adam ludwin @adamludwin Twitter profile

Last Seen Profiles

@ShilohAthletics

@cagroo7

@nNDZ2kuDA5Ev1M2

@mpilokhumalo_

@KorayKarahan18

@galery_basah10

@russnoopy

@lyalmmr64779043

@xiongzhuyuyu

@GEIRAS_SEIMC

@KikonyogoPatrik

@juridicowayv

@LvValorant

@annagueye_

@crawleycyrxs

@kuromaos

@zhibodefuli

@Williams_APS

@codmcomics

@TLyO1dthPibIZXe

@bakingtubatu

@AlterEgo81

@ayflouu

@hobbesfn

@udin12344566

@AlmohmadeM85684

@jungwoniversal

@NootMemecoin

@cukienaknikmati

@Massimo60386626

@linear_atom

@BitcoinologyOnX

@yuchannie_____

@_RebeccaMarques

@sex5144

@excell305

adam ludwin

@adamludwin

7 years

Important difference: 1997: - most have heard of the internet - many invest in internet stocks - everyone’s *using* the internet 2017: - most have heard of bitcoin - many invest in bitcoin - almost no one *using* bitcoin

177

646

2K

adam ludwin

@adamludwin

4 years

Sitting in 45 min of traffic to go to an office for 8 hours is insane Working from home with your kids screaming in the next room is also insane Post-covid solution is probably edge co-working: an office 5-10 min away where you can work quietly but "remotely" with your team

114

154

2K

adam ludwin

@adamludwin

7 years

I wrote a letter to Jamie Dimon (and anyone else still struggling to understand cryptocurrencies)

84

567

1K

adam ludwin

@adamludwin

7 years

is now more popular than

20

801

1K

adam ludwin

@adamludwin

7 years

1/THREAD: A few thoughts on “fundamentals analysis” of cryptocurrencies

33

437

1K

adam ludwin

@adamludwin

7 years

Excellent start-up advice (really: truths) from YC

19

396

931

adam ludwin

@adamludwin

6 years

Things created during the prior crypto bear market (2014-2016): - Ethereum - Stellar - Lightning - Zcash - Chain ... just to name a few! Bear markets are not only healthy, but necessary, for this grand experiment to have the oxygen it needs to invent and build.

24

210

888

adam ludwin

@adamludwin

3 years

Figma won because it was a web app. Zoom won because it *wasn't* one. Startup strategy simply isn't generalizable except at the most abstract levels (i.e., "make something people want")

18

80

782

adam ludwin

@adamludwin

7 years

Cryptocurrency isn't like the internet in 1993 It's Homebrew Computer Club in 1975 Bigger impact, but will take longer, than most think

29

205

733

adam ludwin

@adamludwin

7 years

I'm starting to think people are into Bitcoin just to make money

52

115

693

adam ludwin

@adamludwin

5 months

Approx half of the top 20 apps in Education category are now AI cameras that do your homework for you

24

68

669

adam ludwin

@adamludwin

7 years

If you only cared about crypto/blockchain when prices were high and ICOs were hot, you probably don't really care about crypto/blockchain

16

180

571

adam ludwin

@adamludwin

7 years

BTC goal: ecommerce Actual use: store of value ETH goal: world computer Actual use: tokens Actual uses both forms of regulatory arbitrage.

20

192

587

adam ludwin

@adamludwin

6 years

1) I’m thrilled to share that Chain is joining forces with Stellar! Official announcement: This thread explains why we did it.

Announcing Interstellar

Lightyear has acquired Chain and is now called Interstellar

medium.com

25

114

486

adam ludwin

@adamludwin

7 years

1/Satoshi said Bitcoin was for “commerce on the internet” (the first four words of the Bitcoin whitepaper). Turns out she was right. But not in the way most people think – and probably not even in the way she imagined.

