Might have to start paying attention again. Kinda tuned out of crypto in this last cycle. Got too complicated for me, but maybe time to out in the effort now.
Conversation
A lazy way to track biz-tech cycles
- Ben Evans as a radar to shortlist top trends
- Chris Dixon to grok main dynamics once they’re legible
- Track with Stratechery once it starts actually working
- Switch to Matt Levine when things inevitably go south
What, why, how, how-not
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Between stages 3 and 4, the philosophizing of the also-rans who made money but not history is useful triangulation on the peak mythologizing. There’s also an extended dead zone between the Stratechery and Levine stages when there’s a lot of techlash noise but no useful insight.
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The reason it’s a dead zone is you need some real visibility into the mechanics of late-stage grifts before a Levine style tear down is possible, but the signs are available to be wildly misread by axe-grinders of all kinds a few years earlier.
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