classes. Also, just got accelerated because of the huge amount of money printing that the Western governments in particular the US have gone through and you know, the u.s. Printed I think some like 40% of all dollars in circulation were printing the last year and that's going to have a huge inflationary effect. It already has. You can see asset prices floating up real.
38:25
Scales gone. Crazy stocks have gone way above where they probably would have been otherwise, given the covid supply shock and cryptos obviously done extremely well, but a lot of those just wiping the dollar, this is the dollar doing poorly more than anything else. So we've got kind of this tail wind behind crypto. That's what the government's. Like. I think a lying down. They don't want you to run off the when you, when they print money. They don't want you to have a safe haven from the money because it sort of defeats the purpose of their printing, the money. So I think we're going to see an Empire Strikes Back kind of
38:58
Doo doo having a plan to make any project on blockchain. I mean, Steve Wozniak, just made was a X or Samsung big companies a they doing research on gaming and blockchain. That's kind of great idea. What do you think?
39:18
I don't I don't have any original technical insight to add into blockchains. I'm not that deeply Technical and I think a lot of people are doing these. Things is just like marketing height. Like if they if they have a significant real new technical contribution to make then by all means make it. But that's not what 99% of crypto projects do and none of the ones you mentioned seem like they do that and I certainly don't have any brilliant ideas on how to do that. So, I feel like it would just be stealing from people.
39:46
Alright, put the movie back next one up. Thank you.
39:53
See you soon.
39:59
There are some nerves. Hi Neville. Thank you for bringing me up.
40:06
So my question to you is see there is a difference as you told in wealth and richness. So wealth
40:16
is mostly hidden, right? People cannot see people's wealth because it is hidden somewhere. You can see only richness, the people who spend on expensive things. So, how do we learn if we cannot see something? How do we learn to build wealth? As you have laid down the Timeless principles?
40:36
Do you have any model? How to how to emulate? People? Not exactly copy, but how to take inspiration from people who are actually wealthy.
40:47
Yeah, it's kind of a generic question. I'll try and get into it. I'm going to put you back in the audience for one second though. Just make it faster. Okay, so you tie my wealth and kind of status signaling and sort of money signaling. They are different things just because you can't see, something doesn't mean that there's something wrong. I mean, you can't see people's character either, but it's a real thing, and it takes time to figure that out. I don't think you should naturally be trying to emulate other people and you certainly shouldn't be trying to emulate wealthy people wealth isn't make people better. It just kind of makes them.
41:17
Of who they are. So there are some people who are jerks and wealth makes them bigger jerks and some people who are always kindly inclined wealth, gives them the ability to be kinder. So I actually never looked up to wealthy people and I never tried to emulate them. It didn't matter to me. What somebody else had. In fact, emulating someone is almost a form of Envy or at least it's sort of in that same domain. Where you're being memetic. You're copying other people, you know, even if other people were richer than me, as long as I could obtain, the things that I wanted,
41:47
And what I want is freedom in my life and the freedom comes from being able to afford the things that I want without having to worry about them. Then I would be satisfied with that. So I, at least at some level, there's always a mimetic portion, but I'm just saying don't fixate on that. Don't try to make it worse than it already. Is humans already mimetic status seeking creatures by default and then we can rise above that through a rationality. I wouldn't double down on it. So don't idolize wealthy people nor try to figure out how wealthy they are. Nor figure. He'll try and imitate them. I think, rather it boils down to just figuring
42:17
Okay, how do I, how do I become the best version of myself and in wealth creation? The best version of yourself is one, who is using your using your mind? You're using your natural-born talents. You are staying on the frontier, in the edge. You're following your own curiosity, you're doing things that are come easier to you than they come to other people. You're applying the principles of Leverage and accountability and specific knowledge wherever possible, you're trying to do it in a long-term way where you're collaborating with the same people over and over.
42:47
That you trust and that you like working with and you're taking a very long-term view so you can compound it and then at the end of it, you're kind of going to get what you deserve. You're going to get what you can express. And I guarantee you that if you stick to these principles and your patient, you'll get more than you need to spend, to sustain the lifestyle that brings you Freedom. So, what somebody else has and how they got there, just isn't relevant. You can't copy them. And there is a lot of this sort of hero worship, you know, wealth worship another form of pornography. Where you
43:17
Stare at it all day long and you get some titillation out of it. You think you're accomplishing something but you actually are not accomplishing anything. You can't copy anyone on their way to Greatness and anything. It's really just about flowering in your own best way. And I hate to even use that word mean shows. I've been hanging around these spiritual types, too long, but you know, it's just about self-expression at the end of the day. So I would say, don't worry about how wealthy other people are, or even how they got there. Just focus on how you yourself.
43:47
Can be the most effective. I was always a very impatient individual because I was keenly aware of my goals and how quickly time was going away. How his was slipping away and we can get there while still young enough to enjoy my freedom. And so I was always very, very driven and I had no time to read books about other people getting wealthy. It's very hard to speak in the abstract about wealth creation is only a very few concrete principles. You can put out there now in this modern day and age, the
44:17
Is this available to Any Given human is far greater than it's ever been. You can go and clubhouses and talking thousands of people you can put out a tweet that can reach millions of people, you can write a piece of code that can be runs on millions of machines. You can invest in with crypto and venture capital and all these other asset classes. You can invest in thousands, or tens of thousands of businesses. You have millions of books at your disposal. You have a, you know, a million podcast at your disposal.
44:47
Everything is available to you. Everything is out there, both to consume and to produce. If you're sufficiently driven and impatient, you will figure out how to navigate your way through that ecosystem. And it is very Dynamic and very evolving. If I set you down the class and taught you details. By the time, I finish the last class. The first one would already be obsolete. It's a moving slippery Target. So you kind of have to just get out there. Throw yourself in The Fray and just do your best. Don't worry about other people.
45:26
All right.
45:27
I've got shabonneau. Yep. Hi guys. First of all, thank you so much for all the content. You've put out over the last few years. I hope you know how helpful and motivational it is to hear someone articulate often like intuitive ideas. So clearly. So I just want to say, thanks for
45:45
that.
45:47
And my question is actually about time management. So my co-founder and I
45:53
we have a small creative agency where we do product design work for startups. And on top of that we're building our
46:00
own product that helps us speed up certain design work and overall shrink the time, it takes to develop product. And so we want to work on our product to figure out if other designers would even want it. But also we need money to live, which is why we do the agency work.
46:17
But more and more it feels like there isn't enough time to do both. So my question is, do you think it's better to double down on the agency and scale up when we have free time to work on our tool? Or do you think it's better to raise money before we have like any traction or any idea of product-market fit or like any sense of where sure this is the thing we want to work on. So that's what I'm kind of struggling with. Yeah. Thanks for the kind words and it's a, it's a tough dilemma.
46:48
Let's open them, put you back in the audience to so we don't have feedback and all that stuff. So it's a classic question of like, how do I boot strap on the side with a product? While I'm busy, trying to make a living and very, very hard problem. I don't have a glib answer for you. I'll tell you how different people have thought about a different times. One model is well, one person works the agency side and brings in the money. The other person builds a product. Another answer is well.