51

164

500

adam ludwin

@adamludwin

6 months

Barely reviewable

39

46

490

adam ludwin

@adamludwin

6 years

There isn't a "technology sector" anymore. There is just the future and the past.

Michael Batnick

@michaelbatnick

6 years

The market cap of the top 5 S&P 500 companies: $4,095,058,706,432 The market cap of the bottom 282 S&P 500 companies: $4,092,769,755,136

303

5K

9K

8

187

480

adam ludwin

@adamludwin

8 years

The term "start up" overemphasizes starting. The real work is in persistence, solving harder and harder problems over time & never giving up

8

230

474

adam ludwin

@adamludwin

7 years

Amazon market cap up $14B. Whole Foods was free.

7

169

395

adam ludwin

@adamludwin

7 years

Find a VC who will break their twitter silence for your startup

6

46

427

adam ludwin

@adamludwin

7 years

Bitcoin is a store of value over very long time spans (years), as well as very short ones (minutes). In between your mileage may vary.

20

90

403

adam ludwin

@adamludwin

7 years

ICOs have become a kind of GoFundMe for bad crypto startup ideas Huge adverse selection. Will damage the model for ones that do make sense

32

104

409

adam ludwin

@adamludwin

7 years

Imagine a hellscape where Gogo in-flight WiFi is your ISP everywhere. Now email ajit.pai @fcc .gov and push back on net neutrality repeal.

10

198

393

adam ludwin

@adamludwin

6 years

Now that Apple is a $1T company it'd be great if they could update iOS so that when I adjust the volume while watching a video the volume up/down window doesn't block the screen

13

38

381

adam ludwin

@adamludwin

4 years

Feels like this future is now inevitable. What am I missing?

34

47

323

adam ludwin

@adamludwin

6 years

I've found that generating ideas is not really an active process. But removing ideas is. A lot of "deep thinking" is simply about eliminating the noise to reveal the ideas already there.

8

56

308

adam ludwin

@adamludwin

7 years

The two halves of every blockchain conference this year

2

69

297

adam ludwin

@adamludwin

7 years

1/Cryptocurrencies don’t *have* governance mechanisms, they *are* governance mechanisms

8

102

295

adam ludwin

@adamludwin

7 years

An ICO lets you exit before you start

8

85

297

adam ludwin

@adamludwin

10 years

Bitcoin is an interdisciplinary field: tech finance econ forex crypto security pymnts data sci P2P law regulatory politics startups history

24

216

278

adam ludwin

@adamludwin

7 years

Trump forcing everyone to learn how the government actually works Bitcoin forcing everyone to learn how the economy actually works

5

76

280

adam ludwin

@adamludwin

6 years

Ok here 🙂: - be on time - follow through on offers to help - never be the bottleneck - build your reputation as it impacts your companies - put portfolio before new investments - tailor your approach to fit founder’s needs - trust your founders and push back only when it matters

9

28

277

adam ludwin

@adamludwin

7 years

When the value of someone's favorite coin is skyrocketing: "the market is behaving rationally and finally sees the potential!" When the value of a coin they don't like is skyrocketing: "the market is full of momentum traders and dumb money chasing returns" 🤔

12

44

268

adam ludwin

@adamludwin

7 years

Just because you issue a token on a blockchain 👏 does 👏 not 👏 make 👏 it 👏 a 👏 cryptocurrency

9

63

272

adam ludwin

@adamludwin

7 years

If raising a lot of money correlated with building something people wanted, ICOs would be amazing. Unfortunately there's no correlation.

12

62

255

adam ludwin

@adamludwin

7 years

. @roasbeef is one of the most talented and genuine people in the cryptocurrency ecosystem. So excited for him and @starkness to take lightning network forward

10

33

237

adam ludwin

@adamludwin

6 years

Alexandria Ocasio-Cortez won't be old enough to run for president in 2020. She will *barely* qualify in 2024 (by 1 month!) Does a minimum age of 35 still make sense to anyone? I'd rather see a maximum age of 65 so the president is focused on the future.

