From Tech Street to Main Street by Combating Entropy: Recent Episodes

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Executive Summary

• Easiest way to get started in crypto is using Coinbase and buy $100 of Bitcoin or Ethereum.
• Soon after purchasing your first crypto, purchase a hardware/”cold” wallet for security and peace of mind.
• Lastly, create a Metamask account to purchase things online with your crypto. You’ve now entered the matrix in less than an hour for $100.

https://combatingentropy.substack.com/p/get-started-in-crypto-for-100-and

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Executive Summary

With payments and privacy baked into “version 3.0” of the internet, opportunity will be ever abundant.

• Owning your data will provide passive income, and can be attractive to the future of existing ad networks (Google, etc.)
• When trust and speed increase in economic networks, prosperity and growth also increase (ie opportunity abundance)
• Access to Web 3.0 will help economic opportunity flourish across the globe

Inspirations

• Using the @Brave browser and their Basic Attention Token (the crypto that backs their network)
• Ethereum and DeFi

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Post here: https://combatingentropy.substack.com/the-fear-machine-and-technology-series&utm_source=podcast

Executive Summary

With many new technologies and inventions comes skepticism. As with any new experience, this skepticism, to some level, has helped to keep the human species alive. All of us rushing into a new world likely has more negative consequences than positive ones.

**When it comes to new technologies in the 2020’s, I think many fall to the same criticisms and moral fear mongering that new technologies in the 1920’s (and before) also faced. I’m going to breakdown why I think this fear mongering exists, why in some cases it makes sense, and what you can do about it going forward / how overcoming this fear will help you in the long run.

What are the main reasons society continues to be fearful of new technologies, and why these fears like to be over-sensationalized:**

• Moral panics are easy headlines to write, yet common sense should prevail.
• Technologies that involve mortality garner headlines, but regulatory frameworks help to slow adoption.
• Speed of change can be a deterrent to adoption, particularly when it could alter what is deemed as the acceptable norm and good for society.

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This will be the first of a long-running series where we document events where media is critiquing a new technology and why the critique is likely not a concern in the long run. We'll use the framework outlined in this post to guide our thinking going forward.

If this series interests you, I highly suggest following the Pessimists Archive on Twitter. This account was the inspiration for this post. They pull historical references of new technologies such as the automobile, airplane, morse code, radio, and more to draw parallels to how fear mongering of new technologies has ALWAYS existed.

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Read and subscribe to the post here: https://combatingentropy.substack.com/p/shopify-igniting-an-ecommerce-revolution&utm_source=podcast

Will we see a $100M revenue ecommerce company operated by a single person in the next seven years?

Executive Summary

1. Shopify's value prop to small and medium businesses is to start selling online for less than $100. Why is this important? Company strategy is dictated by the times and their first goal was to make it dead simple to sell something online.
2. I’d argue that Shopify is now competing against Amazon for current and future ecommerce market share. Why is this important? By making it simple and cheap to sell things online, and improvements in logistics, Shopify sellers aren't beholden to Amazon FBA (which has exorbitant fees).
3. In the next seven years, we’ll see our first $100M company that was launched and operated by a single person. Why is this important? Much like an influencer can amass a multi million person following with just a smartphone, next gen entrepreneurs will be able to orchestrate production and logistics with an app.

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Read this post and subscribe: https://combatingentropy.substack.com/p/3-ways-crypto-showed-us-the-future&utm_source=podcast

Executive Summary

Crypto continues to advance at a breathtaking speed. While many projects and ideas in this space will fail, there are plenty that are showing early promise by reinventing how we live, work, and transact. 

• DAOs (or Decentralized Autonomous Organizations) are a glimpse on how a group of people can run a project/company where the org chart is essentially flat and meritocracy reigns.
• Incentivizing community and proof of work to accomplish an ambitious vision. Projects are creating hardware devices that provide normal everyday consumers value, and on top of that, allow them to participate in the future and any success of the company/project.
• NFTs (or non-fungible tokens) have been scoffed at by many as a scam. But NFTs represent a digital, unalterable ledger of who owns an asset, and currently, many of those assets are digital only (ie pictures, jpegs). What few understand is that real world asset ownership and transfer of assets could also be disrupted by this same technology sooner than you think.

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