47:17
Well, we do work at the agency side, but everything that we do, the way we do, it is first, we try to productize the solution and then we present the product s solution to the customer. And maybe we tweak it a little bit at the end to customize it for them. Another answer could be if you're especially if you're in a winner-take-all tech business where if you don't get out there and do it, then somebody else will and they'll win then you go and raise money and you just drop the agency side, your compete, but I would only recommend that for a business that can be bent.
47:48
Our scale Venture scale beans. That it it's a winner-take-all. It could be a multi-billion dollar company if it works and if you don't and there's some Network effect or economies of scale that mean that if you don't win, you know, first place, then there's no point in playing. So these are all kind of different ways to approach it. I would say that, you know, it's it is very hard to serve two masters. Historically. I did it for brief periods of time, not for long periods of time.
48:18
Eventually, you are going to have to choose. It's hard to be great at anything. If you're split two ways about it. The problem is like a lot of stuff you can do. On the agency side is very hard to productize. So no easy solutions for you there.
48:35
I think the overall that there are, there is a class of company, and I don't know if yours falls into this, but there's a class of company where you can find a customer, a paying
48:45
customer for your product, very, very
48:47
early, and you don't necessarily need to have the product. You can just say that you can find a customer who's desperate enough and they're willing to pay you to basically develop the first version of the product
48:56
for them. That may be the way out of your current trap. I don't know exactly enough about your part to say if it applies but if I were you I would look.
49:04
For something like that. Where is there some customer out there that wants what you could be building for them. So badly that they will
49:10
give you enough money that you can survive for three or six months that you can. Now just focus on building the product and customizing it for them that does work under
49:18
certain situations. It would be nice. If that was that you were in one of those situations.
49:31
All right. I think we have Kyle Maybe.
49:36
Kai left now. Kyle's here. Hey, Kyle, Hi, how are you? Good, good, good. So my question is about sales as opposed to Business Development. So like I've found a mentor a couple years ago told me about his experience in the restaurant marketing world where basically, he was Consulting with small to medium-sized franchises, and he ended up partnering with
50:06
The Gordon Food Services, who serviced a bunch of these types of companies, offered them consulting services, but also offered them, a percentage of any work that, that they could basically get for him. And as a young HR consultant who loves Recruitment and loves coaching, been looking to develop my clientele by doubling down on this kind of like affiliate marketing. If that's the right.
50:36
Right term for it. But I was wondering about your approach to your thoughts on that approach. As opposed to Conventional sales where you're like, constantly trying to learn somebody's earn the right to speak to them and assuming, you know, what's going on with their company without being under the hood and all that.
50:58
Yes, I just want to understand the specific question. Okay, would you mind rephrasing for me just as clean straight up one line question? So
51:05
I don't, yeah. Yeah. Yeah, I guess I'm wondering what your thoughts are on like, affiliate marketing or sharing clients as opposed to pursuing new ones. Like the idea that like the your client base is already out there. They're already somebody else's tribe and like more working through companies and relationships as opposed to try and develop.
51:27
Ones in do the conventional sales model.
51:30
Yeah. Okay. Fair
51:32
enough. I'm going to put you back in the audience for a
51:34
sec. So there's an old joke in Silicon Valley. That will go something like business development is just sales that without a quota. And at least in the early 1990s. It was a rare to find someone in the business development role. It was usually just a failed founder who, you know, they they were founder of a company. There was a junior founder wasn't going well. So you stick them in the biz Dev role and
51:57
it's an old-school company would tell you that there's really only two jobs. There's building the product. They're selling it and sales is about finding new product, new prospects. And yeah, you can dig into the existing prospects that you have and you can dig in deeper that used to be called account management and we do some business development there, but look at the end of the day, if you want to be successful, if you want to be the top of your craft, if you want to be among the best at what you do, then it is I it is best to stick to the basics and nail them really well and the basics are
52:27
Building a product is our building a product and selling it. And when you sell something, it doesn't matter whether you're selling it to an existing client or whether you're selling it to a new client. It's just you're taking responsibility for selling this product and making it as successful as possible and making, it is widely distributed as possible. And the exact nature, whether its sales or Business Development, Community marketing might change a lot. You might have the kind of company where you already have a lot of accounts and it's all about digging into those accounts. And then sure you can call it this, damned if you want. Or there's another one where
52:57
Are you might have to go and get a lot of new accounts and that sales or you can do it all online in which case, it's all marketing or you may have to do it all in a social format, which case is Community Development. So, there are many different ways in which you may be called upon to sell a product. But I would take it one level higher and just say be the kind of person that takes responsibility for Distributing the product whether it's through marketing hacks, whether to sales, whether it's new business development, where it's a community, just take responsibility for getting the product out there.
53:28
Just the same way that if you're a builder, yeah, you could say I'm a designer or you can say, I'm a developer. I'm a product manager, whatever. But who cares? Just take responsibility for? Making sure the product gets built, whatever the heck it takes and and making sure it's the best in class product. And even though we mythologize sales and marketing Community Development. I actually still believe that especially technology business most of the power. Maybe not most but at least a big chunk of the power comes from building. If you build the right thing, it's sort of sells itself.
53:57
If the cost of sales, in fact, is almost a indicator. The higher, the cost of sales its new caterer bad product, or at least a product, maybe might be good, but it doesn't fit the market, quite right? The better the product, the more fits the market, the more, the market will just beat a path to your door and they will take the product from you, Patrick Collison, you know, the founder of stripe. I mean, where he told me one day. He said, I finally Now understand what product Market fit is and I was like, okay what's product Market fit? And you said it's when the they can't
54:28
You can't stop the company from growing. Like you can't stop from selling the product. The product is selling itself. It's just flying off the shelves and going out the window and the companies are scream certain rate. No matter what you do, or don't do. And so that was to him, the definition of product Market fit. And once you find it, sales, Biz Dev marketing and even Community Development, all these take a backseat. So I would say if you're going to be in sales or on the distribution side, then just take responsible for distribution regardless of Channel, but make sure you're working with
54:57
A really good team that's built the right product in the first place, because even the best sales people can't sell bad products for that long. Eventually the quality of the product catches up with you.
55:07
Alright, let's see. Who else is out there.
55:15
All right, corner, pull it. Pull it. So reason I am kind of a bit ago. I don't know if you guys remember this, but earlier in the conversation, James, you mentioned, you speaking about how
55:34
Enlightenment, you know, has different definitions for different
55:36
people and how you find that you have the ability.
55:44
To to be and let me know if I'm is quoting you, but to be mindless or tallies kind of tap into that sort of world, but you don't necessarily Flex it and that kind of surprised me. I would think that if you have that ability, you know, I find that most of my thoughts are just kind of dribble or, you know, cruel, or in some way misleading. If I had that ability.
56:13
I would think I would Flex it all the
56:14
time.
56:18
Yeah, I don't know if you if you remember the context of when you said that, but
56:24
do you have any thoughts there?
56:26
Yeah, I remember that.
56:30
So part of the key is to understand that that my I'm at a point now, where my thoughts are very peaceful.
56:40
So there's there is literally zero, internal conflict.
