P.S. You Should Know... | Issue #248





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December 26 · Issue #248 · View online
P.S. You Should Know...
👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7am CST, and definitely the best one published by me. Now in its fifth year!

my story 🚀
  1. I hope everybody’s had a wonderful holiday season. We’ve had whirlwind weeks of birthdays, visitors, holidays and outdoor fun. One more big one to go next week!
  2. Congratulations Nelson and Zach for earning your spots on the Who’s Who in #CryptoLaw twitter list.
  3. Speaking of crypto, I’m always on the lookout for what novel abilities it offers. Here’s one thing: with crypto, everyday folks can now make money as the “house” (in casino terms).
  4. Speaking of twitter, I haven’t spent much time on twitter since ~2010. Should I make a comeback in 2022? Vote yes or no.
fun facts 🙌
Anscombe’s quartet. Four data sets with the same statistical properties (mean, variance, correlation, regression) and nothing else in common. | learn more
An auction with a choice. “Winning bidder of this lot will have until July 2022 to decide between keeping the NFT or exchanging it for the physical artwork it represents. Only one can be kept, the other one will be destroyed.” What an interesting concept! The current bid is $10k. | learn more
There is nobody more generous than the miser. “Regardless of Scrooge’s motives, because he spent little, everyone else enjoyed more, as surely as if Scrooge had divided his fortune and sent a few coins to everyone in the country.” | learn more
tech, startups, internet ⚡
The next big thing in 2022. “50 of technology’s top thinkers weigh in on the year ahead.” Loads of interesting ideas to consider here: inflation, the war for talent, decarbonization, and more! | learn more
New York vs Silicon Valley business culture. Roy Bahat has lived in both places and cultures and this thread is wonderful. “I’ve seen the game in both places, and, to caricature a few differences, with as much truth as possible…” | learn more
Tokens as CAC. “Tokens are the paid customer acquisition channel of web3. By analyzing how web3 companies invest tokens, we can calculate the cost of customer acquisition (CAC) for a crypto company.” | learn more
retail therapy 💸
More than you want to know about gift cards. “There was once a Reddit comment from an extremely frustrated retail clerk wondering why people in the neighborhood made him spend so much time counting out refunds of $500 gift cards.” | learn more
under the microscope 🔬
Sleep technique for enhanced creativity shown effective. “Some of the world’s most creative minds, including Salvador Dalí and Thomas Edison described using this sleep technique to bolster creativity.” | learn more
thoughts of food 🍔
New Culture CEO hosts Ask me Anything about their cow-free dairy cheese. This was interesting, and went so well for the author that he edited the post to add a link to their careers page. “Plant-based cheese has captured less then 1% of the US cheese market compared to plant-based milk that has captured ~15%. This is obviously a big problem due to how unsustainable dairy cheese is.” | learn more
teaching the kids 👩‍🏫
Why tacit knowledge is more important than deliberate practice. “Tacit knowledge is knowledge that cannot be captured through words alone. Think about riding a bicycle. Riding a bicycle is impossible to teach through descriptions.” | learn more
big ideas 📚
The rise and decline of thinking over feeling. “In texts, … thinking words relating to technology and social organization (experiment, gravity, weigh, cost, contract) become more common between 1850 and approximately 1977 (beginning of the great stagnation) but since then thinking words have declined markedly and feeling words … have become more common.” | learn more
on the blockchain ⛓
The automated central bank is superior. “It has become absolute madness. The financial world, and various related aspects of society, all patiently wait for the decisions of a small group of 12 people who emerge from the FOMC meetings.” | learn more
Scaling Ethereum & crypto for a billion users. Coinbase delivers a solid, “guide to the multi-chain future, sidechains, and layer-2 solutions.” | learn more
China’s underground crypto miners. Though China’s official market share of mining is down to zero, “Experts estimate that as much as 20% of the worldwide bitcoin network remains in China.” The middle market of miners felt the worst impact, as the smaller ones could avoid detection and the bigger ones had the resources to move offshore. | learn more
profiles of people 🚶
The Sara Blakely (Spanx) story. “At 27, she took her $5,000 life savings, a good idea and tons of hustle to build a BILLION dollar business. The Crazy Part? She had almost no prior experience in business.” | learn more
calls to action 👇
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