23

251

adam ludwin

@adamludwin

4 years

Reminded of this today

adam ludwin

@adamludwin

12 years

Just met the CEO of four seasons and asked her what she thought of airbnb. She hadn't heard of it.

12

65

75

7

3

242

adam ludwin

@adamludwin

8 years

While Bitcoin not mainstream, also not dead: 1) Tx volume at all-time high (see pic) 2) Price rising for last 18 mos 3) Ton of R&D going on

10

165

229

adam ludwin

@adamludwin

4 years

If you want to win a debate, you should be able to make your opponent’s argument better than even they could — and then dismantle it. If you are afraid of learning what your opponent’s argument even is, then you have zero hope of changing minds.

8

34

235

adam ludwin

@adamludwin

6 years

Coinbase will IPO on a blockchain

Coinbase 🛡️

@coinbase

6 years

Today we’re excited to announce that we’re on track to become a US-regulated blockchain securities trading venue. We believe this is an important moment not only for Coinbase, but the entire crypto ecosystem.

412

3K

8K

7

26

221

adam ludwin

@adamludwin

4 years

Every Stripe round has seemed wildly expensive all the way back to their Series A. Every round has been incredibly cheap in retrospect!

2

5

212

adam ludwin

@adamludwin

7 years

An argument for buying bitcoin

9

45

198

adam ludwin

@adamludwin

7 years

What it feels like when Coinbase is down

6

51

195

adam ludwin

@adamludwin

5 years

Surprise: *audio* was the most important consumer tech trend in 2019: - Audio memes become a thing (Tik Tok) - AirPods, podcasts, and audiobooks all go to another level - VR’s killer app turns out to be a music/rhythm game (Beat Saber)

4

20

205

adam ludwin

@adamludwin

3 years

Why you should work @Context : 1. Work on a product people love (we're just 4 days old but it's clear we're onto something here) 2. As employee 2 or 3, there's no limit to the impact you could have 3. Work w/ @worm_emoji (if you know, you know) 4. Web3 is incredibly fun DM me

18

45

178

adam ludwin

@adamludwin

4 years

3 years ago, Apple and ExxonMobil had the same market cap. Today, Apple's market cap is 14x that of Exxon.

4

31

175

adam ludwin

@adamludwin

6 years

Venmo was a stablecoin before it was cool

2

20

175

adam ludwin

@adamludwin

7 years

10/Yet this is exactly what any student of technology SHOULD have expected (hindsight is 20/20!). New mediums rarely succeed by transforming the old. They give rise to the new.

4

21

173

adam ludwin

@adamludwin

7 years

6/The answer is that, so far, the primary “commerce” use case emerging for Bitcoin is to buy *other digital assets* (re-read prior tweet to see why this is kind of mind blowing).

8

39

165

adam ludwin

@adamludwin

6 years

It's remarkable that Bitcoin has never been through a recession in the broader economy. Lots of predictions, but no one really knows how it will perform or whether it will be correlated to other asset classes.

12

15

161

adam ludwin

@adamludwin

7 years

11/Thus, the “fundamental” value of a dapp = how much a given user group NEEDS censorship resistance in a given market

5

45

157

adam ludwin

@adamludwin

9 years

Startups sometimes http://t.co/AHrzqgRI3p

7

103

160

adam ludwin

@adamludwin

3 years

A reminder that regardless of short-term price movements, crypto wins in the long run because it enables 1000x faster innovation cycle time than is possible on legacy financial infrastructure. Here's how 🧵

11

21

158

adam ludwin

@adamludwin

7 years

9/But on one critical dimension – censorship resistance – dapps are not only better, they are arguably the ONLY solution

13

40

155

adam ludwin

@adamludwin

7 years

Had the privilege of being in a session with Jack Ma at Davos today. I usually don't gush, but he’s the most inspiring, impressive, and arguably most important business leader in the world right now. Here's the recording of the session:

Jack Ma: Love is Important In Business | Davos 2018

Meet the Leader sessions are informal discussions for participants to hear about the personal experiences of leading world figures. On this occasion, Global ...

www.youtube.com

5

24

153

adam ludwin

@adamludwin

6 years

This might be the best tech company ad I’ve ever seen. No, it definitely is.

