pablo-lema

Thoughts on the Long Term Winner

Today we are going to discuss how the long term survivability of a prospective crypto asset is the single best indicator of its investment quality. We will also...

Thinking in Systems

Thinking in systems is hard, particularly because humans are best at linear reasoning, “if this, then that.” Systems are much more complex, made up of interming...

Economic Over Technical Improvements

When considering the attributes of candidate cryptocurrencies, you should always prefer economic over technical improvements. The obvious example is Bitcoin, wh...

The Value of Work

Let us consider “work” in a special sense, as the inputs that go into the maintenance (or in the digital sense) creation of an object such as a piece of softwar...

A Narrative of Price Appreciation

A couple of years ago I ran into a dear friend who was preparing to launch a new crypto project, and he asked for my advice in helping it take off. In the end i...

It’s Chancey

“Generally speaking, the prices of cryptocurrencies are not governed by chance, but they tend to behave like they do.” I don’t exactly recall who said this firs...

What is a Crypto’s Value? (Part 1)

At a very high level, there are two types of values that we can consider when thinking about the value of anything: the market value (price) of an asset, and th...

Volatility vs. Risk

Lets talk for a moment about volatility and the future of crypto investing. In essence, volatility refers to how far the pendulum of an asset price may move in ...

Defensive Moats

Let's talk about moats. If you are flashing back to fourth grade history and picturing a small lake with a castle in the middle, you are on the right track. Moa...

Principles for Crypto Investment, An Intelligent Approach

I am the Author of Principles for Crypto Investment, a book focused on developing a basic theory about crypto investment. My first book Crypto Success has been ...

The Market Cycle

There is a cycle to everything in life, and like most things, it is important to understand that these cycles create opportunities as well as risks. The market ...

Long Term Bets and the Scaling Debate

You should always prefer improvements to the economic incentives of a coin as opposed to mere technical improvements. There are myriad examples of this and the ...

More Thoughts on Indexing

We have previously discussed some criteria as to how to create a good crypto coin index (Not Scams NS:100). Let’s here discuss why we do not use traditional ind...

Louis XIII and You

I am not, by any stretch of the imagination, what you might call a “drinker”. My average alcohol consumption per year is probably equivalent to no more than 3 b...

Me vs. Day Traders

Day traders put food on my table. I have them to thank for my daughters braces and bills paid on time. I’m a big fan of day traders. I’m not being caustic eithe...

A Better Crypto Coin Index

Index Investing. Index investing refers to investing in a basket of securities which have something in common. The S&P 500 stock index, for example, contains th...

Toothpaste vs. Quantum Computing

Buy toothpaste tokens, not cutting edge quantum computing tokens: By this I mean that you should buy tokens with established technologies (toothpaste), not coin...

Qualities of a Successful Investor

There is an interesting, if unexpected, side effect to being successful at anything, but particularly in finance: you get advice, and lots of it. You read that ...

Trading Should Be Boring

I have a friend who is a crypto day trader. He often regales me with his war stories, which generally end in “I just bought someone a car.” And when he does mak...

Network Effects

As we discussed in a previous post, I will be investing in my first ICO, when Tezos launches later today. I think that I need to explain why I have not particip...