Why minimalists have 1000X more chances to succeed in Crypto ?

nathanmars (74)in LeoFinance • 4 years ago

Screenshot 2021-11-18 at 01.11.30.png

Today, I was planning to write about why Reddit Co-Founder Alexis Ohanian's venture capital fund, Seven Seven Six, and the Solana Foundation is investing $100 million in developing decentralized social media on Solana (SOL).

This year, I have participated in some clubhouse sessions that Alexis was a speaker and he always talks about empowering creators' economy and he mentions that community building was one of the main reasons why Reddit succeeded.

Always thought Alexis would be a great investor for our decentralized Hive, I'm watching his actions closely via Twitter and also started following Raj Gokal (the co-founder of Solana).

So I decided to talk about minimalism because I saw Raj Gokal ReTweet.

Screenshot 2021-11-18 at 01.29.42.png

Minimalists understand the true dedication and what it takes to build a good product.

Steve Jobs colleagues recall a visit to his house:

I remember going into Steve’s house and he had almost no furniture in it. He just had a picture of Einstein, whom he admired greatly, and he had a Tiffany lamp and a chair and a bed. He just didn’t believe in having lots of things around but he was incredibly careful in what he selected.

Just try to imagine Steve Jobs house to this man's house in the picture below.

source

Do not try to do everything. Do one thing well.

I know most people in crypto who trade, invest, mine, build, and also might have full-time or part-time fiat jobs. I guess its nothing wrong with this but surely does decrease one's ability to focus. That means they're less likely to be great at anything but will become average in many things.

When you have leverage, Judgement is the most important skill

Ultimately, everything else that you do is actually setting you up to apply your judgment. One of the big things that people rail on is CEO pay. For sure there’s crony capitalism that goes on where these CEOs control their boards and the boards give them too much money.

But, there are certain CEOs who definitely earned their keep because their judgment is better. If you’re steering a big ship, if you’re steering Google or Apple, and your judgment is 10 or 20 percent better than the next person’s, society will literally pay you hundreds of millions of dollars more, because you’re steering a $100 billion ship.

I know I haven't always made the best decisions in my life. But being a minimalist is allowing me to think clearly and increase my ability to make good judgments. I have made many mistakes and I failed many times. These will also allow me to make good judgments. Crypto is the new frontier and I only need to make a couple of key decisions right.

Success with crypto depends on many factors

Timing, luck, emotional intelligence, ability to learn new things (self-education), Long term thinking, and abundance mindset are just to name a few. I personally think being a minimalist will increase the odds to succeed with crypto.

Minimalism is not for everyone, I started practicing minimalism a few years before I got into crypto. Traveling and Crypto made me extreme minimalist.

Do not invest what is left after spending but spend what is left after investing.

Minimalist usually spends less and live frugally. Entrepreneurs are usually passionate about solving some problem. My Entrepreneurial attempts taught me how to live extremely frugally so that I can take extreme risks.

I will not advise anyone to take extreme risks, especially if you have a young family. I do think cultivating long-term thinking and connecting with like-minded people (your tribe) can make what is extreme risk for others a simple risk to you (and your tribe)

Posted Using LeoFinance ^Beta

4 years ago in LeoFinance by nathanmars (74)

$73.48

Sort:

Trending

[-]

beautifulwreck (63) 4 years ago

Hello @nathanmars! This was an amazing article to read. I agree, minimalism isn't fo everyone but it's something to try when pursuing a lifetime goal. I think that clear, uncluttered spaces can allow the brain to focus more and better. I personally would choose this lifestyle over any other. Also, when immersing in the crypto world, having a self-education and the right mindset can get you closer to accomplishing your purpose. I'm working on that myself. Thank you for opening this valuable discussion! I wish you all the success in the world in your entrepreneurial journey.