56:45
So, if I'm thinking about something or I'm not thinking about something I'm perfectly content.
56:52
And so I don't really care that much to be quite honest, whether my mind is is empty or it's not there. There are times where where I feel like not thinking about anything. So I'll sit down and do nothing for a few moments and it's it's like a nice break.
57:11
But I also find the world interesting. I enjoy like being a part of the world in participating and a byproduct of that. Is that your mind runs?
57:22
Because you're not you're constantly thinking about am I going to do this or I going to do that or what's the best way to do this thing that I'm trying to do with are all these these applications of thought that that are very useful. So that's that's part of where I spend my time as is thinking about things.
57:41
So, I kind of flex between thinking and not thinking as I feel like it.
57:51
Thank you. It's a really hard topic to talk about. I mean
57:55
my mind is a mess. It's kind of crazy and I have all kinds of crazy, opinions, and ideas, and thoughts, and conflicts. And, you know, most of them I don't need like, I realized, like most of my opinions are worthless. That's probably true for all of us. Like we don't need to have opinions and everything. I was going for a run the other day and I hate running. So I was like huffing and puffing and you know, kind of miserable in every person I ran past.
58:20
Some reason, my my own opinion on them. It was just worthless. It was completely worthless opinion. And at some point I just kind of saw through it and I'm like, okay, I don't need to have an opinion everybody. And then I just sort of kept running. It was peaceful for a while and then it went back to filing opinions. And then at some point I just gave up on the - like find you have your opinions, but you know, I had some level. I'm not gonna let them bother me. I'm not gonna let them affect me. So I think the mind is just going to do its thing. And at least for me what helps is to just kind of have a certain
58:50
In level of understanding that there's never any peace like there's never a place to rest your head. There's never a place to slow down or stop and if the mind is always going to be thermal, it's always going to be in turmoil and that's fine. That's just kind of the way it is, but you need to stress about its turmoil and that requires a certain level of Detachment, but that Detachment will naturally come just from having a self interest in your mind. You made some comment. Paul about how you know, you don't love the quality of your thoughts and I think that's actually kind of
59:20
For if your objective with how you're behaving internally when you stop taking as much of an interest in what you're doing, what you're thinking, and then you're still having the thoughts, but you're not attached to them in a weird way. It's sort of easier to kind of let go of them. And maybe then you end up like with James, where they just aren't as many thoughts. But I would say that my mind has a lot of thoughts is very busy. But the same time. I don't let it destroy my peace or happiness or just general demeanor.
59:51
Got to thank you. Yeah, I think
59:54
I don't know. You know, I I almost want to say like it just takes time to sort of let these words see pin, but
1:00:02
that almost sounds like yet another
1:00:04
like,
1:00:06
Yeah, it seems like it's Unique to each individual like it. You're everyone's condition the different way. You can't all get unconditioned the same way. So you just just had taking an interest in yourself, is enough, and it doesn't, it just takes time. As you're saying, you know, I actually recommend, the reason James is kind of up here is kind of funny. So, James James followed me on Twitter for a while. We had some back and forth. And then I sort of started looking up to him as sort of this really wise.
1:00:36
Person that was like wow, this guy is really smart and really interesting. He makes really good comments and then I went in his blog and I read the whole log and I was like, well I can learn from this guy. So I contacted him and asked him if he wanted to meet up and then I met up with James and, you know, I asked him. So how did you get into kind of this truth-seeking business and James said, oh, I was following you. I was reading your stuff and that made me feel really bad because here's someone who got into this because he was following me. But now he's way ahead of me. I was teaching me.
1:01:05
So somewhere along the way I screwed up but then I just kind of came to terms with it. Like okay. Look everybody figures it out their own schedule. Everybody has their own path. Obviously, we're all different individuals, different strengths and weaknesses. So, just kind of, you know, play the hand, you're dealt play fine. As long as I don't stress about it, as long as it doesn't bother me, then, I don't care if my mind is busy or not. In fact, I have a good fast mind like other people have good fat bodies. So, in some level, I enjoy flexing it. I enjoy using it. And, you know, it's a superpower.
1:01:35
Charlie knows just joined and then embarrassed Charlie. Because Charlie has my probably my all-time favorite tweet. I'll come I'll Circle back to what that tweet is. Later.
1:01:47
Appreciate the thoughts. You guys. Have a good night.
1:01:53
Thank you, dude.
1:01:56
All right. Let's see who's next.
1:02:07
Okay, we pulled another similar who has a good? Bye. I'll see if there's some more gets up here.
1:02:15
Did you make it? No,
1:02:19
yes.
1:02:19
Hey, hello. Now, I'll how are you?
1:02:23
Good? Nice impromptu by. Oh,
1:02:26
okay. So my question was what's your take on blockchain security? Like I have been into network security and earlier in the days. We used to crack passwords. We are Brute Force attack. So I always had that thought of that.
1:02:44
Night kind of thing that is it possible to crack a private key to a Brute Force attack. Not now, we don't have that resources, though. Those computers.
1:02:56
Those really good computers were
1:03:00
it. It is able to crack those but in future. But what's your take on that?
1:03:07
All right. I'm going to move it the audience. Thank you for the question. So I'm not a technical expert on this, but my understanding is that? No, it's not going to be really that possible to crack blockchain Security. First of all, anything that breaks public key encryption will break all encryption the internet, it will break all banking transactions. All security. All logins, all codes, all ownership, including things like DNS. So if you break public key encryption through some future Innovation, it pretty much breaks the entire internet it breaks.
1:03:37
CPS and HTTP now is the foundation of the internet, not HTTP. So if it happens, it's kind of a catastrophic disaster across the board that said, I don't think it's like with a happen. The only real candidate On The Rise and short of some incredible mathematical breakthrough that we cannot even predict would be Quantum Computing. And Quantum Computing would break kind of some conventional encryption algorithms, but you can create Quantum hard, Quantum resistant, encryption algorithms that I think would
1:04:07
Get rolled out in time. So of all the things I'm worried about blockchains. That just isn't one of them. I feel like that's, you know, not not a real thing that you should stay up at night worried about if you're investing in crypto, if you're working on
1:04:21
blockchains.
1:04:33
All right, disinvite a
1:04:35
branches.
1:04:41
Ran through each one of your tweets. Thank you for your work. I one thing in your podcast, how to get rich that always, I struggled with was the idea of productizing yourself. You explained it really clearly, but I think that I'm more interested in productizing my work in a more synonymous format as an artist, so I would love
1:05:11
Some advice on how to how to productize yourself if you're not interested in capturing your own like
1:05:18
identity.
