Damus

Recent Notes

Billy Jun Jo profile picture
There are fiat friendship and Bitcoin friendship.

Thanks for hosting a great hackathon @PresidioBitcoin 🙏

Hoping for more long-term Bitcoin friendship to come all over the world ☺️
Billy Jun Jo profile picture
Life is all about answering 'why you?' questions. Whether it's a job interview, a pitch for a startup, or even a first date, you're often in a position to answer the 'why you?' question.
Billy Jun Jo profile picture
True wealth:

1. Mission that motivates you
2. Good quality of sleep
3. Unlimited time spent at the gym
4. Good relationships with family & friends

In general, follow good energy.
Billy Jun Jo profile picture
How to decide:

1. If it's not hell yes, it's no. - Derek Sivers
2. If you can't decide, the answer is no. - Naval Ravikant
3. What is one big decision that will remove 100 decisions? - Tim Ferriss
4. Why 10 years? Why not in 6 months? - Peter Thiel
Billy Jun Jo profile picture
Interesting pattern: All my smart friends have joined an early-stage startup or started their own in the last year or two.

This pattern seems universal, regardless of where they are and what they’re good at.

Of course, most of my network is in the SF Bay Area, but this includes a couple of my childhood friends too.

They all have a few things in common:

1. They’re in their late 20s with no children.
2. They went to the best universities and have a STEM degree.
3. They’ve been early trend finders since the age of 12-13, like getting into Apple well before the iPhone 3.

Am I biased? Maybe. But the future seems brighter than ever. They motivate me so much. This is the beginning of infinity
Billy Jun Jo profile picture
Next crypto bubble scenario: Bitcoin ETF-driven premiums will cause people to get FOMO and eventually go broke.

The launch of a Bitcoin ETF will drive up the price of altcoins and BTC ETFs, even if the actual price of Bitcoin doesn't increase significantly.

Think about the huge GBTC premium in 2020-21. Now it's a -30% discount.

Don't get too excited about BTC ETFs, just buy BTC.

If government regulations force you to buy an ETF, research Saylor's MSTR - it has the potential to outperform all Bitcoin spot ETFs in the future.