Hi! This is my blog. I'm glad you found it! :) From the keto diet to Ethereum, from Buddha to Seth Godin, from Satya Nadella to Dale Carnegie, you will find everything here. There is no clear publishing schedule, and I'm simply writing here to clarify my thoughts. What are you waiting for? Start reading!
9,297 words

AI isn't that scary.

Most of my thoughts in this blog post come from a book called "AI Superpowers" by Kai-Fu Lee. I encourage you to read it as it's fairly accessible and it contains a ton of knowledge around AI.

While it's true that AI, on a 10 year perspective, has the capability to replace around 40% of the US workforce, I don't think it's something negative. At the end of the day, life isn't about working, it's about living. And having a world based on AI algorithms would allow us to spend more time with our families, to spend more time with our friends,... Some people argue that AI is just like the internet a few decades ago. They think that the job market will simply change, nothing more. I agree with that because yes, the job market will change.

Most jobs will switch to a more human-centric way of doing things, where they will give much more attention to how people feel. These include health experts, teachers, and even judges. The reason being that, there is literally no point for a health expert to take years to learn everything by heart about how a brain works, while a machine can learn that in a fraction of that time. Besides, like I already argued in another blog post, AI algorithms have the advantage of not being impacted by emotions, nor feelings.

An example I used to illustrate this in that previous blog post, is an economist in a bank.

Imagine that you are Goldman Sachs.

Do you prefer to hire an economist, who can be (massively) impacted by his feelings, whose knowledge is limited, and whose decisions are actually mostly made by hormones, genes, and synapses, instead of what we call "himself"?

Or do you prefer to hire an AI, which has no feelings, whose, knowledge is in theory unlimited, and whose decisions are rational, as they are based on actual data?

Logically, Goldman Sachs would hire the AI in this case. What you can read above was my vision of AI until I read AI Superpowers. While I still think that banks will use (and likely already partly use) AI algorithms to determine if you are worthy of a loan, I think that the economist in this situation will not be fired. Why? It's incredibly simple. If you are a business owner, you don't want to talk to an AI when covering your financial situation. You want to see if you can trust the bank, if you can trust them with your money. Let's put that in a table.

Economist AI
Impacted by emotions What are emotions?
Limited knowledge Unlimited knowledge (in theory)
Decisions based on hormones, genes and synapses Decisions based on actual data
Irrational Rational
Understands human feelings, can express empathy No understanding of human feelings, can't express "real" empathy

Like you can see, AI wins on nearly all of the above aspects, except the last one. As an AI can't express feelings, and can't express empathy, there is no way for an AI algorithm to fully replace humans.

When you are a client, you want empathy. In fact, empathy is one of the key parts of running a successful business. How can you become successful, if you don't care about your customers?

And this is precisely the reason why I think that most of the people constantly saying on social media that AI is going to destroy everyone's lives are completely wrong. Essentially, AI is simply a shift in how society works, nothing more. Besides, we are still decades a way of having the so-called "Artificial General Intelligence" (AGI) which scares so much people.

While it's true that an AI called AlphaGo has already won in a tournament agains the world champion of the game of Go, which is basically an Asian version of chess, the team behind AlphaGo worked during years before their AI became truly good at Go. On top of that, AlphaGo can only play Go. If you ask it what is the capital of France, it won't know the answer. And it needed to play thousands, and thousands of games, before arriving at such a level. Because yes, as a human, an AI needs to learn.

To conclude, I think AI is going to have a tremendous impact on society. It's going to radically change how people live, and how they interact with the digital world. However, it's not going to destroy humanity, at least not yet. And it's not going to cause massive unemployment. AI is simply going to change how our society works.

MakerDAO, criticized, but required.

Interestingly, there has been the past few months a growth, in terms of the amount of people starting to "hate" MakerDAO, or at least to criticize it. This, from the Synthetix community for example, but also from other people in the broader ecosystem.

While I'm not a fan of MakerDAO, mainly because it has become a slow organization with more and more bureaucracy and there isn't a clear roadmap for DAI adoption and development, I have invested in Maker. This may seem crazy, but it isn't, at least in my opinion.

