Investing and making friends are all about the long term, using your brain rather than time to make money
Eric Jorgensen Once you find the right career and the people who are going with you, you should devote yourself to it. Then, if you continue to improve for decades, you will reap huge rewards in terms of interpersonal relationships and financial benefits. Therefore, the compound interest effect is very important. In the United States, there are two widely circulated books about wealth: one is "Poor Charlie's Almanack", which contains Charlie Munger's classic speeches, and the other is "Navarre's Almanack", which comes from Silicon Valley venture capitalist Navarre. Nawal comes from a poor Indian immigrant family. With his own efforts, he not only founded several successful companies, but also invested in hundreds of excellent companies such as Uber and Twitter as an angel investor. He also has a special identity: KOL (key opinion leader). He has been sharing his thoughts on wealth, health, happiness and philosophy on the Internet for more than ten years, influencing countless readers and listeners around the world. His thoughts were compiled by Eric Jorgensen into "Nawal's Guide".
Layerzero airdrop standards partially revealed #LayerZero #空投交互 #ETH投资 At 10 am Beijing time today, an important vote will be held, which may determine your share of the Layerzero airdrop
🔹Stargate cross-bridgers 60% allocation (42% / 18%) 🔹Voters 20% allocation (stake more than 20 tokens) 🔹Liquidity providers 10% allocation 🔹Developers 10% allocation 🔹Aptos Bridge To be determined (90% users / 10% developers)
Stargate Foundation is the only product of Layerzero in the early days. It was not until August 2023 that aptosbridge was merged, so I think Stargate's proposal has a say
Stargate cross-bridgers The Stargate Foundation proposes that 60% of the total airdrop amount will be allocated to Stargate users Of which 42% is allocated to For users directly bridged by Stargate, 18% is reserved for cooperation protocols that aggregate/nest Stargate (such as LiFi, WOOFi, etc.)
============= Voter
veSTG holders participate in voting and STG holders who are entrusted receive 20% of the allocation
🦖If you stake less than 20, there will be no airdrops no matter how many times you vote! The Foundation counts users staking less than 20veSTG as 82.3% of the total wallets, and there is reason to believe that most of them are robots and witches
This distribution will be time-weighted and quantity-weighted, and will take into account (locked amount * lock duration), which will provide an accurate time-weighted score
In addition, users who stake STG tokens before the first anniversary of Stargate (March 17, 2023) will receive a 1.3x score multiplier
Liquidity providers
10% allocated to LP providers The Foundation believes that while liquidity provision is important, users have already received pool incentive rewards of 8-20% annual interest rate, so they can only get a 10% share
=============
🔹Aptos Bridge To be determined
AptosBridge is eligible for distribution, and the Foundation recommends the following distribution:
90% allocated to users bridged through AptosBridge, weighted by quantity from the beginning to May 1
10% allocated to users who have staked in Partner agreements built on AptosBridge, or driving sales through it This will be a separate nested RFP process for the Stargate core protocol Any wallet that qualifies for distribution that meets the above criteria will be filtered by the LayerZero Sybil standard
Big things are coming!#ZK𝕚𝕤 𝕥𝕙𝕖 𝔼𝕟𝕕𝕘𝕒𝕞𝕖. According to people familiar with the matter, after three years of hard work,#zksyncwill welcome TEG this week, with airdrops around June 13th. After this news was released, @0xsebastiena and @frogmonkee, who are very close to zksync officials, did not deny it, and#aevowas listed on#ZKpre-market futures, and the current price is around 0.7U (total amount 21b) According to#Dunedata, there were two signs of insider trading on the zkSync Era chain in mid-December 23 and late February 24. It is speculated that the snapshot time is likely to be 2/29 this year (the price of the magic lamp plummeted, and there is a suspected official snapshot code was dug out) or 3/13 (Cancun upgrade) After the news about#ZKTGE was released, the odds of#zksyncairdrops before June 29th rose from 41% to 81%, almost the same as #L0. The big one is coming this time#Airdropinteraction#zkSyncEra#LayerZero #以太坊ETF批准预期
6 compound interest thinking of the rich: use 1 year to catch up with peers 38 times. Einstein once said: "The greatest energy in the universe is compound interest, and compound interest is the eighth wonder of the world."