Square

@Square

6 years

It's here: our brand new built-from-scratch platform that streamlines your whole restaurant operation. Introducing Square for Restaurants. 🍽

31

245

1K

3

14

149

adam ludwin

@adamludwin

7 years

8/In fact, on almost every dimension – speed, cost, UX, features, governance – dapps are WORSE than their centralized counterparts

8

29

126

adam ludwin

@adamludwin

4 years

the value concentration curve for NFTs is going to look something like this

11

19

131

adam ludwin

@adamludwin

5 years

Playing Battleship as a kid prepared me well for scheduling meetings over email.

4

15

127

adam ludwin

@adamludwin

7 years

Wish new blockchain projects had problem statements that started with people instead of with shortcomings of other blockchain projects.

4

44

123

adam ludwin

@adamludwin

10 years

Direction is far more important than speed

8

102

124

adam ludwin

@adamludwin

4 years

What's the word for when a coworker tweets out something you said in Slack without attribution

36

3

121

adam ludwin

@adamludwin

6 years

A prerequisite to product-market fit is founder-market fit. The best early-stage VC's and angels are great at identifying founder-market fit, which later on looks like "prescience" to everyone else.

4

20

122

adam ludwin

@adamludwin

7 years

12/Ultimately, the implication for everyone in the crypto/blockchain space is to continue to look ahead to (and create) *new forms of value* that are possible now that the internet has an open, bourgeoning economic infrastructure. [end]

11

15

122

adam ludwin

@adamludwin

7 years

Excited to share that Chain is introducing a new service today called Sequence

5

26

123

adam ludwin

@adamludwin

3 years

just wait until the people who were mad about jpegs hear about the text files

7

122

adam ludwin

@adamludwin

4 years

Is it possible anymore to say something on twitter without people concurrently trying to figure out what “side” you are on and therefore how to judge what you wrote?

15

10

118

adam ludwin

@adamludwin

7 years

@AlokVasudev 5/ Build something people want

10

3

114

adam ludwin

@adamludwin

4 years

@aoscott less of a dunk than you realize: current CEO is just echoing the same exact strategy Walt laid out back in 1957

4

7

114

adam ludwin

@adamludwin

4 years

Biden should consider putting a Romney-type republican in charge of or co-leading his covid effort. Need to get as much of country as possible on board with strategy.

7

5

117

adam ludwin

@adamludwin

10 years

If you still haven't read @bhorowitz 's "good product manager / bad product manager", read now or bookmark: http://t.co/vZ7zLU4jir

2

56

114

adam ludwin

@adamludwin

5 years

Is Robinhood turning the stock market into coinmarketcap?

2

10

111

adam ludwin

@adamludwin

7 years

MLK: "Every person must decide at some point, whether they will walk in the light of creative altruism or in the darkness of destructive selfishness. This is the judgment: Life's most persistent and urgent question is, what are you doing for others?"

1

32

102

adam ludwin

@adamludwin

3 years

I'm hiring for a new project. If you source an engineer for me (including yourself) that we end up hiring, I will send you your choice of a blitmap or solvency.

6

10

108

adam ludwin

@adamludwin

4 years

the founder of Calm also created Million Dollar Homepage?? 🤯

5

3

110

adam ludwin

@adamludwin

9 years

Very excited to share this news :)

Interstellar

@go_interstellar

9 years

Chain has raised $30M from Visa, Nasdaq, Citi, Capital One, Fiserv and Orange

5

64

71

16

32

106

adam ludwin

@adamludwin

7 years

@balajis By "moving abroad" you just mean out of SF right?

