Internet Money - Newsletter #10

👋🏼 Hi, I’m Cedric. I run a hedge fund (Mandelbrot Capital) & a private think tank (the 1000x Group).  

Each week I share the most important things happening in the weird world of Internet Money.

 

Like this Internet Money newsletter? ༼ つ ◕_◕ ༽つ give it to your friends.

 

Newsletter #10 covers the 4 topics below:

 

  • 📣 News

  • 🤔 Coin thoughts

  • 📹 Watch

  • 🤖 Future trends

 

📣 News

  • Fidelity (manages $2.4 trillion of regular Joe’s money) is building a crypto exchange Link

  • SAP (European multinational software co that makes enterprise software ) conducted a survey of 250 customers and found, that although it was early days, there is enterprise interest in exploring blockchain technology.  Link - Personally, it’s my view that “permissioned ledgers” are unlikely to offer any advantages over a database to anyone other the software seller (I’m looking at you SAP, IBM, etc) and maybe the buyers director of innovation who thinks this will look good on their resume.

  • Hackers are attacking small coin networks, and getting away with $20+ million - Link


 

🤔 Coin thoughts

  • Director of International Monetary Fund says crypto may reduce demand for central bank money Link


 

📹 Watch

  • Millennials will kick your a$$ Link

  • Charlie Rose - The Brain Series Link


 

🤖Future trends that change how humans money (and how I invest)

  • Flying cars are crawling to mass adoption Link 1 | Link 2 | Link 3

  • Universal Basic Income is being tested in California (again) - I expect UBI to become a major trend politically.  It wouldn’t surprise me if UBI is _the_ major political topic by the 2028 US presidential election (or sooner) Link


 

🤑Bonus Points - These ideas will multiply the power of your Brain Juice, but they come at a cost… your Brain Juice.

  • Want to Change Society’s Views? Here’s How Many People You’ll Need on Your Side Link

  • 📕I’m reading, How to Change Your Mind - Read with me.


 

Enjoyed this newsletter? Previous issues available here Link


Internet Money - Newsletter #9

 

👋🏼 Hi, I’m Cedric. I run a hedge fund (Mandelbrot Capital) & a private think tank (the 1000x Group).  

Each week I share the most important things happening in the weird world of Internet Money.

 

Like this Internet Money newsletter? ༼ つ ◕_◕ ༽つ give it to your friends and subscribe here.

 

Newsletter #9 covers the 6 topics below:

 

  • 📣 News

  • 🤔 Coin thoughts

  • 🐦 Tweets

  • 📹 Watch

  • 🤖 Future trends

  • 🤓 Smarty Pants

 

📣 News

  • SEC goes after ICO Founder Link

  • John McAfee launching internet money you can touch Link

  • Asus, a large computer part maker selling Internet-Money-Mining motherboards Link

  • Internet Giant Baidu making Energy-Efficient ‘Super Chain’ Link

  • Traders With Pockets Full of Internet Money Quit Wall Street Link


 

🐦Tweets

  • How to get rich without getting lucky (@Naval) Link

  • How much does security cost per year, as a fraction of network value? Link


 

🤔 Coin thoughts

  • Ethereum’s plan to become 10,000x more powerful Link

  • Just 10 Addresses Hold Nearly 50% of All EOS coins Link

  • A simple way to understand how coins decide what’s true Link



 

📹 Watch

  • 😱Why SELL NOW? 🤯 Link


 

🤖Future trends that change how humans money (and how I invest)

  • Technology adoption is accelerating Link

  • Internet Trends 2018 (If you like money, and want to understand how the internet is eating money so you can capture some of that value then I _strongly_ recommend you spend a few minutes looking through this) - every year, Mary Meeker puts out a detailed analysis of what’s happening on the internet.  It’s worth your Brain Juice. Link


 

🤓Smarty Pants

  • Rewriting History: A Brief Introduction to Long Range Attacks Link

 

🤑Bonus Points - These ideas will multiply the power of your Brain Juice, but they come at a cost… your Brain Juice.