Compound interest thinking is a way of thinking that strives to make something grow exponentially. Its essence is: doing thing A will lead to result B; and result B will in turn strengthen A in a continuous cycle.
Using compound interest thinking to treat life, wealth and knowledge will gain long-term benefits.
A little progress every day: 1.01 to the power of 365 = 37.8 (increased to 38 times the original after one year)
No progress every day: 1 to the power of 365 = 1 (still the original 1 after one year)
A little regression every day: 0.99 to the power of 365 = 0.03 (almost 0 after one year) When you have 50 million US dollars, you are just a multi-millionaire, but as long as you double it, you will become a billionaire within a day.
This is the power of compound interest.
01. Compound interest thinking: Life is like a snowball
99% of Buffett's wealth in his life was earned after he turned 50. In other words, before he turned 50, he was also an ordinary middle-class person.
Since the age of 27, his annual compound interest on investment has been 20.5%. After the age of 50, he entered a period of wealth explosion, relying on the power of time and compound interest.
Buffett once said: "Life is like a snowball. The key is to find snow that is wet enough and a slope that is long enough."
The same is true for the accumulation of wealth. Many rich people are not born rich, and the first pot of gold they earn is not enough to get rich. The method is to make money through time.
02. 6 major compound interest thinking to achieve life acceleration
Compound interest thinking is more important than diligence in determining wealth.
① Thinking compound interest: Try to refute one of your own opinions every day, and get the ability to think in reverse after a year.
② Time compound interest: Where time is spent, there is the result. Do long-term things, find something worth investing in for a long time, stick to it, and it will be great if you do it for a long time.
For example: To run your own media, you need to put in a lot of energy and time in the early stages to create. Once a hit article comes out, it will quickly bring traffic to your own media, and at the same time enhance the exposure of other non-hit content, which is equivalent to a kind of time compound interest. , time is silent, but it answers all questions. #人生修行
#uni $ETH $BTC Which tokens will outperform if Ethereum ETF passes?
Today, the market gave the answer:
Ethereum pledge: LDO LST Longyi, an increase of about 40%
Ethereum domain name: ENS, one of V God’s favorites, an increase of about 40%
Ethereum exchange: UNI DEX Longyi, an increase of about 35%
Ethereum Layer2: Metis, a small expert in pulling the market, an increase of about 30%
Ethereum oracle: PYTH decentralized oracle, an increase of about 25%
Ethereum re-pledge: ETHFI Binance Launchpool, an increase of about 20%
Ethereum pledge: PENDLE LSTfi, an increase of about 18% Ethereum Layer2: ARB, a good ecosystem, not fond of pulling the market, an increase of about 17%
Ethereum Layer2: OP Stack is widely used, the pull is average, and the increase is about 17%
$BTC $ETH The reason for today’s sharp rise in the market is revealed: Unexpected news from the United States Bitcoin rises above $70,000 on news from the US. Some cryptocurrencies saw bigger gains, notably Ethereum. Why is Bitcoin rising? The decision to file for a U.S. Ethereum ETF (exchange-traded fund) was expected in a pivotal week for cryptocurrencies. The applications are expected to be rejected in a decision published on May 23. Starting tonight, things have completely changed. Bloomberg ETF analysts announced that they were revising their previously announced 25% chance of approval to 75% based on the latest developments. The news sent Ethereum up more than 10% in a matter of minutes. Bitcoin was also affected by the positive sentiment, rising above $70,000.
A big Yang line, thousands of troops and horses come to meet. #ETH #BTC !!
This round of bull market is more of a replica of the trend rhythm of the bull market in 2016/2017. The trend runs slower and longer, and it also tests people's confidence and patience in holding positions. Believe me, if you want to get rich slowly, then hold the spot firmly, don't do swing trading, and don't bother with short-term trading. Let time verify your correct decision. Regarding the current trend status, I think the bull market is in a similar oscillation stage to that in January-March 2017. The price has reached a record high, but it is weak and has fallen into a weekly adjustment near the record high. Then, it will move out of the fast-paced pull-up like the rapid departure from the previous round of historical highs in April-May 2017. This wave of weekly adjustments has ended. We will soon replicate the violent pull-up rhythm of that time. Don't worry, we will really see it soon. You just need to hold the spot patiently and lie flat. #BTC走势分析 #BTC🔥🔥🔥🔥🔥
The available methodology for getting rich, apart from reincarnation and survivor bias, is actually difficult to complete with the causal theory of a simple system.