There are multiple ways of viewing the MakerDAO case, and while I have had many doubts in the past regarding the project (and I still have), there is always one argument which beats them all. And that argument is that for the DeFi space to survive, and grow, DAI is needed. They can't do otherwise. They need MakerDAO. There is currently no reliable, decentralized and scalable alternative to MakerDAO.

So you can think what you want of MakerDAO, but DeFi is dependent of DAI, and that's precisely the reason why it's here to stay in my opinion, at least in the near future.

Don't work for money, you will regret it.

Most people in our society work for money. Though, money is just an abstraction of your time. Essentially, when you work, you convert your time into money. Your time is literally money, indeed. But what's interesting about that, is that you might ask yourself, why work? Because yes, why would you work, lose time, for something which is basically just a way to exchange your time for other things? It's quite ridiculous in my opinion. Especially when taking in condideration the yearly 2% inflation of your cash savings, making your time less valuable year by year. Why lose time for something which is losing 2% of its value on a yearly basis, and which isn't limited by its supply, while your time on this planet is clearly limited? It's a valid question. Besides, what positive things will you retain from your 9-to-5 job when you will be in your eighties? Likely nothing. Will you have meaningfully contributed to humanity? Likely not. Will all these years working 8 hours a day have made you someone truly happy? Likely not. You will most probably be exhausted.

So, what should you do instead?

Find out why you are here on this planet (not that easy, I agree), and start contributing to humanity in one way or another. By not working for money, and actually working to help people, to save animals, or even send people on Mars, you will not only have much more chances of becoming wealthier than you were before (because you will be all-in in your job, which is obviously not the case when you work for money), but you will also become trully happy.

And that's the only thing which matters at the end of the day.

Don't use ads.

If you read by previous blog post, you will now understand why I really think that ads are useless. In my opinion, when you work on something, it's all about the long-term. How did Warren Buffet get as rich? Because he was thinking on a timescale of 10, 30, 50 years. While other fellow investors where thinking on a timescale of 10, 30, 50 days. That's the major difference. Why did Apple get so popular, mostly without ads? Of course, thanks to their marketing, but also, and especially, thanks to their empathy regarding their users. Apple truly changed the life of people, by creating user-friendly products, which even your grandma should be able to understand. That's true helpfulness. It's creating value.

So, what we can learn from Warren Buffet and Apple (and these are just two examples, but you can find many of them), is that you need to focus on a long-term perspective (dozens of years), AND, you need to be delivering true value.

And guess what? Ads are incredibly short-term focused, and don't deliver any value. Do you learn something when you see that an ad on YouTube? I don't. Nor do you. Nor does anybody who watches this ad. And watching this ad isn't going to create a trust relationship between the company, and you, the consumer. In fact, you may even start not trusting that company, simply because of its repetitive ads.

So if I were to operate a business, which will most likely be the case in the future, I will avoid as much as possible the use of ads. Because it doesn't help anyone. It's hidden brainwashing, it doesn't contribute to the development of our society, and it doens't get people to start trusting you as a company.

People start to trust you, when you create value, when help them, when you care about them, when show empathy. Not when immediately try to sell them a product which they didn't need in the first place.

True value.

I have already written about delivering true value in the past. But, with time, this idea has only become stronger. It's funny, because a massive amount of content creators, in fact, most of them, aren't creating content to help people. They are creating content, to help themselves, financially. Because of that, you could argue that they are creating content, to create content. And you can't expect from someone to start trusting, to start using your products, if all you do is writing useless blog posts, recording videos and podcast episodes,... Especially when you are just recyling the content other people have already created.

It's actually a very simple idea, like, it's just "deliver true value". But, weirdly enough, 99% of the content creators out there don't understand that, don't get that. Now, you will most likely tell that most of the popular youtubers aren't delivering true value. But the reason is incredibly simple, their audience is usually pretty young. But if go and take a look at youtubers which have a more "adult" audience, you will notice that they have to create content to survive on a long-term perspective. Maybe not on a short-term perspective, but always on the long-term. Most youtubers, with an adult audience, who get at one point popular, and don't create value, will most likely see their number views go as rapidly down, as their number of views first went up. That's how simple it is.