 

💊 Life Changer

  • Mental Models - this is my home page.  Every time I use the internet I first look at this list of mental models and think about how they apply to my life, work, and ambitions. Understanding these patterns will significantly change your life for the better. Link


Internet Money - Newsletter #8

👋🏼 Hi, I’m Cedric. I’ve been in Internet Money since 2010 and have done everything in the space, including…

  • Running a Google Ventures backed Bitcoin exchange

  • 3 profitable crypto hedge funds

  • Mining operations at scale

  • Private think tanks

  • Government consulting

 

These days I focus on my hedge fund (Mandelbrot Capital) & a private think tank (the 1000x Group).  

 

Each week I share the most important things happening in the weird world of Internet Money.

 

Like this Internet Money newsletter? ༼ つ ◕_◕ ༽つ give it to your friends and subscribe here.

 

Newsletter #8 covers the 8 topics below.   

  • 🤔Coin thoughts

  • 🤯Crypto Industry Madness

  • 📣News

  • 📹Watch

  • 🐦Tweets

  • 📚Books to read (or listen to 🎧)

  • 🤖Future trends

  • 🤓Smarty pants

 

🤔 Coin thoughts

  • Bitcoin

    • Bitcoin transaction fees down 98%.  How? Link

  • New thing worth watching (very, very rare)

    • Snowflake -> Avalanche: anonymous team makes new way for computers to agree Link

  • Monero

    • Tari - Monero is making a smart contract platform (sorta like Ethereum, maybe, we’ll see) Link

  • Mobile Money

    • PayPal Is Spending $2.2 billion to take on Square Link

    • Starbucks is the mobile payments KING. Beats Apple, Google, and Samsung Link


 

🤯Crypto Industry Madness

  • Blockchain talent war - $1 million bonuses Link

  • $152 million lawsuit over Augur Link

  • How to spot (and avoid) a sketchy ICO Link

  • World’s dominant crypto-chip co wants to own AI Link


 

📣 News

  • Coinbase wants a banking license Link


 

📹 Watch

 

🐦Tweets

  • 1st country gives up normal money, switches to national cryptocurrency (expect more) Link

  • Bitcoin Gold hacked Link


 

📚Books to read (or listen to 🎧)

  • Bitcoin Standard, new book, summary via tweet storm Link

  • Facebook founder, Mark Zuckerberg, thinks Universal Basic Income is worth studying.  His friend and early Facebook employee just released a book about it - Story - Book


 

🤖Future trends that change how humans money (and how I invest)

  • 😱Elon Musk’s Open AI finds AI brain juice (spent compute) is doubling every 3.5 months  Link

  • Real talk - the data doesn’t lie - I use this to understand and bet on the future Link 🧐

 

🤓Smarty pants - read this if you _need_ to know how things work.

  • Bitcoin transaction fees - farm to table -  Link

  • How much treasure can you win by attacking Ethereum Classic? Link

  • This guy prob created Bitcoin, read his 4 things.  1 thing = 6 months of university Link

  • Agoric - smarter Smart Contracts Summary - More - All


 

Bonus Points

  • Co-writer of Manufacturing Consent, Edward Herman, dies. Watch the Video.  Read the book. Why you should read this now.

  • Can you spot a liar? Link


Internet Money - Newsletter #7

👋🏼 Hi, I’m Cedric. I run a hedge fund (Mandelbrot Capital) & a private think tank (the 1000x Group).  

Each week I share the most important things happening in the weird world of Internet Money.

 

Like this Internet Money newsletter? ༼ つ ◕_◕ ༽つ give it to your friends and subscribe here.

 

Newsletter #7 covers the 5 topics below.   

