5043
Cedric Chin

@cedric #5043

Writes http://commoncog.com. Books, protocols, and the art of business, from the perspective of an operator. Yes cats.
169 Follower 74 Following
People with power don't talk about power. People who don't have power do.

This week's Commoncog piece is the start of a mini-series on power, as a setup for the Asian conglomerates series very soon.

A couple of quick notes below ...
I know this is quite obvious, but it bears repeating: how you react to tragedy and challenge is very revealing of character.
Every time I write a book summary I find that I hate myself.

This week's Commoncog post is a free summary. It also took two weeks.
I pretty much live on L2s now.

Did NOT expect this to happen so fast.
Reminisces of a Stock Operator is remarkable, and should be read by any observer of the crypto markets.

The final chapters on how to do stock manipulation is 👨‍🍳😘

You cannot help but see manipulation everywhere afterwards!
Hmm, I had forgotten about this. Seems wise!
Went on a data podcast yesterday, and the host said something pretty sharp about the Amazon-style Weekly Business Review: “I can’t imagine most executives want to subject themselves to that kind of pressure.”

Something something not very founder mode. 🤔
From a group chat: “I don’t know why South East Asia is so often seen as a backwater. We have Nasi Lemak. From the perspective of Nasi Lemak, the entire West is a backwater.”
You know I was sceptical about Yvon Chouinard solving all his business problems by running Patagonia for the environment … and then I got to the point in his book where he said “we designed our company around a 5% annual growth rate” and then I shut up.
A friend once asked me "Are mentoring conversations with Dinesh supposed to so uncomfortable?"

I said "Yes, and that's normal."

Now you get a taste!
It’s remarkable how many VCs continue to believe Ethereum needs an objective North Star use case.

America Online has an objective North Star function. Many more competitors for the Internet in the 90s. They’re all dead.

What was the objective North Star use case for the internet?
ungovernable@punggol
I feel so happy when all I can focus on is crypto. When all the busywork associated with my company is done (or sufficiently done, since it’s endless), I switch browser windows and it feels like the early Internet again.
Constant reminder that just because I feel discomfort and don't have a good sensemaking framework for an uncertain scenario doesn't mean I can't make (good) decisions.

Hard to communicate to others; also hard to turn into habit.
Ok, John Gruber made me eat my words (I thought his iPhones 16 review was frigging boring).

This was excellent: https://daringfireball.net/2024/09/the_things_they_carried

I had totally forgotten how quirky the Steve Jobs Apple was. How reckless it was.

And like Gruber, I miss it.
I suppose it’s a sign of the current state of our mobile tech platforms that John Gruber’s entire iPhones 16 review can be summarised as ‘Apple Intelligence meh, only Apple can add a camera control button, here are 600 words on said button.’

https://daringfireball.net/2024/09/the_iphones_16
Nagayama and Garrigos is probably the biggest judo controversy in … what? The last decade? My god.
Well, this was pretty useful.
Hahahahaha … shit imma never learning French.
Using social media is only worth it if you have an ability to profit from such usage.

Otherwise I’m fairly certain the costs outweigh the benefits.
Judo training log: learnt a whole range of Georgian techniques on the second to last day of my 10 day ‘write 5 hours a day, train 5 hours a day’ retreat.

Then I got murdered with Georgian style randori.
Coach sent me this, which I thought was pretty good.

You’re supposed to be exhausted by the time you do standup sparring (randori, in Judo terminology). Which means you won’t do as well.

But that’s ok.

(The guy in the video is Jimmy Pedro, who is legendary in Judo).
Minor things about Judo that you don't think about it until you do a serious training stint:

- Soreness is the norm. Something is always going to hurt.
- Travelling with four gis is annoying. Laundry is endless.
- You need to travel with syringes and magnets.
Judo training log: this is day 4 of a 10 day writing and training retreat in Kuala Lumpur. (As in I spend 5 hours writing in the day, and 5 hours training in the evenings).

So far I’ve worked on a new approach to newaza attacks and a series of modules on how to fight left handers.
Corporations were once extremely made up things.

The beauty of crypto is that DAOs are still only slightly past the point where they were extremely made up.