Connor Stefan @RealCostef Twitter profile

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Connor Stefan

26 days

Uncomfortable truth: $1 million is not a lot of money in 2024, let alone 20 years from now. You are never going to become wealthy putting a few hundred dollars a month into index funds. Study bitcoin.

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Connor Stefan

@RealCostef

6 months

@GuyTalksFinance First, it’s a commodity, not a product Second, it fixes a problem most people don’t KNOW that they have Which is that their money loses 7% of its value every year

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Connor Stefan

@RealCostef

6 months

@ts_hodl @CedYoungelman @saylor @PeterDiamandis Really incredible the humility in the response “Bitcoin will be here in 1000 years. My company won’t be”

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Connor Stefan

@RealCostef

7 months

@ZubyMusic Everyone is religious, whether they know it or not The west is simply replacing Christianity with secular religions (climate, technology, wokeness, sports etc)

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Connor Stefan

@RealCostef

6 months

@APompliano The highest concentration of talent in the world is in big tech Vast majority of tech companies have hybrid or fully remote work policies Filtering on anything other than the competency of the candidate is foolish There are plenty of high performers entirely remote

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Connor Stefan

@RealCostef

6 months

@rationalaussie The endgame of women moving into the workforce en mass over the last 5 decades The number of available jobs did not double, the pay for the same work was essentially cut in half to accommodate the surge in the workforce Just an observation

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Connor Stefan

@RealCostef

6 months

@GuyTalksFinance I commented on your other tweet specifically, but generally: You have to buy something rather than holding dollars right? • stocks • real estate / land • gold • fine art Or bitcoin…which simply combines the best elements of all of these, without any of the drawbacks

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Connor Stefan

@RealCostef

6 months

@AlexOttaBTC Definitely agree. 100k is a huge mental barrier, just like $1000 and $10,000 were It will be the most consequential price until $1M

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Connor Stefan

@RealCostef

2 years

100 followers today, my 10th day tweeting I try not to focus on follows. It’s hard, but I want to define success by inputs, not outputs. Regardless, thank you to everyone who’s enjoyed + engaged w/ my content It drives me to keep going. What drives you?

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Connor Stefan

@RealCostef

7 months

@iluminatibot Inflation is necessary and healthy for the economy (It’s not. It’s theft)

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Connor Stefan

@RealCostef

1 year

@itsDanny_V Honestly, the nameless one: The mother who is the primary caretaker but runs a consulting business or e-commerce store on the side My mom was that kind of entrepreneur

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Connor Stefan

@RealCostef

8 months

@randomrecruiter At the end of the day, any company mandating in office in an increasingly digital and decentralized world is depriving itself of a significant portion of the talent pool Just as workers refusing to go in to an office deprive themselves of opportunities at many great companies

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Connor Stefan

@RealCostef

6 months

@BritishHodl @Grayscale They’ve bled HALF of the Bitcoin held in the trust in 3 months Nearly 1.5% of the TOTAL supply of Bitcoin And to think we’re STILL up near all time highs Crazy

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Connor Stefan

@RealCostef

6 months

@surferjimw Perhaps no potheads is a feature, not a bug

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Connor Stefan

@RealCostef

7 months

@EricBalchunas It’s likely to be far lower than conventional wisdom would have one believe The conviction of maximalists is absolute I think there is a sizable percentage of current holders who would not even consider selling until $1m + per coin

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Connor Stefan

@RealCostef

6 months

@Geiger_Capital @BillAckman @balajis @DavidSacks and now griffin, and countless others are calling attention to this And yet, I really do not see any concern among the mainstream media or news articles or dialogue It’s barely even been a topic for the election cycle so far

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Connor Stefan

@RealCostef

7 months

@notlouisck Watching you publicly explore and embrace bitcoin slowly as a natural antidote to all of these problems has been great

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Connor Stefan

@RealCostef

5 months

@DecadeInvestor It’s boring because it’s effectively the risk free rate, and people intuitively understand this. Getting 8% per year on SPY when the currency is devalued 8% per year means your net is zero Nasdaq only positive real return in markets in last 5 years Study bitcoin.

