Here are the four best things I read, listened to, or learned in the past week.
1) Entrepreneur Education
In one sentence: A preview of what remote/hybrid is going to look like in the next few years. If you think it doesn’t apply to you, you’re wrong.
My biggest takeaway: Leaders need to rebuild company systems specifically for a distributed workforce, we don’t work and collaborate the same way outside an office.
2) Lessons for Living
In one sentence: The US Army Corps of Engineers overbuilt the post-Katrina flood control systems and New Orleans escaped Ida because of their judgment call.
My biggest takeaway: Sometimes success is about individuals taking ownership in the face of bad governance. If the Army Corps of Engineers had followed the strict guidelines for 100-year storm protection New Orleans would have flooded again last week. They fudged the rules and built a system that would save lives.
3) Things I’m still learning about
In one sentence: Smart contract ecosystems are building and scaling quickly and present opportunities for new types of investment.
My biggest takeaway: The success of Ethereum and subsequent congestion of traffic on the network is opening the door for competitors. This is positive for cryptocurrency, blockchain, and distributed organizations but the debate around security and decentralization versus centralization and speed is a big one right now. Rapid change creates large opportunities and large risks.
4) Crypto Corner
In one sentence: Arbitrum and other Ethereum Layer 2 protocols will be rolling out and available to the market in the months to come.
My biggest takeaway: I think Layer 2 and roll ups solve some of the issues with Ethereum network congestion while preserving greater decentralization and security via the network. If these do solve congestion while preserving those elements we likely have a more robust system for building decentralized finance tools for the long term with other non-Ethereum networks also solving specific use case problems. Check out my keystone article on what is cryptocurrency?
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All opinions are my own. None of this is tax, investing, or legal advice – seek out good professionals for those things.