1:05:20
We're sort of living in the Golden Age of Cinema tea, right now, a lot of the nft collectors online or just hit it identified by their crypto Punk. Like their 6529 who's probably one of the best Twitter authors today and it's just this Anonymous crypto Punk was talking about NF tease, you know, so I think Vincent van do who's and Anonymous and ft collector is now, literally running a fund so that your Anonymous, people who are raising funds to invest dowser, run by Anonymous people, so,
1:05:50
If anything sort of this, the crypto Revolution and the internet allows for the emergence of pseudonymity, of course, it goes way back further, right? There's nothing de plumes and authored writing under assumed names and so on. So I think you're in a better place to do that than it has, all that has ever been true. Historically. Now the downside of course, is that you have to start establishing a reputation from scratch or because most people have no reputation to begin with. It's not that much of a barrier. Maybe it's
1:06:20
A little restrictive in that, you can't jump on clubhouse or do YouTube as easily, but you're also end up relatively insulated to cancel culture. So I don't view it as a barrier. Honestly, if I could wave a magic wand and go back in time and start over. I might choose to do an anonymous Twitter account rather than have it tied to my name. That said, I like talking, you know, Twitter is actually not my best medium in a sense. Because now I see all these imitative accounts that tweet like me and some of the tweets, I look at them. Like I was pretty good. This person's
1:06:50
The formula out. And so, it makes me reluctant to tweet some things these days because I'm like, wow, that's kind of obvious, or that's something that any one of the various imitator accounts could have tweeted. But I know that when I'm speaking in a clubhouse format that it's, you know, there I have a more of an advantage, because most people are not very good extemporaneous speakers. So the medium, you know, for me fait, Des favors and enmity, but you may just have to find a medium to express yourself through that favors and name of the your
1:07:20
Anonymity. Twitter is one of those media, and if T is another one, coding is absolutely one of those is Satoshi Nakamoto over that is demonstrated. So, I don't view it as a hindrance. And, in fact, I think in this age of the sovereign individual where you want to stay out of the reach of mobs and governments, pseudonymity can be a huge asset. If you start developing that Gene, if you start flexing that muscle that, I think it will serve you well over time, so I don't really view as a dispatch, its allocated disadvantage at the very very beginning.
1:07:50
Actually becomes an advantage later in the
1:07:53
cycle.
1:07:55
Thank you so much. I appreciate it. Thank
1:07:57
you.
1:08:02
Got everyone. So well behaved. It's funny because I've been in other people's Q&A. Sessions is always a troll in there somewhere.
1:08:10
Maybe it's just because it the Sunday night. No one's drunk.
1:08:14
Speak for yourself.
1:08:28
I met David invited someone that was on the shoulder podcast, no, shelling, please.
1:08:40
Any
1:08:41
animal, thank you for the opportunity. Right? I've heard
1:08:49
me but it did enlighten. Me completely like a torrent. I belong together. My question is novel. Now interestingly. I went back to my grandparents home town and I had a huge Awakening that there was a huge ecosystem of people
1:09:06
who were still a decade
1:09:08
back in time drill.
1:09:10
Almost there was nothing new even in the, there was no new business. There was nothing that just came indicated disruption there. So, in a space like this, imagine, I am going to introduce a food item or a product that you know, they are not even used to, how do you think we should build that culture of them, developing it as an everyday consumable?
1:09:35
When this thing has happened 10 years ago, it hasn't happened ever since. How do you think we can reinvent this entire thing?
1:09:42
I'm sorry. I don't understand the question. You guys have to rephrase it for me. Okay, let's came to our show. Alright? Okay, let me, let me put some flour.
1:09:51
Imagine. I have to start a business
1:09:54
where I'm trying to. I'm trying to introduce a very naive and conservative crowd
1:10:01
to something that, you know, is consumed, very commonly across the world, something like a doner kebab or a hamburger.
1:10:08
How do you bring in that cultural change into these thing to a small group of people to adopt a new practice or a new business or, you know, to pick up something new. That is not even used to their sisters to their everyday living in general.
1:10:23
All right, I'm gonna move it. They are is thanks for the question. I think I understand the question. I don't think that's how you actually spread products. I think the way product spread is you build something and there's someone in the potential customer base, who just really can't live without it. So they adopted and then they tell their friends. I don't think you change the customer or you convince the customer. I think you find your customer and sometimes, you know, everyone can be your customer. You create an iPhone.
1:10:53
Everybody wants it or sometimes as a point solution where you build it and one person out of a hundred, raise your hands. And says, I've been waiting for this forever. I can't believe you did it. But this idea that you're changing the audience or changing the customer bring them along. I just don't think that's real that, you know, there are a lot of companies in the early days of the web that were early days of the web that were built for bringing along people who were not yet ready to adopt their product and they kind of universally failed as examples.
1:11:23
Is one called web TV and the idea was that old people, you know, darn to use a computer, the screens are too small and so we have to put the web under TV because they're just watching TV all day. And so let's put the web under TV and it's a spectacular failure. Spend a lot of money, build some cool product, but nobody used it because it turns out that it was easier. Just to let those older people sort of just live their current lives and instead focus on the new kids who are coming up and so, you know, just serve the early adopters and that generally been true.
1:11:53
The web, even with Angel list. When we started building products for VCS, we had to create our own General Partners or to create our own investors and limited partners. We didn't go back to the older ones and try and convince them to adopt our product. So I would get out of this mindset of, you're going to change the customer and convince them to adopt a product. I think rather it's on you to create a product that customers out there or the potential users out there. Already won over celebrity up here. Paul. Davis is here.
1:12:21
Whoo-hoo, get a real celebrity in the house. Ha ha, ha. Well,
1:12:26
that's up.
1:12:27
How's it going? Yeah, it's been a while. Six million followers. You cheated, somehow. I was probably on, on the initial recommended user
1:12:40
list. Yeah. So that was an early user.
1:12:46
That's really was the state of the clubhouse. I've been gone for a while. What's that? Give us a
1:12:51
Date of the clubhouse. I've only been gone for a while.
1:12:54
Oh, yeah, so we been watching a bunch of stuff last couple days. So we've, I mean, the last, however, many months is just been like
1:13:02
building out the basic stuff. You know, we were
1:13:05
like eight people to begin in the year and we're like, 80 now and we built we launched Android. We got to Channel at least. We launched EMS in the past couple weeks. We launched Universal search and clips. And
1:13:21
And we're launching replays. So like native recording in the app and that's coming out in the next couple of weeks. And so it's kind of a it's a big evolution of the product. And so that there's no we're localizing the app like we're doing doing a bunch of stuff. So we're kind of, you know, now at the point where we can just get back to shipping really fast because we kind of have a bunch of the discovery and infrastructure built out, but it's been a, it's been a heck of a year.
1:13:52
Yeah, it's still a it's a very easy to use very simple product. Despite the large number of features in here. You know, one thing I've always been, I'll tell you a funny thing about Clubhouse. When I first started using Clubhouse, which was pretty early on. I remember, I looked at the UI and I was like, wow, this is like this really homegrown scribbled hack together, you know, you? I it's obvious that there's no professional UI designer here, but I'm sure they'll fix that later. They're just experimenting.