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Connor Stefan

@RealCostef

7 months

@AlexOttaBTC Cannot overstate how important it is to understand this Net flows to ETFs will have a shock when GBTC selling is exhausted The runup the past few weeks is mild compared to what is to come when a supply crunch (coupled with the halving) really hits

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Connor Stefan

@RealCostef

6 months

@SullyBusiness The grass is always greener Also - the cost of school isn’t just the debt, but the opportunity cost of 2 more years of income + experience at his current job The notion that the only way you can enhance your credentials / learn is by getting a degree is completely wrong

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Connor Stefan

@RealCostef

6 months

@goldseek It takes the government 10 years to add an exit to the expressway But the same government created a completely decentralized global monetary system by combining the efforts of 40 years of research in cryptography, computer science, monetary theory etc AND successfully kept it

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Connor Stefan

@RealCostef

6 months

@GuyTalksFinance @NicheDown Because it is: 1. Nearly Infinitely divisible (100m sats / BTC) 2. Scarce (21m coins) 3. Secured by 600 exahash of compute 4. Transferable across time and space 5. Resistant to confiscation 6. Decentralized (no management to screw it up) It is the apex property

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Connor Stefan

@RealCostef

2 years

@nealkhosla Disagree. Consultants will be one of the first roles to be replaced Being able to articulately pump out intelligent sounding BS that has no substance is one of the core use cases of ChatGPT

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Connor Stefan

@RealCostef

1 year

@GuyNearshore Not the right question to ask. Cannot make effective operating decisions without data. “It feels like productivity is down” is meaningless. Figure out how to measure first, then assess. Gather employee feedback, involve them in process

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Connor Stefan

@RealCostef

6 months

@Cobratate Even penthouse apartments in Dubai trend down in price over time in bitcoin terms Like everything else The new paradigm

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Connor Stefan

@RealCostef

2 years

@profoundlyyyy My friend is an attorney, was skeptical about GPT. I asked him to give me a complex and confusing legal topic • Found a youtube vid explaining it • copied transcript into GPT • asked it to summarize and explain at high school level He was blown away by result

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Connor Stefan

@RealCostef

6 months

@MoheganBTC Quantum computing Coordinated bans from several world governments

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Connor Stefan

@RealCostef

5 months

@OfficialLoganK The reality on the ground is not a ton of utility yet, at least at the b2b level Getting real AI use cases deployed is more than just the models, there are lots of legal and regulatory hoops to jump through bc competitive edge is proprietary data Twitter is over saturated

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Connor Stefan

@RealCostef

2 years

@RaoulGMI This cannot be overstated. I work at one of the top tech companies in this space, and even “experts” cannot keep up When things are moving this quickly, there are no domain experts, only localized authorities

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Connor Stefan

@RealCostef

6 months

@Futur3_Th1nk3r Everyone has an opinion on this, so I’ll share: I’m not smart enough to take a position There is a LOT of complexity going on with what $MSTR is doing. I like saylor and I think he knows what he is doing. But it’s too hard for me to figure out So I stick to $BTC

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Connor Stefan

@RealCostef

2 years

@balajis Ppl reading this and replying “ #btc still won’t get too $1m lol” are missing point fed and banks are intentionally misleading the public through financial jargon and contradiction @balajis is shining a light and pulling back the curtain so average ppl have a chance to prepare

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Connor Stefan

@RealCostef

2 years

@skirano @amasad I’ve worked with hundreds of offshore employees based in india over the years Extremely confident that the quality and quantity of tech work coming from india will continue to improve Generally great to work with too

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Connor Stefan

@RealCostef

2 years

@hasantoxr There has never been a time in history like today. Anyone, from anywhere on the planet, can get access to courses from one of the top educational institutions on the planet, for free, from their kitchen table. The world is on offer for those who want to carve their own path

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Connor Stefan

@RealCostef

6 months

@RafiFarber Anyone calling tops in bitcoin just does not understand the asset at all The orange pill, Bitcoin rabbit hole is one way. People who go in simply do not come out And as more and more coins find their way to the hands of perma-holders, the nominal price will adjust accordingly

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Connor Stefan

@RealCostef

7 months

@StealthQE4 Not really. I think people are just front running the inevitable. Another avalanche of printed money and further debasement of the currency as well as interest rates coming back down

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Connor Stefan

@RealCostef

7 months

@MississippiHodl It just -feels- like it’s actually not a big deal Expectations around a march to $100k a coin seem inevitable to anyone who has been paying attention I don’t know

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Connor Stefan

@RealCostef

7 months

@Jamie1Coutts $220b in incremental flows in 3 years… Just yesterday they did $1b in flows In one day. Ill take the over

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Connor Stefan

@RealCostef

2 years

@ThePeterMick GM all. I work with Fortune 500 customers to help build + deploy data and AI solutions. My Twitter is a blend of thoughts and experience in software, entrepreneurship, finance, and AI And I have nothing to sell you.