  • 😂Funny

  • 🤔Coin thoughts

  • 📣News

  • 📹Watch

  • 🤖Future trends

 

😂Funny

  • Government employees fired for using work computers to mine Internet Money (including an employee of the Federal Reserve) Link

  • Miner trolls Warren Buffett with Bitcoin billboards Link

 

🤔 Coin thoughts

  • Bitcoin

    • Economist estimates Bitcoin will use 0.5% of world’s energy by the end of the year Link

    • Bitcoin Bet for “Any Amount of Money” Link

    • Lawsuit says this guy lied about inventing Bitcoin (under oath) and could go to jail for a long time Link

    • Twitter founder thinks Bitcoin can be Web's 'Native Currency' Link

    • New Bitcoin Wallet Works Without the Internet Link

  • Ethereum

    • Apple co-founder thinks Ethereum Could Be The New Apple Link

    • Malware Drains Ethereum Wallets Link

  • General

    • PayPal Alum thinks Blockchain Will Change Real Estate - skeptics ask if tokens are just financial engineering. (I agree with the skeptics)  Link

    • Why Blockchain is Hard Link

 

📣 News

  • Rich people

    • Coinbase announced tech for Big Money Players  Link

    • CME Group Partners to Launch Ether Reference Rate Index Link

    • JPMorgan has a 29-year-old running Internet Money Strategy Link

  • Fraud

    • Floyd Mayweather ICO Indicted for Fraud Link

    • The SEC Made a Fake ICO Website to Educate Investors Link

  • But why?

    • AWS Moves to Simplify Blockchains Link

    • HTC just announced the world’s first blockchain phone Link

 

📹 Watch

 

🤖Future trends that change how humans money (and how I invest)

  • Tesla Model X breaks electric towing record by pulling a Boeing 787-9 Dreamliner Link - This is part of a larger trend of big improvements in price/performance of electric vs gas cars. As the world stops production of gas motors, (estimated in 8 years according to this study) and electric / autonomous vehicles become the norm, it’s only a matter of time before humans are no longer allowed to drive. Also, our autonomous / electric vehicles will need a way of communicating… could Internet Money be the way? 🤔We’ll see.


 


Internet Money - Newsletter #6

👋🏼 Hi, I’m Cedric. I run Mandelbrot Capital & the 1000x Group.  

Each week I share the most important & interesting things happening in the weird world of Internet Money. Forward this to your smartest friends and encourage them to subscribe here.

This is our 6th Internet Money newsletter.  If you like it, ༼ つ ◕_◕ ༽つ tell me on Twitter, and I’ll make one more.  

Newsletter #6 covers the 5 topics below.   

  • 🤔 Coin thoughts

  • 📣 News

  • 📹 Watch

  • 🐦Tweets

  • 🤖Future trends

 

🤔 Coin thoughts

  • Macro

    • 12 Graphs tell us 1 thing - The Cryptocurrency Market Is Early Link

    • Crypto’s Big Lie (Get Rich Quick) Link

    • Biggest Coin Winners - Data Viz  Link

  • Smart Contracts

    • Has Ethereum won developer network effects? They think so. Link

  • Where do rich people store their coins?

    • The $10 Billion Bitcoin Bunker Link

 

📣 News

  • Facebook Coin Link

  • Goldman Sachs Vice President Leaves for Cryptocurrency Link

  • Bill Gates to ‘short Bitcoin’ - Tyler Winklevoss responds Link

  • Bitcoin Sees Wall Street Warm to Trading Virtual Currency Link

  • Did Robinhood use crypto to make it’s founders Billionaires? Link - Also... Robinhood Aims to Rival Coinbase in Crypto With $363 Million Funding Round Link

  • Chinese Messaging Giant WeChat Shuts Down Blockchain App Link

  • Chamath: I'm a Warren Buffett 'disciple,' but he's wrong about Bitcoin Link

 

📹 Watch

 

🐦Tweets

  • ICO scams Link

  • Crypto outlook Link

  • Facebook launches Blockchain division Link

  • Vending machine uses crypto to know your age Link

  • % of supply owned by the top 100 accounts Link

 

🤖Future trends that change how humans money (and how I invest)

  • Electric vehicle charging is good and getting better. Oil has limited time in transportation. Link

  • Brain to computer interfaces take a big step forward Link

  • Banks are allergic to innovation. The data is staggering. Beware investing in companies selling innovation to banks Link - Listen to this podcast about Ripple Link

  • Gas scooter sales down, electric scooter sales up Link

  • Google’s AI is having conversations, so you don’t have to Link

 

🤑Bonus Points

  • Futures Trading reliably crashes crypto prices - via Federal Reserve  Link


Internet Money - Newsletter #5

👋🏼 Hi, I’m Cedric. I work at Mandelbrot Capital & the 1000x Group.  

