#19 - 💰Internet Money, 💪Casey Neistat Work Ethic

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#19 - 💰Internet Money, 💪Casey Neistat Work Ethic
By Hari • Issue #19 • View online
Hello Friends,
Internet Money
One use case that will for sure be filled with cryptocurrencies like Ethereum in the coming years is that of internet money.
Just like we had an era of web-first applications and shops, which then became mobile-first. Internet-first money is yet be fully realized. Money that is not tied to a physical entity per se, but at the same time can store and be a medium of exchange of value over the internet.
Money, Paypal credits, Credit are all good forms of value individual users or businesses use to transfer wealth between each other. This can be done via online too but the underlying mechanism is still tied to bank accounts and balance ledgers maintained by different banks. The internet only acts as a proxy for the transaction.
Internet money, on the other hand has the capability to sustain the transaction and it’s underlying mechanism end-to-end within the internet. Imagine if API’s wanted to exchange money and not users or businesses. Internet money would be the default way to do it.
By the looks of it, cryptocurrencies are the most poised to fill in this use-case.
Casey Neistat Work Ethic
The Casey Neistat work ethic is breaking down what ever you want to be better at into a chunk that can be performed every day. And then doing it every day. No excuses. No ifs. No what ifs. Just do it. Every single day.
He famously started daily vlogging to put an impetus on himself to film something everyday.
The secret sauce is keeping the daily task at the boundaries of your current ability. That provides enough motivation to work on it and get better but at the same time not too easy or boring.
This won’t be easy. Doing something hard deliberately requires discipline. 
Hari.

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Tweet of the Week
Physics In History
Physics Photo Of the Day:

The three Titans of quantum mechanics: (L-R)
Paul Dirac, Werner Heisenberg and Erwin Schrödinger at the Stockholm Railway Station, c. 1933. https://t.co/gOEBK5SSeL
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Hari
By Hari

Exploring the intersections between thinking, finance and tech.

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