1:14:21
And then, here we are like a half later is still the same UI, but not actually grown to like it a lot on. We could you I and it feels like the right UI but it's not like the UI for any other app. I can't point to any other app that I know in the entire IOS app store that has a similar UI that at least predates Clubhouse. So who dreamt up this crazy UI? Where did this come
1:14:42
from? So I was our first designer. So basically in the really early days Rohan Rohan is doing all of the
1:14:51
Sharon. I was doing all the pixels and we collaborated a bunch on product and then are the first designer like real designer who joined was Erin's, the tig who
1:15:03
he's really good. He was the first designer Facebook and he like invented photo tagging and all sorts of other crazy stuff and he's he was
1:15:13
the first designer join our team kind of last fall, but the
1:15:18
so he's been driving that
1:15:19
and we have a couple more
1:15:21
Designers who are, who are really great who joined over the last few months, but you can blame me for the
1:15:28
original. Yeah. I mean, it still looks like the original you I so I don't know what the hell Aaron is doing. You can you can reduce your team from a 270 right there. So
1:15:36
we, you know, you know, it's so painful. Like we there's so many things that we want to polish that are like, you know, pixel level things that we want to polish and visual redesigns want to do and all of that. But we always we've always just tried to ruthlessly prioritize and in like
1:15:51
I have this philosophy that we have to earn the right
1:15:53
to do that. And
1:15:55
and I just, I just think the core product features matter so much more. So we've it's been like us trying to focus on that.
1:16:04
I will say this, this little paper airplane is floating on the bottom right of my screen. Yeah, that would be m. Is that what that is? Yeah. Yeah, so you can use Swipe right till after you could tap on that. Yeah. See, that shouldn't be there. It's just like, it's so in my face, it wants me to touch it. I feel like something violent and kinetic is going.
1:16:21
To happen. When I press it. I'm in the middle of giving a big talk. You know, it just it just feels completely inappropriate
1:16:27
there. So here's the quality of, here's the thing. That's a little bit different about GM's here is that people use them while they're in a room.
1:16:33
So if you pull it over you, if you swipe over from the side, you see it. It's like, you know, 230 goes two-thirds of the way up to the screen and you can have conversations while you're in the room. And so it's a little bit different than most other
1:16:48
platforms where dma in is something that you do.
1:16:51
Separate from creating content. That's interesting. Yeah. No, I get it. Okay, so it's like, it's truly a back-channel. Got it. Yeah. Yeah. Yeah, that's right. Okay. Alright. Still feels weird. It
1:17:02
feels like, it feels like I'm going to press that and the paper airplane is going to literally take off. Yeah. I've got a horrible whatever thousand listeners in here. Finally. We broke a thousand.
1:17:14
So yeah, we're getting we're getting we're getting a too many navigational.
1:17:21
Elements right now. So we're going to need to rethink all that stuff. Probably at a bar at some point, but but try to resist so far,
1:17:28
cool. I'm going to pull up Bram Cohen, Bram Cohen to shut up. Brings a genius people. So whenever Brands around, you got to pull them up.
1:17:37
You'll see if he joins me. There he is. He's not shy Abraham. Hello
1:17:43
Bram, Creator, BitTorrent. So if any of you have heard of this piece of software that's used for all kinds of downloading. I'm sure none of you have actually ever used it because you're all good. People Breck repertoire, which is in my mind was like the first functioning peer-to-peer protocol, you know, for sharing files on the internet, very impressive, piece of software now, he's building Chia.
1:18:06
Which is his take on cryptocurrency and and Bram is a master master Puzzler. Every time I run into them brand gives me some puzzle to do, which I can never do and I feel really stupid after work. So, thanks bro.
1:18:20
It's supposed to take more than a minute to do a puzzle. Like it's, yeah, if it's
1:18:26
in order to be worth your while to manufacture an actual
1:18:28
physical object and should give someone some hours of entertainment if they're gonna
1:18:33
mess with it. This is fair, but you're talking to a man who can't even solve a Rubik's Cube.
1:18:36
Cube because I'm location a Rubik's Cube is actually a really hard puzzle. Oh, really? Yeah. Yeah. Yeah, but
1:18:43
people who do puzzles, there's General agreement. That the the Rubik's Cube is actually too hard to solve for the general.
1:18:49
Public, how to become so popular than, you know, it's just
1:18:53
so fiddly. It's just so physically compelling. It was like independently invented a number of times and it's just such a
1:19:01
canonical thing that appeals
1:19:03
to
1:19:06
people's desire.
1:19:06
Or
1:19:07
to fix patterns in a thing
1:19:09
and people's like,
1:19:11
deep understanding of orthogonal movement because
1:19:15
we live in this world of right angles everywhere, but that concept to being just ever so slightly subverted.
1:19:21
He did not intend, it makes sorry Grandma.
1:19:26
I was gonna say is it not the type of thing? Where if you put if you like learn how to do it and you practice it enough, anyone can basically do it. You actually have to be?
1:19:34
Yeah, it's a quite calm. Yeah. It's a difficulty level. That's
1:19:38
pretty reasonable for the general public to like, look up a solution and follow the
1:19:43
instructions. That's a pretty reasonable exercise for most people to do. So, that's how most people approach it. I am, I did as I started called highlight years ago. And the first, the first engineer we hired was the
1:19:56
Record champion and Rubik's Cube regular and
1:19:58
blindfolded, and for like, 10 minutes interview. We're like show us and he does it behind his back
1:20:05
and in, you
1:20:07
know, double-digit second, something like that.
1:20:12
It's kind of been down on. Go
1:20:13
because if people didn't, it's only relatively recently that people got pretty good at blindfold. But, yeah, he would just, he would just look at it memorize the whole thing, and then just go. Yeah, you know, there's these hilarious.
1:20:26
Arius like they're like, self-reported records on things and there's actually records for blindfolded four by four by four and five by five by five and people's comments. On those things are hilarious because at least when I checked them that this was a number of years ago there weren't that many people who reported having a time for these things at all. And so it's like a self-reported time of like two and a half hours and it's like literally it's like an hour of
1:20:56
Station. And then an hour and a half of salt with a blindfold on and the comment is the first the first time I did it, when I took the blindfold off, it was like, I screamed after I took my blindfold off, it was solved because the first time I did it, I took the blindfold off and it was still scrambled. I messed up somewhere along the line. So so some crazy person like, took the time to like practice enough, that they felt confident and their ability to do this memorization and then and then
1:21:26
to a solve. And then they went and did it spent an hour like memorizing and then put a blindfold on and just set there. Moving this Cube doing mental memory, like remembering things stuff for another hour and a half, took off the blindfold and saw that it was still scrambled and then went through this whole process.
1:21:45
Again, that's amazing because it's not that actually, it's not actually that many moves that I would imagine you need to do, but for the
1:21:56
By 4 by 4. It is
1:21:58
a hum because that's a much larger object than the 3, by 3 by 3. So the like standard size Rubik's Cube. I interesting. Yeah, it is a pretty reasonable size. But the, the Rubik's Cube actually, it's pretty good. A lot of what makes it compelling is. It's very easy to get one piece in place. Like any one piece. If you want to put in place, you just kind of put in place, but that scrambles up everything else.
1:22:26
You do it. So it kind of feeds it kind of feeds into this very primal thing of it's very obvious to people what the pattern should be and it bothers any hint of OCD. They might have that, it's not there and so they instinctively just start putting pieces in place and then it stops working. So it really hooks people in that way. It's interesting
1:22:47
with the hour-and-a-half
1:22:49
solve. I mean, it's not like you can do trial and error, right? So it's not like you're learning along the way.
