rish

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rish

@rish_neynar

i don't need caffeine

Katılım Aralık 2020
876 Takip Edilen5.1K Takipçiler
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rish
rish@rish_neynar·
why has nobody figured out how to explain in simple terms why you would tokenize a bond or a piece of real estate? I think I know why. stablecoins are a good example. USDT launched in 2014, before Ethereum mainnet was live. USDC launched in 2018 and still, it took years after that for stablecoins to become a mainstream conversation outside crypto. it did because enough people finally understood a simple idea: a programmable digital dollar that can move faster, costs less, and lets you build software on top of it is a better dollar. the same logic applies to bonds, stocks and real estate. if something is already trading in a liquid market, a tokenized version is just a better format for the same underlying asset. but as far as I know, the pitch that makes someone outside crypto understand why they should care doesn't exist yet from any company. I don't know if it's a few more years or a lot more. stablecoins needed years of usage, bull markets, influencers, regulation, and most importantly, time, before there was a simple explanation for people outside crypto to repeat it. I think tokenized assets are in the same waiting period.
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rish@rish_neynar·
latest acquisition
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rish@rish_neynar·
@sebaudet26 Sad to hear Seb! Thank you for building zapper!
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rish
rish@rish_neynar·
☯️
HOODIE JAKE@0FJAKE

Rish (@rish_neynar) and I discussed building through bear markets in crypto. His team took over @farcaster_xyz earlier this year, and he previously worked through a bear market at @coinbase and founded @neynarxyz during one, so I was curious to hear his thoughts on the matter. We talked about new products as "sparks" vs. "farms". I make the point that it can be hard to know whether a spark (new product/feature) is good if you are trying to light a fire in Antarctica (a bear market), so it might make sense to build in the background and ship publicly when the market is better and there are more users to be had. Rish counters with the idea that startup-building is more like farming where you can't know the weather so you just have to pick the best crops you can for the soil and keep farming consistently year in and year out. We both came to appreciate the other's analogy and came to the conclusion that, depending on the context, both of these frameworks can be useful, and perhaps they are like yin and yang in that at least a little bit of both is needed to build a successful startup. Here's the full clip:

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rish
rish@rish_neynar·
@nicky_sap yeah sci fi is my top category makes me more interested in science makes me more interested in science fiction ∞
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ns@nicky_sap·
I wasted so much time reading nonfiction. Convinced myself if it wasn’t nonfiction it was unproductive reading. Eventually realized I mostly like reading for entertainment and just went back to reading SciFi. Now I feel like I have so much catching up to do on books I wish I had read…
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rish
rish@rish_neynar·
right after college I read 50 to 60 books a year for three years straight, mostly nonfiction. somewhere in year two I realized a lot of them did not need to be books. the central idea would be intriguing but stretching it to 200+ pages so it could become a $30 book is a bit funny ngl. the nonfiction I still like has a person inside it. biographies work for this reason. so do essays from people (like PG) who have built stuff. what did you believe, what did it cost, what did you miss at the time. I would rather read 12 pages from someone who built something and had to live with the tradeoffs than 250 pages from someone stretching one idea into a table of contents. so my rule now is: if it is fiction, i’ll read the book. if it is nonfiction, I want the blog post the author should have written first.
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rish@rish_neynar·
Have always had great conversations with @0FJAKE We recorded this last one
HOODIE JAKE@0FJAKE

NEW EPISODE: #244- RISH MUKHERJI (@rish_neynar) Rish is co-founder of @neynarxyz and has been running @farcaster_xyz and @clanker_world since their acquisition earlier this year. We discuss his early love for computers and technology, his experiences from microsoft, facebook, and coinbase to taking the leap and starting his own company, the farcaster acquisition, and building in a bear market. Timestamps below. Links in first reply. Please enjoy. 00:00 Early Coding Roots 01:26 Tech Career Path 02:02 Discovering Crypto 03:58 Confidence Shift 07:01 Joining Coinbase 08:27 Long Term Lessons 10:52 Leap to Startup 13:38 From NFT App 14:33 Why Farcaster Works 20:01 Taking Over Farcaster 25:37 Acquisition Reality Check 27:24 Building Through Bears 35:17 Persevering In Bear Markets 36:28 Should You Launch Now 38:35 Spark Versus Antarctica 41:45 Farming Through Weather 46:00 Crypto Half Life Examples 47:33 Clanker Spark Story 52:35 Yin Yang Company Building 55:33 Personal Growth Meta Skills 01:03:03 Why Farcaster Matters 01:06:41 Gratitude And Wrap Up

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rish
rish@rish_neynar·
@benln Let’s go
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Ben Lang
Ben Lang@benln·
Rebooting my X group chat for people building projects on Sundays. One rule: you can only post on Sundays. Reply if you want in.
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rish
rish@rish_neynar·
here is a filter I use whenever someone pitches a new feature for Farcaster. will this just get used or will it make the network better for the next person? if you make a trade inside the app using the built in wallet, that's usage. it might make the app feel sticky, make you feel good about your numbers, even be a useful feature on its own. but by itself, it didn't do much for anyone else. the next person who opens the app sees the exact same empty timeline they would have seen anyway. now take the same trade and post about it. say why you made it, what you think happens next, something another user WOULD reply to. that one action leaves something behind for the next person to see. it is the difference between a feature working for the company and a feature working for the network. a lot of network products optimize for the first one. usage is easy to measure. network value is difficult to measure but it's the thing making the network better for everyone. you can pretty much tell which one a product chose without looking at any metrics at all. just open the app. if it feels alive, like someone left something behind for you before you showed up, the team built for the network. if it feels like a room full of people using their own phones next to each other, the product set out to be a network and ended up being a single player experience instead. for Farcaster, we are building the first kind of room.
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rish
rish@rish_neynar·
someone asked me what internet native markets should exist but don't yet. here's one I got more convinced of after talking to @0FJAKE: a market around a person's future potential. say you back someone before they have a company or a track record. you give them money, and if they do well, you do too. now say they take that money, spend six months figuring out their life, and come back to take a job at anthropic instead of starting a company. they did well. you have no way to participate in that. people think regulation is what's stopping this market from existing. it's not. regulation comes into the fold once you know what you're building. nobody (at least, publicly) has agreed on what this would even look like. I don't have an answer. if someone has figured out the structure for this, I want to hear it.
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kenny
kenny@kennyistyping·
@rish_neynar @0FJAKE this is already heavily covered with friendship/mentorship no? or loan sharking at high interest rates
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rish@rish_neynar·
humans are agents with years of system prompt edits
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rish retweetledi
clanker
clanker@clanker_world·
your token can talk now. you can now add a Clanker Droid (agent) to any token launch. your Droid joins @farcaster_xyz with its own account and grows its own following. casts and replies in a voice you write, and covers its own compute from the token's fees. and this is just the start. clank clank
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