4

1

107

adam ludwin

@adamludwin

7 years

9/...or, more likely, Bitcoin and the broader cryptocurrency ecosystem has giving rise to an emergent “commerce” use case that no one, including Satoshi, could have predicted.

4

13

107

adam ludwin

@adamludwin

7 years

18/A valuable dapp is one that has found users who are truly harmed/oppressed/taken advantage of by the intermediary in the market

4

25

101

adam ludwin

@adamludwin

7 years

Money flows into good ideas, it doesn't generate them. Crypto community doesn't quite understand this yet.

4

16

96

adam ludwin

@adamludwin

7 years

15/These questions = fundamental analysis of a cryptocurrency

1

12

99

adam ludwin

@adamludwin

7 years

Easy to say cryptocurrencies are fraud if you don't know what they're for & easy to say they're a panacea if you don't know what they're for

5

28

93

adam ludwin

@adamludwin

7 years

8/So either Satoshi is/was playing n-dimensional chess and knew Bitcoin would become the settlement currency for an ecosystem of digital assets that Bitcoin itself would catalyze through its example...

1

9

92

adam ludwin

@adamludwin

8 years

I spoke at the Federal Reserve last week about bitcoin, blockchain, and central bank digital currency. Summary here:

9

52

89

adam ludwin

@adamludwin

3 years

. @dhof just dropped a new project (without a tweet) but fortunately I had turned on my @context alerts for him yesterday and saw this

8

11

87

adam ludwin

@adamludwin

7 years

Crypto is internet counterculture. But disruption follows delight. Aiming at "the system" only works if you ALSO make something people want.

1

15

89

adam ludwin

@adamludwin

7 years

5/In general, a dapp allows you to do something you can already do today (payments, computing, storage) but without a trusted central party

2

14

82

adam ludwin

@adamludwin

6 years

This is what product-market fit looks like.

Elon Musk

@elonmusk

6 years

Due to a large increase in vehicle delivery volume in North America, Tesla customers may experience longer response times. Resolving this is our top priority.

1K

26K

1

6

84

adam ludwin

@adamludwin

3 years

everyone is getting better at everything because of the internet

11

9

86

adam ludwin

@adamludwin

3 years

i think @jespow is the best NFT collector in the world right now

30

5

87

adam ludwin

@adamludwin

3 years

a crypto wallet that... - green text when market down, red when market up - buy button sells, sell button buys - lets you buy any token, but actually just buys a 50/50 basket of ETH/BTC ... would make their users rich

10

6

75

adam ludwin

@adamludwin

3 years

The breakout moment for crypto is not about crossing over into the real world (as I used to believe) but creating a massive self-contained new world that ultimately subsumes the old.

jack0x.eth 🇻🇪

@0xjack_

3 years

We're getting close to red-pilling @matt_levine

4

9

125

2

9

82

adam ludwin

@adamludwin

7 years

5/So what *are* people buying with Bitcoin that dwarfs its use in traditional e-commerce and on the dark web? Remarkably, the answer is something that DIDN’T EVEN EXIST when the Bitcoin paper was published and ONLY EXISTS NOW *because* it was published.

1

19

80

adam ludwin

@adamludwin

1 year

@alexkaplan0 @sineatrix

1

9

80

adam ludwin

@adamludwin

7 years

Please make it stop

Jamie Foxx

@iamjamiefoxx

7 years

Looking forward to participating in the new @cobinhood Token! ZERO fee trading! #CryptoCurrency #BitCoin #ETH –

139

4K

2K

7

8

82

adam ludwin

@adamludwin

3 years

It's becoming hard to remember just how niche and small the crypto community was 10 years ago. There was a time when I could list most of the people _in crypto_.

4

2

85

adam ludwin

@adamludwin

4 years

crypto in 2016 vs crypto in 2021