1:22:54
So, I was wondering
1:22:56
They just use an approach that, that, you
1:22:59
know, easier but takes longer. Or if it's, I think there's a fairly standardized approach that people use where it's like, okay, here's how you analyze the position. And then you like, memorize the sequence of numbers based off of that. And there's some way of translating from the current positions of pieces to these numbers and then you have memorized based on the numbers what things that you do and I assume you
1:23:21
practice it with your eyes open for a
1:23:23
while. Yeah.
1:23:27
And things like that, but ya know, nowadays, the blindfold salts are actually, you know, it really impressively fast even in absolute terms, but the, the non blindfold solves these days. The fastest, average anyone's ever done is I believe it's below 5 Seconds now and that's not like a one-time solve. That's like an average over like whatever number of times they do it. And they instead just don't understand the point of
1:23:56
Coming good at something that a computer can do better.
1:24:01
Well, the the
1:24:03
well, it's a sport, right? Like it's like all Stan, understand support, either.
1:24:09
I think sports are largely about
1:24:12
physical activities different thing. And, you know, think of the camaraderie element is a physical activity, element, those make sense, and maybe there's but, yeah, just the idea that like, for example is why I never got the chess. It's like, okay, eventually computer is going to beat you at it. So, what's the point?
1:24:25
Point. What do you think? Do you feel the same way about photo realistic art? Yes.
1:24:34
I've never been interested in anything that isn't open ended and he closed form problem. Just feels like you're you're just wasting your time, which might be fine. What? It's like a fidget spinner, right? You do that because you're enjoying wasting your time. I don't wanna, I don't wanna
1:24:52
what about Smash Brothers.
1:24:58
You got me. People are working on.
1:25:04
Like, when you do these activities but bettering themselves to what end, but you're improving your reflexes, you're improving your
1:25:11
reasoning ability, you're, you know, doing these things.
1:25:14
Is it really reasonable ability. It feels like a very specific for memorization. Well, I agree that when you saw the original puzzles, then you're exploring like your mental map space and you're increasing that. But if you're just memorizing, Rubik's Cube loops and then figure out how to do them blindfolded. That just seems like the work of an ultimate on. So like I'm I'm a juggler. So I'm a five ball juggler.
1:25:34
And for me, I got into juggling
1:25:37
because well, I was born in college and and then I
1:25:39
eventually dropped out. But I I juggled a lot that and I'm still pretty good at check on. But my best prop by far was always devil stick and I don't do double stick anymore. And a lot of that is because I just didn't enjoy doing it as much as regular juggling because I'm actually really just doing it as exercise and trying
1:26:05
It's also the meditative right? Cuz you're getting out of your own mind. You're focusing on something. If you start if your mind starts wandering that you going to drop, drop something weird. Are you like still thinking about like the horrible things that happened during your day? While you're juggling five balls, or does it actually take you enough out of you? It's weird. So there are certain kinds of thoughts. You can have while you're juggling and there are other ones you can't. And it's kind of like
1:26:34
like your minds sorted does wander when you doing it. I mostly count how many caches I'm doing, but you can have other thoughts that happen, but you can't like there can't be any counting happening in them. If you're also counting your caches. And also there's certain kinds of things like the part of your brain that thinks about how your hands work and how trajectories of objects work. That's like just totally busy. But then the rest of your brain, you actually do it better. If that part of your, the rest of your brain is preoccupied, with some
1:27:04
A random thing and not like
1:27:06
yeah, it's yeah chuckling that's a good point. So there's okay. So there's two kinds of, you know, physical Focus. There's one which might put you in flow. Let's say you're sailing or you're surfing or snowboarding where you're completely focused on the physical activity. And so it takes you out of your mind, can give you some peace, but on the flip side, there are things like you're going for a walk or you're juggling. You're taking a shower, you're driving a car where you're doing something physical and you're certain part of your brain is
1:27:34
Pied. But the other part of your brain suddenly gets very creative and can wander, and you can have your shower, thoughts. You're walking thoughts. Yeah. Yeah, it's more like walking that that's not a bad analogy. It's a little different because, well, two things. First of all, for me at least five balls is on the edge of
1:27:52
what I can athletically do.
1:27:54
So I'm trying to build up to doing five balls for five minutes mostly because I'm for a really stupid. Petty reason that
1:28:04
Used to do a lot of five ball endurance, but I never times myself doing it. And the longest I was ever timed for which is probably not the longest run I've ever had. Was that a five ball endurance competition at a juggling convention. I dropped just shy of
1:28:18
five minutes.
1:28:20
So I would like to get back up to it and be able to do five balls for five minutes, but these days I usually drop.
1:28:28
My longer runs, I get around 300 catches and then I drop just because my arms are just
1:28:34
burning to just fire in my forearms from from doing it for that
1:28:39
one. But there's also this big thing with it. We're like, you're not capable consciously of keeping track of as much stuff as you need to for juggling that many objects. It really is like some part of your brain is just completely autonomically.
1:28:57
Doing stuff like faster than you can think. And then a lot of what you're doing consciously is just don't get rattled your sort of vaguely getting aware of Whenever there are throws that are really off but a lot of it is. Stay
1:29:13
calm.
1:29:16
It. Don't get like it, don't get stressed kidding, xiety. Just whatever thing goes off immediately as quickly as possible, get the pattern back together and just keep going.
1:29:27
And forget
1:29:28
about how it almost fell apart. Just literally one second ago.
1:29:31
It almost seems to be like conscious thinking is overrated. It's how we communicate as humans because we have to articulate to each other in with the give reasons and planning to each other. But for our own maximum creativity and productivity. It's in the conscious thought takes a backseat. For example, when you're juggling, you're saying, you can't think consciously, okay, that's in the physical domain. But even when you're trying to be created, when you try to have a breakthrough, you know, a lot of that comes subconsciously. When
1:29:57
Trying to make a decision. A lot of that comes subconsciously from gut, feel conscious to me seems is mostly about ex, post facto reasoning, to explain to somebody why you did something or to come up with some plan that you can, then, you know, communicate and implement. But it seems like it's just a very small portion of our planning. And yeah. And and, and the evidence is overwhelming that most of the time when you ask someone, like why did you do blah-dee blah?
1:30:28
Their brain just sort of make something up. And right, there's experiments, where they separate the hemispheres. The person's hemisphere has been cut through surgery to stop an epileptic seizure and then they show one side. Some image nearsighted different image than they asked you why you did something and depending on, whether they answer their left hand, the right hand to give you different answers. Yeah, and but the weird thing is, they're not aware that they're making up bullshit when they give answers. They think they're giving like right. The legit reason. You're correct. Yeah.
1:30:58
There's also other things where you can like, hit someone with like an electric shock that forcibly, like makes them shrug. And you say, why did you shrug there? I don't know. I just decided to shrug at that moment. Yeah, I found that at least the way that my, the way my mind powder works. Is that a lot of the times when I am thinking something, I'm actually telling it to somebody else was probably what makes me good at Clubhouse and Twitter is this. I'm used to all this talking to other people in my head. I'm always explaining it to somebody and it's I've tried to get rid of that effect.