Most of the time, it is necessary to face the screening of complex social systems and enter a certain ecological niche to complete it.
There are a lot of probability theory elements in it, which can be understood as opening blind boxes continuously, and the overall winning rate of the game of the entire system, after exceeding 100%, multiplied by the frequency of effective blind boxes, can achieve sustainable accumulation and wealth growth. ——This requires improving the overall winning rate, betting resources on key blind boxes, and having a certain indestructibility.
And the key is that the units, relationships, logic and collective tendency vectors in the social system will change or even subvert with the spread of knowledge, changes in collective subconsciousness, and periodic laws.
If the rigid representation paradigm cannot involve the first principles, the ability to predict the probability of the system, or have sufficient testing resources for iteration, it will lose the confidence of the strategic winning rate within the medium cycle (generally half of the large cycle, about 8-10 years) (the confidence loss of tactical winning rate is measured in years).
That is, train a high-win edge path that can emerge to replace the rational thinking of the central path, so as to obtain high acuity and confidence.
In this process, the only thing that university education can do is to provide engineering thinking, semantic rigor, and interdisciplinary symmetry and fit in cognition.
This is why it is recommended that you major in physics, mathematics or computer science for undergraduate studies, and consider economics or other applied social sciences for master's degree.
However, it is obviously unable to provide enough sample sets (and their efficient annotations), practical feedback on changes in the environment and elements, and training in real game social interaction.
Brain upgrade: 15 minutes a day, exercise your brain like a muscle
Many people spend time exercising their muscles every day, but few people consciously exercise their brains.
Brain exercise is not only good for improving the dimension of thinking, but also allows us to retrieve information faster and enhance our attention.
1. Multi-sensory reception of information
New or different content stimulates underutilized brain areas, making them more easily activated and helping to improve overall cognitive ability.
Unfamiliar sources of knowledge force the brain to engage in more activity, think better or focus more. You can rotate to use multiple senses to obtain information, stay more focused, and remember more information.
2. Keep learning
You can read an article about a topic of interest every day, and spend 5 to 10 minutes reading what you find.
No matter what field you are interested in, such as health, relationships, personal finance, career direction, art, philosophy, business and finance, or psychology, you can find a lot of high-quality information in books and on the Internet.
After you start reading, write down one or two sentences to summarize what you have learned. You can add to it every day and review it every week to consolidate the information in your mind.
3. Develop a hobby
If you like arts and crafts, painting, writing, journaling, deep reading or any other personal hobby, practicing this hobby for 10 minutes every day can improve your cognitive function. Because in this process, most of the brain's functions are used. 4. Metacognition
Metacognition is the cognition of cognition.
For example, when students are learning, on the one hand, they are carrying out various cognitive activities (perception, memory, thinking, etc.), and on the other hand, they have to actively monitor and regulate their various cognitive activities. This re-perception, re-memory, and re-thinking of their own cognitive activities such as perception, memory, and thinking is called metacognition.
Metacognition can be understood as "thinking about your thoughts" or "being aware of your consciousness."
Spend 5 minutes a day to reflect on your daily life. You can do this in the morning or before going to bed.
Ethereum’s ICO valuation is approximately $26 million.
Solana’s seed round valuation is approximately $20 million FDV.
Optimism’s seed round valuation is approximately $60 million FDV.
StarkNet’s seed round valuation is approximately $80 million FDV.
The seed round valuation of similar projects in 2024 now exceeds US$100 million FDV.
Market demand has created a higher FDV. The value of the entire market is much higher than before, and demand has also increased significantly. Of course, an excessively high FDV is not necessarily reasonable. This is due to the increase in valuation caused by early leverage.
Market demand has created a higher FDV. The value of the entire market is much higher than before, and demand has also increased significantly. Of course, an excessively high FDV is not necessarily reasonable. This is due to the increase in valuation caused by early leverage.