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Connor Stefan

@RealCostef

6 months

@endless_frank Not for Bitcoin. Funs just getting started

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Connor Stefan

@RealCostef

2 years

Want to get more out of ChatGPT? Stop copying prompts from giveaways baiting likes. I'll teach you principles for HOW to prompt effectively instead:

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Connor Stefan

@RealCostef

2 years

@GrammarHippy Call up previous customers/network and find a data engineering contract gig for ~$120/hr Once you have the skills, making good money isn’t the issue It becomes escaping the loop of time for money

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Connor Stefan

@RealCostef

2 years

Sales question: clean shaven or beard? Why?

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Connor Stefan

@RealCostef

6 months

@maxkeiser Denying what? That the climate changes? That humans are responsible for some of that change? That humans are responsible for all of that change, and it’s significantly altering things? That we should give certain humans dictatorial power to combat that change?

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Connor Stefan

@RealCostef

1 year

@TripleNetInvest Unfortunately many real estate investors mistake leverage for genius It works until it doesn’t

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Connor Stefan

@RealCostef

2 years

@skirano @Replit I was thinking about if this could work, given it does a great job with table structures in text Great way to bridge the gap until image input is rolled out

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Connor Stefan

@RealCostef

2 years

Whoa 🤯 Open letter circulating with signatures by @elonmusk @BillGates CEO of open AI and more calling on ALL companies to stop development of large generative AI models in the interest of safety of mankind. This is insane:

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Connor Stefan

@RealCostef

2 years

@NickADobos This x1000 I regret that I only have but one comment, like, and retweet to give you for this “Learning” this tool REQUIRES hands on tinkering I’m logging as many hours as I can

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Connor Stefan

@RealCostef

2 years

In the past 3 years, I’ve spent thousands of hours on calls with customers. Demoing, selling, and supporting B2B software. I have driven millions of dollars in revenue and renewals. Here’s 8 lessons I’ve learned 👇

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Connor Stefan

@RealCostef

5 months

@BTC_for_Freedom Dubai is highly regarded. I haven’t personally been but especially for Europeans, not too far I’ve traveled extensively in Asia, and I would say somewhere like Thailand is overrated I did however, absolutely love Japan and Korea, and for a low cost of living Vietnam is charming

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Connor Stefan

@RealCostef

1 year

The single best piece of career advice I ever received: The boat you are in matters much more than how hard you row.

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Connor Stefan

@RealCostef

2 years

@LinusEkenstam @RichardMCNgo Idk how you can take any predictions years out seriously. We can’t even predict what’s going to happen next month in AI right now

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Connor Stefan

@RealCostef

5 months

@dotkrueger I have a stronger conviction that they will never have less than 215k

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Connor Stefan

@RealCostef

6 months

@1914ad Not insignificant, but if SHA-256 gets broken via quantum computing the problem will be systemic far beyond just bitcoin

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Connor Stefan

@RealCostef

7 months

@TheWhyOfFI BOOM Was going to type this out but you put it more eloquently than I ever could have It’s time to stop spoonfeeding copium to young people that they can get rich in 30 years investing a few hundred dollars a month Step 1: figure out how to create real value and grow your

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Connor Stefan

@RealCostef

7 months

@LTI_finance I like framing it as a wealth transfer: To a large extent, institutional capital has not yet allocated to BTC It is NOT too late - don’t get caught up on return thresholds. The important point is to get in before the big money does, and STAY IN $BTC is the apex store of

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Connor Stefan

@RealCostef

6 months

@rationalaussie Have noticed this as well Regular people are shouting from the rooftops and the town square that something is not right Hard to shake the feeling of something wicked this way comes

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Connor Stefan

@RealCostef

7 months

@Giovann35084111 If 20x in 10 years is not good enough, people need to seriously think about expectations A lifetime of returns in 1 decade

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Connor Stefan

@RealCostef

1 year

Weighing the cost of inaction against the cost of imperfect action. Today marks 20 days for me of consistently creating content In a year, 99.9% of my future audience will have never seen what I have written so far It’s encouraging to be able to put the reps in knowing that

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Connor Stefan

@RealCostef

1 year

Naval has been one of my biggest inspirations for building a personal brand. An incredible mind. Highly recommend his content

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Connor Stefan

@RealCostef

2 years

ChatGPT is a reasoning engine, not a knowledge engine. In this way, it’s dramatically different than any other computing tool humans have ever built This is why it’s so important to just try it out

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Connor Stefan

@RealCostef

1 year

My first atomic essay - inspired by conversations with newer creators around AI. Credit to GPT-4 as my editor

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Connor Stefan

@RealCostef

8 months

@RensingTrades Might want to look at how much commercial real estate is held in this fund Then take a drive downtown to any major metropolitan area, and decide if it makes sense to buy Don’t just look at yields