1:31:28
Shouldn't because I'm like, well, what if I don't want to tell somebody else? It's just still be valuable. But then my mind just automatically falls back into that pattern. I wonder if that's just me or if everybody does that. Oh, people's brains are very different. Like, I don't really think in words very much at
1:31:42
all. What, how would you describe how you think?
1:31:48
Yeah,
1:31:50
I don't know how to describe how I think. There's a lot of, there's all these weird things about it that like, like, I'm really good at mechanical things. Like these very three-dimensional things but my two-dimensional visualization actually kind of sucks. So, I think it's more that it's kind of like using hands. I think
1:32:11
it's like the dorsal
1:32:13
Vision pathway. Instead of the ventral thing.
1:32:18
It's but it's weird because for me, what I'm thinking in terms of like algorithmic Concepts and cryptographic things and things like that. Those are just like Primitives that I think about that just feel very natural to
1:32:31
me. Like
1:32:33
Richard find me. You could talk about how he did all this math problems. Visually like you would always imagine like, oh it's an orange and the orange of the surface and spending, you know, on a table or something. So you would always turn it very Visual and I would say even for myself like
1:32:47
Like if I don't have a visual feel for something, then I'll just start making it up. I'll start assigning colors and shapes to things. Even while I'm putting words around it and images, it's very hard to think, purely verbally. Yeah, my the way I think is much more abstract. Usually than that, which makes it like. Well, it's good and bad for talking about it because like in some ways it's easier to verbalize abstract.
1:33:18
Serps or at least it makes me able to verbalize aspects of things without getting mired down in too much of the details sometimes but also often it's kind of like, if I'm having trouble, it's kind of like, if I couldn't verbalize it. I have
1:33:35
trouble
1:33:36
doing the reasoning and it's just, it's an unusual thought
1:33:40
process that I'm falling.
1:33:43
No leads to unusual outcomes and, you know, the modern world uses have to be right once. So it's exactly nonlinear intellectual domains. We don't have much risk of downside and if you hit on the upside down, well, there's benefit to just having a different brain from everybody else. In any direction. It just has to be different from other people. Yes, as long as you're living in a society that rewards specialization of Labor. Which our? Yeah, yeah.
1:34:10
But yes, if you had to live in the woods and start a fire by yourself, well, all of us would die, but, you know, you probably a little earlier but yeah, the the, there's no way you could ever
1:34:21
possibly figure out how to start a fire by yourself. That's
1:34:24
like, it's not that bad, but
1:34:26
it's like, like days of training to get get, get the hang of it. They're well established
1:34:36
techniques for turning on.
1:34:40
Shower thoughts like those times where you have that Insight that, you know, sort of been waiting to have it, come to you.
1:34:48
I have my own that I've hacked, but I don't know if they're well established.
1:34:52
So, a lot
1:34:53
of my process often is, it's very rare for me to have, like, Anna thought, where I'm like, oh, I have to go write this down right now because it's kind of like my thoughts are often, very half-chewed, and it's kind of like, well, there's this process of like kind of forgetting it and then re remembering /, reconstructing it, and having a better sense of it when I do it that time as well.
1:35:18
And I think a lot of my ideas like I don't remember the moment when I came up with them and affair.
1:35:29
A fair number of them. Actually, I remember coming up with the thought while I was asleep. It literally came to me in a dream. Although my dreams are like, semi lucid. And really
1:35:44
strange. It doesn't surprise
1:35:49
me and and I assume that a lot of the ideas that I have that I just don't remember when I came up with them. I'm literally just
1:35:58
Came up with them while I was asleep, but it was like Wally was deeping. I didn't wake up immediately afterwards. So just that the idea remained In My Memory, but the process did.
1:36:14
yeah, I don't know about any specific techniques for turning that on, what I can say is that
1:36:23
You know, it and most people this isn't even going to be relevant. But I'll I'll say it just to kind of Aid in the understanding, you know, if you can look at a problem without thinking about it.
1:36:36
That is very conducive to the kind of shower thought, type of insight.
1:36:43
Because it I mean it goes back to what you guys were saying about conscious thinking earlier come your conscious thinking is basically just your memory acting so you're not going to come upon anything novel. You're not going to find any fresh insights when you're just consciously thinking about something, it's the kind of passive observation and then something jumps out at you. Well,
1:37:03
it will conscious thinking can be good when you're trying to be
1:37:06
methodical. Yeah, absolutely. When you're trying to
1:37:10
cover.
1:37:12
Every possibility when you're trying
1:37:14
to work through a whole bunch of pieces of data that you want to make sure that you've
1:37:19
covered being conscious conscientious conscious and such conscientious about what you're doing, can be very, very helpful there. And that's not all that your mind me and her kind of process, but for me a lot of my process just in general is pace around stare off into space.
1:37:42
Like I don't know what my brain wander until some kind of patterns click into place in my brain and it's a matter of like not trying to congeal them too fast, as that's a bad one. And kind of
1:37:57
the trick that I used to use was the photo that, you know, spend some time, looking at, whatever problem it was that I was trying to solve. And then if you can't get there, analytically, obviously you need the sort of shower thoughts.
1:38:11
Approach. So you basically, you spend time looking at the problem and then you just drop it and do some mindless activity. Like you said, you'd when you're juggling, it's very similar to
1:38:21
yeah. And which is a computer science analogy. Where, what I would do is, I would just and is not deliberate. This kind of how my mind works. I just obsess over something over and over and over from every angle. I can't stop thinking about it and I think about it for as long as I need, to, until I'm exhausted. And I'm fed up with it and then like a day later or two days later, like the answer will just come to me.
1:38:41
And if I Rush the process, if I try to get an answer before my subconscious, produces the answer, then it comes out wrong. But if I just let everything kind of sit for awhile, then we'll come out correctly. And so I think of it as like I'm loading the problem into my subconscious through my conscience. I'm loading the problem. I'm examining from every angle and then once my subconscious has all the data and is convinced that it's an important problem to work on because I've been obsessing over it, then during my sleep or
1:39:11
During my normal activity, little background process it and it does subconscious a lot more processing power than the conscious. It's just that it's busy. It doesn't want to think about every little thing so you really have to inform it and send the urgency to it. And then when it's ready, it kind of produces the answer and usually comes out when the when you're somehow. I don't know why but it's shower thoughts or walking thoughts. When you're kind of by yourself, you're physically somewhat occupied, but you're mentally free and they'll sort of pop out the answer.
1:39:41
I'm
1:39:41
going to comes out. Usually for me. It's articulated in a very pithy way. I mean, that's my Twitter personality too, but it'll come out and almost like a tweet-worthy, one sentence where it's like, no this is why it's the answer like, oh, yeah. It's like over the last year. For example. I was obsessing over, you know, where to live because one of the things that covid is done for many of us is given us our Geographic to dependence. And so I was obsessing and I you know, where to live is one of the biggest decisions you ever make because you're choosing liquid your
1:40:11
Neighbors are who your friends are, you know, where kids, go to school? All those kinds of things and I was obsessing over all the different factors and then it finally popped up taking that actually I should optimize for quality of life at this point because I'll just live longer and healthier and everything else is irrelevant. And that's what he gave me the answer. But it took quite a bit of obsession, you know, going through taxes and earning power words, friends, and words family before all that immersion. Please don't give her my location, but, you know, you understand the process that I went.