This is the 5th Internet Money newsletter.  If you like it, tell me on Instagram or Twitter, and I’ll make more.  

༼ つ ◕_◕ ༽つ give feedback on likes / gripes and we’ll make changes for newsletter 6

 

Newsletter #5 covers the 3 topics below.   

  • 🤔 Coin thoughts

  • 📣 News

  • 📹 Watch

 

🤔 Coin thoughts - Ripple*

  • Ripple questioned by British Parliament, Ripple deny creating XRP, call it a gift - Link

"XRP is open source and it was not created by our company [...] We didn't create XRP [...] we do own a significant amount of XRP, it was gifted to us by some of the open-source developers that created it. But there's not a direct connection between Ripple the company and XRP” - Ripple’s director of regulatory relations Ryan Zagone
  • Ripple hit with Class-Action Law Suit over ‘Never Ending ICO’ - Link

  • *Disclaimer - I have spoken out against Ripple on YouTube Link (the tech doesn’t seem to work at scale and I worry Ripple’s partnership announcements mislead people about the long term use / value of XRP)

 

📣 News

  • Blockchain - the most demanded freelance skill - Link

  • Biggest bet against Bitcoin lost - Link

  • SEC is cautiously open to initial coin offerings, commissioner says - Link

  • Ethereum creator Teases BIG update (new scaling tech) on Twitter -  Link

  • Charlie Munger compares cryptocurrencies to “turds” and “dementia” - Link

📹 Watch


 

🤑Bonus Points

  • The average American worker takes less vacation time than a medieval peasant - Link


Internet Money - Newsletter #4

👋🏼 Hi, I’m Cedric. I work at Mandelbrot Capital & the 1000x Group.  

This is the 4th Internet Money newsletter.  If you like it, tell me on Instagram or Twitter, and I’ll make more.  

༼ つ ◕_◕ ༽つ give feedback on likes / gripes and we’ll make changes for newsletter 5

 

Newsletter #4 covers the 5 topics below.   

  • 🤔 Coin thoughts

  • 📣 News

  • 📹 Watch

  • 📚Book recommendations

  • 🐦Tweets

 

🤔 Coin thoughts - EOS

  • On EOS - by Ryan Selkis - Does EOS make sense? Link

  • EOS Gains $10 Billion in Market Cap [...] But is This a Facade? Link


 

📣 News

  • Ethereum vs Regulators - Link

  • Civic announces Token Behavior Model -  Link

  • Ethereum Creator (Vitalik Buterin)  Vs News site Coin Desk - Link | A different perspective by Ryan Selkis‏ @twobitidiot - Link

  • $10 billion South Korean gaming giant Nexon acquired Korbit, Korea’s 3rd largest exchange. According to sources, it’s planning to acquire Bitstamp, the oldest (living) bitcoin exchange, for ~$350 million. - Link

📹 Watch

 

📚Book recommendations by @ErikVoorhees (creator of Shape Shift / Satoshi Dice)

  • "What Has Government Done to Our Money?" by Murray Rothbard.

  • "The Law" by Frederick Bastiat


 

🐦Tweets

  • “This is from the finance minister of South Korea. Quite incredible. He said alternative payment methods like cryptocurrency (bitcoin, Ethereum, etc.) could replace the fiat system and reserve currencies. He also said crypto market is rapidly growing.” Joseph Young‏ @iamjosephyoung - Link

 

🤑Bonus Points (only read if you want an unfair advantage - brain juice needed)

  • On Radical Markets -  by Vitalik Buterin Link

Internet Money - Newsletter #3

 

👋🏼 Hi, I’m Cedric. I work at Mandelbrot Capital & the 1000x Group.