The current core problem is that it is not a problem of high FDV, but that the high FDV of many newly issued tokens is actually disconnected from the true value of these tokens. The high FDV of these tokens does not reflect their actual market demand or intrinsic value, but is simply an attempt to mix in other high FDV tokens to take advantage of the market’s general acceptance of high FDV to obtain a higher initial valuation.
The so-called low circulation rate (unlocking pressure) does not necessarily hinder the development of tokens. On the contrary, it is relatively stupid to accelerate the release of tokens and quickly achieve full circulation. The current core issues in the encryption market are:
1. In the current new token issuance market, the price discovery process mainly occurs in the private market rather than the public market. This means that the initial price and valuation of a token is determined among a small group of institutional investors (such as venture capital firms), while ordinary investors do not have the opportunity to participate in these early rounds.
2. Venture capital firms in the private equity market are often willing to invest in new projects at very high valuations, and these valuations may not be consistent with actual market demand and supply and demand.
3. Due to the privatization of price discovery and high valuations, it is difficult for ordinary investors to find reasonable investment opportunities after entering the market when new tokens are issued, because most of the potential gains have been captured by early private equity investors. #私募 #btc
According to Deezy founder Danny, Magic Eden, Bitcoin's largest NFT trading market, is using Coinbase to help it process small outputs. Every transaction in Magic Eden includes a small output as a market fee. These outputs are small, but they are troublesome to integrate. Instead of using their own address to receive utxos, Magic Eden used their Coinbase account, and all these market fees were deposited into Magic Eden's Coinbase account, so Coinbase will pay the cost of integrating these outputs. Mempool founder Mononaut said that in the past 24 blocks, Coinbase integrated 92,400 small outputs from Magic Eden at 7sats/vb, involving 308 transactions, and ultimately paid a fee of 0.59 BTC to recover 1.75 BTC. Danny believes that Coinbase did not know what was going on, so it was not very smart in integration and lost a lot of money. #MagicEden
Binance also issued a special report to explore the "culprit" of the bull market - VC coins. It is fairly written. First of all, according to the current market value, the entire market will unlock 155 billion US dollars by 2030. The extremely terrifying dumping is mainly due to the extremely high opening FDV and extremely low initial circulation. At least according to the Binance report, the reason is that VC has pushed the valuation to an outrageous price before TGE. This is a list of vcs The promoters of vcs pushed undeveloped projects to a relatively high valuation. There are many different vcs. In the future of the bull market, there are still many opportunities for flowers to bloom and innovations to wait for #VC #估值 #
#LayerZero#Airdrop Merkly is going to issue $ZRO to users. Let’s get to the point:
According to Merkly, 90% will be allocated to users and 10% to developers. The allocation method is similar to Arbitrum’s point system, which allocates 90% to the community.
Note: Since the total number of Merkly addresses is 1.8 million, to ensure that the RFP airdrop is impactful, users must meet the following two conditions to be eligible for the Merkly RFP airdrop:
- Get at least 5 points - Used Merkly in at least 2 different weeks (determined by timestamp)
Qualifying conditions
1. Refuel (total 20 points)
2 points: Refuel more than 4 times through LayerZero or zkLightClient
4 points: Refuel more than 9 times through LayerZero or zkLightClient
6 points: Refuel more than 14 times through LayerZero or zkLightClient
8 points: Refuel more than 19 times through LayerZero or zkLightClient
2. ONFT (total 10 points)
1 point: Bridge ONFT/zkONFT more than 4 times
2 points: Bridge ONFT/zkONFT more than 9 times
3 points: Bridge ONFT/zkONFT more than 14 times
4 points: bridge ONFT/zkONFT more than 19 times
3. Multi-chain (total 6 points)
1 point: cross-chain to or from more than 4 different chains 1 point: cross-chain to or from more than 9 different chains 1 point: cross-chain to or from more than 14 different chains 1 point: cross-chain to or from more than 19 different chains 1 point: cross-chain to or from more than 24 different chains 1 point: cross-chain to or from more than 29 different chains
4. Monthly activity (total 10.5 points)
0.5 points: use Merkly in 3 different months 1 point: use Merkly in 4 different months 1.5 points: use Merkly in 5 different months 2 points: use Merkly in 6 different months 2.5 points: use Merkly in 7 different months 3 points: use Merkly in 8 different months