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Connor Stefan

@RealCostef

2 years

@girdley We emphasize this distinction at databricks all the time. It’s critical. The perception at each customer (vendor vs partner) to a large extent dictates the longevity, success, and $$ of the relationship

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Connor Stefan

@RealCostef

1 year

@TheJackForge Not going to comment on the product as this is a sponsored thread, but this comment was spot on: “We will know AI adoption has become widespread when most people don’t know they are working with AI tools to do their work” (We are nowhere near this, but good benchmark)

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Connor Stefan

@RealCostef

2 years

The public is UNDERESTIMATING the impact of ChatGPT: • modern fortunes are built on code • code is simply the way humans command machines to do what we want • code was a form of machine language, accessible to only a few humans But now, human language…is code.

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Connor Stefan

@RealCostef

1 year

@vilibic Change location. Go work at a coffee shop, cafe, library Tons of research shows physical environment directly influences mental state If it’s severe and recurring, can even move intentionally for a “reset”

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Connor Stefan

@RealCostef

2 years

Me: -reads white paper on vector search databases and applications for training LLMs- Also me: “Honey how long do I microwave stuff?” Shoutout to my wife for putting up with me

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Connor Stefan

@RealCostef

5 months

@NSmolenski Quant geeks have convinced everyone that standard deviation is volatility When in reality, volatility is a function of how frequently you mark the asset to market What is the volatility of #BTC : • daily • weekly • monthly • yearly • every four years The more you zoom

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Connor Stefan

@RealCostef

1 year

The hardest pill ive had to swallow on Twitter so far: The algorithm is working fine. I’m just not that good. Yet.

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Connor Stefan

@RealCostef

7 months

@HODL15Capital Feels like something in the water with grayscale this week We’ll see if similarly massive numbers today All things considered, it actually feels like this dip has been somewhat muted considering the ~$650m GBTC outflow in one day

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Connor Stefan

@RealCostef

2 years

In your 20s? Obsessed with finding a path to financial freedom? By 30, I secured mine. And i didn’t take any crazy risks. Here’s what I did, and what I learned:

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Connor Stefan

@RealCostef

2 years

@bentossell Haven’t tried custom tools, but simply: •copy paste transcript into gpt-4 • asking it to summarize with a detailed, precise prompt… • at a targeted level of understanding Has worked quite well for me

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Connor Stefan

@RealCostef

6 months

@franchisewolf I think a lot of these hyper growth franchises tend to ride a cultural adoption fad in the beginning, and find themselves in trouble when it moves to the next thing Allbirds, on cloud, jenis ice cream, crumbl…very similar

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Connor Stefan

@RealCostef

2 years

@BuySellSMB 1st prize: Cadillac Eldorado 2nd prize: set of steak knives 3rd prize is you’re fired

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Connor Stefan

@RealCostef

2 years

Creating content is hard. Esp in the beginning. Dan Koe said "Nothing happens. Then everything happens. It feels the same way with AI. Decades of research. Billions of $. Slow progress, and then...💥

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Connor Stefan

@RealCostef

7 months

@stackhodler Was a good run - but time to pack it up now! After crushing the previous ath by a whopping 5%, it’s all downhill from here!

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Connor Stefan

@RealCostef

1 year

@tszzl That’s not why. I talk to Fortune 500 customers every day (where the big $$ opportunities are for LLMs) They have to maintain control of their data. Period, end of story. For that to work, need large open sourced models Market will respond to demand

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Connor Stefan

@RealCostef

1 year

40 year mortgages coming to the US Millennial generation is in serious trouble

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Connor Stefan

@RealCostef

6 months

@SaiyanFinance Disagree. Highly dependent on the home Mediocre homes in mediocre school districts with middling demand are certainly not assets But a premium home in a prime neighborhood in a top school district is a scarce asset There is only one top school district, and a finite supply of

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Connor Stefan

@RealCostef

7 months

@theficouple Rent is cheaper in places that I (and presumably others) do not want to live

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Connor Stefan

@RealCostef

2 years

@sweatystartup @dickiebush What’s your reasoning? I get the hype is cringe - but have you spent 20 hours in the tool yet? If yes and still wanting to punt, fair enough. But imho, it doesn’t take much time tinkering before you have that moment of disbelief There’s a lot of fluff, but the tech is real

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Connor Stefan

@RealCostef

6 months

@cullenroche Right because stated inflation will be 10%, real inflation will be 30% And they’ll have monetized away the debt issue with debasement This has been, and will continue to be the plan Inflation is an abstract boogeyman politicians can blame on “corporate greed” Deny and Deflect