This is the 3rd Internet Money newsletter.  If you like it, I’ll make more.

Newsletter #3 covers the 5 topics below.   ༼ つ ◕_◕ ༽つ give feedback on likes / gripes and we’ll make changes for newsletter 4

  • 🤔 Coin thoughts

  • 👓 Look ahead

  • 📹 Watch

  • 📣 News

  • 🐦 Tweet Storms


 

🤔 Coin thoughts

  • Hashgraph announces private and public networks.  Smarty pants like Youtuber Siraj Raval are sceptical - link

 

👓 Look ahead

 

📹 Watch

 

📣 News

 

🐦 Tweet Storm

  • Vitalik Buterin (Ethereum Creator) calls out Craig Wright (who claimed to create Bitcoin, likely for tax purposes) as a fraud. Link - Read Vitalik’s entire tweet storm leading up to the call out here.
 

Internet Money - Newsletter #2

 

👋🏼 Hi, I’m Cedric. I work at Mandelbrot Capital & the 1000x Group (see end of newsletter).  

This is the second Internet Money newsletter.  If you like it, I’ll make more.  

Newsletter #2 covers the 4 topics below.   ༼ つ ◕_◕ ༽つ give feedback on likes / gripes and we’ll make changes for newsletter 3

  • 🤔 Coin thoughts
  • 👓 Look ahead 
  • 📹 Watch 
  • 📣 News

=

🤔 Coin thoughts

 

👓 Look ahead - early peek at promising coin tech (*This is not advice, or an endorsement, just my opinion.) 

  • Hashgraph - A new alternative to blockchains.  If it works, Hashgraph can process transactions many millions of times faster than any existing blockchain.  If Uber is eating Taxies, and Airbnb is eating Hotels, then Hashgraph might have the DNA to eat Checking Accounts. 

 

📹 Watch - my YouTube vlogs

 

📣 News

  • 1000x Group - I’ve launched an experimental private community, searching for the next Bitcoin / Ethereum (1000x returns or greater) in Internet Money - 1000x Group - put in your email and I'll send you details. (It's just an experiment, signups close this Friday, Dec 8) 

Internet Money - Newsletter #1

 

👋🏼 Hi, I’m Cedric. I work at Mandelbrot Capital, a blockchain hedge fund.

 

Newsletter #1 covers the 4 topics below.   

  • 🤔 Coin thoughts

  • 👓 Look ahead

  • 📚 Read

  • 📹 Watch

 

༼ つ ◕_◕ ༽つ give feedback. Tell me what you want in newsletter #2!

 

🤔 Coin thoughts

 

👓 Look ahead - early peek at protocol white papers pre-ICO

  • Protocols are getting more high quality brain juice.

  • Increasingly, white papers are coming from founders via places like Google & Y Combinator.  (These are not endorsements, just examples of vetted technical founders being thoughtful about protocols.)

  • Are you a technical founder (or know one) at the early stages of writing a white paper?

    • Our blockchain hedge fund wants to help.

    • Every week we have open group calls and office hours with founders to help refine their white paper & provide early funding.

    • Please reach out to me via a mutual friend.

 

📚 Read

  • Optimizing for network success (Vinny Lingham)

    • The protocols that wins network effects wins the market.

    • Vinny understands network effects.

    • Be like Vinny.

  • Analyzing Token Sale Models (Vitalik Buterin)

    • Internet Money land is still figuring out how to do ICOs.  Vitalik asks, "So what would a good token sale mechanism look like?”

    • Helpful for protocol makers and investors.

  • Benedict Evans newsletter

    • Benedict’s newsletter is the inspiration for this newsletter - he talks about big tech trends with small words.

    • His newsletter is very good.  You should subscribe.

 

📹 Watch - my YouTube vlogs