Societies and The Token Economy with Naval Ravikant

in cryptocurrency •  last year

A bit of a whale circlejerk, but I really enjoyed this recent talk by angel investor Naval Ravikant. Great overall view of the playing field and highly recommended. It's true that just about everything in the human experience is made up of stories and are part of networks. Money is a story, a network. The same goes for religion, nation states, and the digital platforms that we use. So for better or worse, cryptocurrencies (or networks and stories with strong capital incentives) will definitely bring huge changes in societies around the world. It's also a fundamentally new way of organising humanity, away from old-world constructs that are based on violence.

One book he brought up during the talk is The Sovereign Individual: Mastering the Transition to the Information Age, which is something that I'd recommend too. Also, Naval mentioned that he wants to see a decentralised social media platform. Hello? Steemit is up and running for more than a year already.

The host of the talk is Ryan Shea, co-founder of Blockstack, which is something pretty similar to the BlockSurf: Your Gateway Into The New World Economy idea. Difficult to pull off, since it would take a lot to bootstrap a hub or discovery app without leveraging off a frequently used blockchain-related platform like Steemit.

Dug a little deeper into some of Naval Ravikant's older videos and I have to say, I'm now quite convinced that I should embrace my new path of being an investor rather than mixing it up with being an entrepreneur. Been in both positions since last year, and it has definitely generated some conflicts within myself. Investors and entrepreneurs really do require vastly different modes of operation. I shall write about this soon. To conclude this post, here's one of my favourite tweets from the man himself about the heuristics of investing:-


Thanks for reading and be sure to check the videos out!


You can follow Naval Ravikant's twitter at https://twitter.com/naval

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Great post! I am new to steemit and always enjoy gaining more valuable insight into the crypto world! Thanks for sharing!

·

And welcome to Steemit! I see you haven't made your first post. Here's an ice-breaker: what are your tokens of choice? :)

·
·

Hi @kevinwong. I am planning on doing an #introduceyourself post soon! My tokens of choice are ripple, factom, and monero, wbu? And of course, steemit to the moon!

·
·
·

Steem, TaaS, BCAP, and CFI :D Funny I've got none of your top picks at the moment. Should probably get into FCT again..

·
·
·
·

I have been following CFI and Lisk closely as well. Great connecting with you, I am looking forward to reading more of your content and furthering my understanding of the crypto world!

·
·
·
·
·

Pretty excited and looking forward to see how CFI would scale and decentralise the operations on a standalone platform down the road!

·

Dylan I am following you please follow back please

Very cool interview and I really likes the way he talks, he is very pedagogical! I likes how he points out that block chain is revolutionary because it solves the problem of governance, it is not necessarily the one with the biggest stick in charge, the power is out back in the hands of the people. Definitely worth watching - Thanks for sharing !

·

It is revolutionary :) . Here's a document released for the WEF a couple of months ago - http://www3.weforum.org/docs/WEF_Realizing_Potential_Blockchain.pdf

·
·

Thanks man! I will definitely check it out!

@kevinwong excellent point about the difference in being a good investor vs entreprenuer. It really has me thinking about what goals and aspirations I have in both areas.

Also, "whale circle jerk" was a super funny phrase.

As a new member in on SteemIt, I truly enjoyed this post. I love the analogy regarding religion and money being a story of their own. It seems as if we've just started the story of the mysterious, up and coming cryptocurrency!

·

Hmm did you and @dylanjacobson (comment above) come from the same group? Just taking notice of the similar profile pics :). What are your favourite coins? Thanks for dropping by!

·
·

My good buddy @dylanjacobson has actually introduced me to the steem world! The similar pictures come from composite pictures from the fraternity we're in. I've taken a look into Lisk, Stratus, NEM, and EOS but always looking to expand my Blockfolio and learn more and more as the days pass.

·
·
·

Great, get more buddies in! Invested in other stuff before this? I've a feeling that cryptos are turning everybody into investors, small and large. Good coins there, and pretty sure they'll all do well and hopefully be able to sustain their network value.

this is cool. will chase after the book too The Sovereign Individual: Mastering the Transition to the Information Age

Naval's a genius. I've followed him on Twitter for a few months now, and I've got to say he is very good at retaining his objectivity (which is a massive symptom of competence and wisdom).

