A Quote by Fred Ehrsam
Working on a token is similar to working on a startup: higher risk and lower initial impact but higher upside potential. How core protocol work is best funded beyond the initial Ethereum Foundation endowment is an open question, but likely further out.
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Working on Ethereum could be similar to working at a Google: lower risk with broad impact right away. Working on a token is similar to working on a startup: higher risk and lower initial impact but higher upside potential.
Ethereum may make monetary policy decisions like, 'Let's do 1% inflation to support the ongoing development of the Ethereum protocol.' A token built on Ethereum might want to do the same.
The higher Truth is all the time working in us but through the lower power - Aparashakti. It is when we become conscious of the play of this higher Power then only yoga begins.
It really isn't anybody's business how many people we have working for us. What's offensive is that I'm portrayed as this prima donna with these sycophants telling me how great I am all the time. Yes, they do work for me, but we're working together for a higher good.
What is difficult to understand is that without conscious effort, nothing is possible. Conscious effort is related to higher nature. My lower nature alone cannot lead me to consciousness. It is blind. But when I wake up and I feel that I belong to a higher world, this is only part of conscious effort. I become truly conscious only when I open to all my possibilities, higher and lower. There is value only in conscious effort.
I'm drawn as well to the lower echelons of things because it struck me a long time ago that it didn't really matter on what level people were working on anything; it was just as important to them as the people working on what's perceived as a higher level.
The risk of a business being hit by a low probability, high impact event is far higher than most boards realize because the number of potential wild cards is so great.
I still get excited by working with big names. You have that initial moment of, 'Oh my goodness, I'm going to work with Tom Cruise!'
But the higher our standard of living, the higher our levels of education, the further people will look around. And we can see which level of openness other societies enjoy. We are no different - we too want more freedom. The question is: How much freedom will be allowed?
With the initial focus groups and the initial look-sees, the Rams are a very popular team in Southern California. And so one of the reasons that it was attractive to us to work against them is because they have that good flavor.
Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.
On lower budget things you're still working collaboratively, but the investment and your level of creative importance is higher on something like this.
Well, it's pretty ironic to get an artist achievement award from the same foundation that disavowed one of my artistic achievements (that they had also earlier funded). It's a goddamn brainteaser. The Endowment had reinforced the worst bullying tactics of powerful lobbying groups and had created a less-secure environment for their own funded project to do its work in
The Lean Startup has evolved into a movement that is having a significant impact on how companies are built, funded and scaled.
So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
Every time you sustain a head injury, the risk gets higher and higher. I always said that if there ever was a point where the risk was more than minimal, I would stop playing.
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