1:40:40
It can help to just literally sleep on things that that makes a big difference. So it's a little bit. Yes load your subconsciousness sleep on it. Yeah, I'm pretty sure my subconscious process did while I was sleeping. Not what I wasn't necessarily away.
1:40:52
Yeah. I think I heard I think it was from Josh waitzkin. I hope I'm not miss attributing this but one of the things that he said was was basically if you want your subconscious to work on a problem, focus on it for 10 minutes before you go to bed and then just sleep.
1:41:09
Yet. There have been a number of good ideas that I've had where I literally remember coming up with this. The idea in a dream and I woke up and I still remember the idea. Now, most of the time when that happens. It's incoherent gibberish, but sometimes it's actually a really good idea. Well, actually my famous tweet storm and how to get rich without getting? Lucky was a late night thing. I woke up at 3:00 in the morning and wrote it, and it was because I've been turning it over and over in my head for
1:41:38
Days. And days and days. Obviously, I had the ideas for a long time, but I've been figuring how to turn a few, how to articulate them for a long time. And I taken a few rough notes here and there. But I couldn't quite get both the inspiration and the wording just right. And then, I woke up at 3:00 in the morning and I pulled out my iPad. It was all typed out of my iPad, not even computer in bed. And then I tweeted off at 340, or something like that. And I went back to sleep and then I woke up in the morning and somebody was saying, wow, in the vale been times his tweets. He's got a perfectly down to exactly the right time. As I know, that was probably the worst.
1:42:08
Possible. I'm gonna post it. It was just like, came to me in the middle of the night. Yeah, it Twitter. Unfortunately, that doesn't like letting you schedule tweets storms their kind of hostile to the concept. It seems. Yeah. And I think for the good stuff it doesn't matter. I mean you're trying to hopefully this Timeless anyway, but yeah, there is definitely a time element to Twitter, but I kind of feel like it shouldn't matter if you've got something good to say, say it while you can.
1:42:35
Yeah, but better to say it at all, then never say it. Yeah, every tweet of mine that I hesitated on just goes in the drafts folder and never get sent.
1:42:48
Yeah, often when I actually go. Okay. I have this clear in my head. I'm going to sit down and write it up. Now. It turns out it's a lot more stuff than I
1:42:57
realize. Like
1:43:02
a lot of well often. It's something that's pretty technical but it'll be like this pretty long
1:43:06
involved, technical. Right up. That's like okay, here's all of the high-level points and how to go about doing this kind of stuff. I
1:43:12
unfortunately hardly get the code anymore. I like figure out what all the major
1:43:16
Our issues are and how to get around
1:43:17
them and they explain it to other people. They code it. Are they good enough
1:43:21
voters? Yes. All the problem. Well, okay. Yeah.
1:43:25
Yeah, then you're well leveraged. Yes. Yeah. Yeah. Well it write it for the most part would not be a terribly good use of my time for me to actually be coding,
1:43:36
but I would like to be doing more
1:43:38
putting Angel. Well, it's like, you know, Satoshi, I don't think most of the Bitcoin core Klein himself, but he was
1:43:46
Sufficiently obsessed with the design to get the design parameters to where he thought were correct. So I assume you're still obsessing over the design of your
1:43:53
sister. Well, thankfully, well For Better, or For Worse the consensus algorithm is set now, right? So we're
1:44:02
following this model
1:44:03
of
1:44:06
Trying to hopefully never do hard Forks at all. So, like, literally the blockchains out running and my whole team could just vanish off the face of the earth, and the blockchain would still keep running without us. No problem. So as part of that, the consensus algorithm is just set and like there's been concrete poured into it. It's not changing, which means a whole bunch of things I was working on before.
1:44:34
I'm not worrying about anymore. Now. I'm worrying about like layer tube stuff. Like, how do you actually program money? Those kinds of questions which are a very different set
1:44:43
of things.
1:44:45
All right. Well, I'm probably gonna bounce out. It's getting a little late over here. So
1:44:50
you guys can continue on, of course. Thanks for joining. I'm gonna take a Hiatus, good to see all black and Clubhouse. Good to see you. Paul keeping the engine going love, the you. I don't change it too much. I still don't get the paper airplane, but sure that your word for it. Thanks everybody.
1:45:08
Thanks a lot. Bye Nevel.
1:45:14
Well, I'm I'm kind of thinking most of the people with their hands raised had questions for Nepal. So the rooms probably going to clear out pretty fast. But if any of you had questions that you wanted to ask me, I'm happy to answer any of them.
1:45:33
Give you a second to put your hand down. If you're waiting for an appalled and I'll start taking questions.
1:45:52
Late, whenever, and of all joins, our room is ill new people join after. And then like it, it often takes a long time for them to leave, even if people in the room are just
1:46:01
Sort of intentionally yakkung yakkung nonsense to see if they can get everyone to leave. Often. It takes a long time. And yeah, I believe it enough all effect.
1:46:16
I'll just start bringing people up here. We'll see.
1:46:28
Hello. Thanks for bringing me up. I hope you can hear me. Well, yeah, what's up? Hey, perfect. Yeah, I was listening to the whole Clubhouse. Talk was really nice. Thank you very much for it. I have a question because we talked a lot about Focus. Also, a lot of speakers like guests were asking how to focus their own time and work, and I have the feeling that in today's time. It's very
1:46:56
Easy to get distracted because, you know, you have access to so many things, including this couples
1:47:02
talk. And you also develop a very, very quick,
1:47:06
like, fear of missing out in different areas, Let It Be
1:47:10
cryptocurrencies, or maybe sometimes other things that you hear during such a clubhouse talk and how you can of can protect yourself from jumping
1:47:19
onto something. We're just someone has is very convincing
1:47:23
and is
1:47:26
Yep, basically dragging you into something that you might not even go. That that's basically my question. Although I mean, I think that fear of missing out is really the killer because it's kind of this voice in your head like
1:47:43
You know, what if the next great thing is right over here, and I mean, basically what it is is pleasure-seeking.
1:47:52
So there's the and I don't have any practical like time management advice for anyone, but, but just from the standpoint of the things that you look to fill your attention with, I would start by examining what it is. That truly like piques your interest when you see something that makes you click.
1:48:20
But I guess it's easier for some people to like really focus on one thing and for others to get like, very tricky distracted. And I think most of the people know if they are in one or the other side and I like I just want to repeat, like, I see many people are here. Let us be novel or you or Bram. They they are here to seek advice and some sort of way that when you are
1:48:49
I was like, can be easily convinced about something new, then keep might even follow advisors, which are not like in your natural. That like, do you have your own ways to protect yourself from getting
1:49:03
getting distracted
1:49:05
by, like being basically being a puppet like opportunist, but I like a wrong type of opportunists like not listening to their old skills, but rather like jumping on
1:49:16
apartments because somebody is
1:49:18
just very good.
1:49:19
In talking and selling you ideas. Well there, I mean knowing what is basically
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