It's nice to see people who can appreciate all the changes happening in the world.

Be an Entrepreneur to make cash flow... then be an investor to become wealthy :)

·

Be both and ruin all the free time lol

A very good post. I like the video you post because it is very useful for me. Being an investor and an entrepreneur is very difficult only great people who can run these two things. Thank you for sharing knowledge

Fantastic post with a lot of information, and why we need to stay up to date. The world is going to be changing faster and faster for sure, and we need smart people to keep us informed. The big question, is who do you follow the most?

·

If it's about beating the market.. then follow the money ;) lol

·
·

follow the people who move the money,then learn to think faster than they do.

Great video @kevinwong I first got to know about Raval when I came across his 36 tweets that nailed how blockchain could change humanity. Went through the whole video and I like the clarity of thought that he has. Its funny, as he rightly points out, how greed will drive the adoption of blockchain which will decentralise and democratize(with meritocracy) most of the things that we know today. I had heard somewhere that "Greed is Good", I think in this case it really is.

Thanks for the share.

I'm new to the cryptoworld and steemit and I always take a look at the days posts on cryptocurrency and bitcoin. Very informative posting!

Reading posts like these reassure me that I am not the only one who thinks cryptocurrencies are more than just a "number"! Thanks for the insight :)

·

Well numbers are in the backbone of everything happening in modern life anyway ;)

We are moving more to a token economy. Always great to learn new things via your post-thanks @kevinwong , upped.
In addition to my , feel free to join the conversation in my new post about future of steem...it will motivate you more about steem . More success to you.

·

Hey thanks for dropping by. By the way, I see you're into Design Thinking. I've gone to the course before from a Stanford arm, but its been years and I've lost all my notes. Do you have any good ones online?

·
·

Contact me on steem chat for info about design thinking. You are welcome , lets stay in touch.

very interting and good articale i like thank you for sharing.

·

Thanks for dropping by @alidervash :)

Nice post very interesting..thank you for share .. i like your post..have a nice day @kevinwong

circle jerk for sure, but good info none the less!

Very interisting bro @kevinwong.
Thanks for sharing.

Resteem and upvote

·

Btw, I have new post about Steem Dollar As a Future Investment.
Please your visit my blog, maybe you like my new post.
I hope your have time for check and comment at my blog.

Many Thanks @kevinwong

I am afraid we are a little late to the party to invest in bitcoin or are we ?

·

I don't think we're late, though I expect Bitcoin to plummet in a few weeks. I don't have any sources to back up my statement, it is just my opinion :)

·

No idea. I rarely keep or trade any bitcoin ;)

Really a good information,and very helpful for me and other users. thank you @kevinwong

If anyone is new an looking for followers please follow me I will follow back instantly. Thank you in advance .

Awesome

I am a beginner in steemit. I dont know much yet. but i trust i'll grows and big someday like @kevinwong

Upvote & Follow

Thanks for the Sharing post

You can Follow me for the latest Technology Related News and Articles.. Thank You...

great post

thanks for sharing this news @kevinwong

The information is first friend, excellent post

Are we just a simulation?

Great to know more about from the great man himself thanks for sharing more about it here on your post thanks a ton :)

Postigan you @kevinwong are very helpful for us beginners, I still don't quite understand about steemit, hopefully you can help.

Regards

@safwaninisam

great post

He sounds like an Eth fanboy. I watched it some days ago when you linked me it. It is a bit cyrclejerkish.

@kevinwong, Thanks for sharing. I look forward to learning from you about the conflicts within yourself being an investor and an entrepreneur.

so interesting, you are great

Nice post @kevinwong

Very nice

That's some good information here. I think you're right @kevinwong, investing is a smart move.

A very simple meeting, where there are no billions of watches, millions of rings, or hundreds of millions of clothing, but they are talking about billions of us dollars

It a nice post bro . i am new in steemit and its my first comment and i think u are giving good knowledge for us.

Nice Interview!..I really enjoye this interview!...As a new member on steemit!I saw first time this type of post !.Thanks for sharing