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Connor Stefan

@RealCostef

5 months

@LynAldenContact Also an interesting phenomena that I’ve observed: Even human designed systems, at increasing levels of scale and complexity, begins to resemble natural systems Like how currencies are Darwinian or the movement of large crowds converges to wave functions

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Connor Stefan

@RealCostef

6 months

@theficouple $200k in 2024 is middle class. • 401k $20,000 • HSA $5,000 • taxes $50,000 • mortgage / insurance / HOA and utilities $5000 / mo • two cars + insurance $700 / mo • student loans $300 / mo • groceries $800 / mo • dining out $400 / mo • kids expenses $1000 / mo • 1

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Connor Stefan

@RealCostef

6 months

@Scavacini777 I love that it attracts people who are willing to study something deeply Allocating to, and holding, BTC is literally proof of work

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Connor Stefan

@RealCostef

6 months

@OfficialLoganK YouTube enabled this years ago, and there has never been a requirement to be studying for a degree to read textbooks AI just allows for a bit more laziness and spoonfeeding You can learn rocket science from your iPad. The faster we internalize this as a society, the sooner the

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Connor Stefan

@RealCostef

2 years

@TripleNetInvest From personal experience, CFA focuses an incredible amount of resources on making their operators (franchise owners) successful This includes tons of access to high quality data and other information to inform decision making They also hire only exceptionally qualified owners

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Connor Stefan

@RealCostef

7 months

@BitPaine And that’s just pre-tax. More realistic scenario: •$175k after taxes •$4-5k a month towards rent / mortgage •food, travel, clothes etc another $2k a month •car payment, student loans another $1k Even someone on $250k a year income is only taking home ~0.5-1 BTC / yr

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Connor Stefan

@RealCostef

5 months

@FixTheFed Not trying to belittle but why 160? Is that not just an arbitrary number? Why should the us care if it’s 180? Or 200? It’s japans problem to deal with, and if we tell them they can’t sell UST, they can’t They are a captive customer of freedom, provided by the us military

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Connor Stefan

@RealCostef

7 months

@Matt_Hougan Wow. Number 4 is massive - and refreshing to hear that individuals recognize the personal financial implications to a global problem AND recognize Bitcoin as a potential solution That’s incredibly optimistic for BTC Also…odd bc I would consider that a partial answer to 3c

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Connor Stefan

@RealCostef

1 year

@vince_nocode @bubble @nocodebackend @n8n_io GPT-4/copilot + replit is going to eat the lunch of all the no code tools The problem with no code is you simply lack too much customization ability If people can write code with natural language via LLMs, the game changes

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Connor Stefan

@RealCostef

7 months

@balajis I think the problem is, when the whole world is dollar denominated, it’s incredibly difficult for the average person to comprehend this It involves completely inverting your perspective People “feel it” without understanding, especially those who own no assets and so don’t even

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Connor Stefan

@RealCostef

5 months

@W2Freedom This thread will seem crazy to some, but I essentially came to this same conclusion independently 3 months ago when the etf run started A 40-60% allocation to bitcoin feels terrifying when you first consider it But as many have said, it’s either zero or it is going to a million

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Connor Stefan

@RealCostef

2 years

@skirano I don’t have anything specific to say other than that I want to emphasize, beyond a like, how valuable I’ve found all of what you’re sharing on GPT4 Continue to be amazed by the tool every day in my own tinkering. Thx for counting to share

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Connor Stefan

@RealCostef

1 year

I genuinely think it’s easier to sell a $10,000 service than a $200 one The difference is qualified lead gen for lower cost services is much easier

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Connor Stefan

@RealCostef

7 months

@1914ad I definitely share the concern here, but I’m not entirely sure it’s an apples to apples comparison COIN has survived 12 years in a brutal, Darwinian crypto exchange marketplace You have to give them credit for doing something right

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Connor Stefan

@RealCostef

2 years

What motivated me to start twitter? Realizing that I can always change: • username • messaging • niche • brand • bio But I can’t change when I started.

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Connor Stefan

@RealCostef

7 months

@PursuingFreed0m @KobeissiLetter Housing is expensive! Let’s give everyone trying to buy one $5000 for free so they can bid up the prices even more Truly incredible

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Connor Stefan

@RealCostef

2 years

@thedankoe “AI will act as a tool to allow creators to push boundaries” I love this. Why? • positive perspective • AI amplifies, doesn’t replace • emphasizes possibilities, not problems

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Connor Stefan

@RealCostef

7 months

@Dennis_Porter_ I’m starting to wonder if the impact of the halving will really be felt, when measured against the avalanche of capital flows from ETFs

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Connor Stefan

@RealCostef

5 months

@real_vijay Yes

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