Deliver true value. Create content to truly help people. Don't be a sheep, don't create content to create content like everyone else does.

AR//VR

I believe in Augmented Reality (AR). Not in Virtual Reality (VR). At least, currently.

And the reason is because, AR is bringing a soft change to our society. It's actually a massive change, but in terms of how the society works, it will not change that much. While VR, is what I call a hard change. If VR gets globally adopted, the world will never be the same. And that's precisely the reason why VR will take much more time before reaching it's maturity level, simply because people will need to adapt a lot. Besides, VR takes a lot more time to develop. If you are a VR app developer, you will need to literally create a whole artificial world, which obviously, will need to be beautifully designed, because who wants to live in a world full of ugly pixels? While an AR app developer, simply needs to develop a light-weigh graphical interface which can be used through the AR glasses, and that's all.

It's not that I don't believe in VR, it's that, AR will likely reach a lot faster its maturity level than VR.

AI.

It's funny, because a lot of people start to have this feeling that AI is overhyped, and that Artificial Intelligences miss the "Intelligences" part. What these people absolutely need to realize, is that we are still incredibly early in this space. It's like the blockchain sector, or even like the Augmented Reality space (AR). (By the way, if I had a few billion dollars, these are the three domains I would invest in). We don't even know all the use cases for AI yet. The thing is, whether you want it or not, this revolution will eventually take place. And it's likely going to cause a new industrial revolution, simply because 99% of the non-creative jobs, can get replaced by an AI.

Think about it. Why would you hire an economist, who could for example have some relationship problems with his wife, causing him to make bad financial decisions? Why would you invest in a company where the workforce protests every year because they would like higher salaries, when you can invest in a AI-operated company, where no one will ever protest, as there aren't any workers?

While this may seem crazy, it's not. Let's place things in perspective: Uber takes a 25% fee on every ride made through its app, which means 75% goes to the drivers. Guess what would happen if Uber's cars were now operated by an AI? Their revenues would quadruple. Yes, QUADRUPLE.

And now a more controversial one: why would you let fame and wealth seeking (and emotionally-vulnerable) individuals (politicians) run your country, when you can have an AI, which isn't impacted by emotions, which doesn't seek fame, which doesn't seek wealth and which above all, could be programmed to seek for a better country (obviously, an interesting question in this case would be: what is "better")?

Most people still believe the decisions they take are their own, made by their own mind. But as Yuval Noah Harari puts it in his book Sapiens: "Scientists studying the inner workings of the human organism have found no soul there. They increasingly argue that human behaviour is determined by hormones, genes and synapses, rather than by free will – the same forces that determine the behaviour of chimpanzees, wolves, and ants."

Finally, an AI will be able to take into consideration every detail when handling a case, which a human obviously can't.

I guess it's just a matter of time, before AI starts to govern us.

Meditation. Meditation. Meditation.

Your mind is an instrument, so why use it 24/7? At the end of the day, it's just like your arm, or your foot, it's like a muscle. And you don't use your arm all day, nor do you use your foot all day. So why use your mind all day? Doesn't make sense. Like you allow your foot, and your arm to rest, you should also let your mind rest.

That's precisely the reason why you should meditate.

Now, I have recently realized that timing your meditation sessions just doesn't make sense. Because a lot of people make a goal of it to meditate a certain amount of time. They put an alarm on 10 minutes for example. But the thing is that, because of that, it becomes a goal for them to meditate that long. It's no more about meditating, it's about reaching that goal. To be honest, I don't even know how long I meditate every day. I really don't. Because it just doesn't matter. What matters, is that I meditate.

A Guide to Life: How to Realistically Get Rich, Become Happy, and Live a Healthy Life.

This will be a short, short, short guide on how to rich realistically. It's not meant to sell you stuff, and you will not get rich quickly. Getting takes time, likely tens of years. That's why you have to start early. I have the advantage of being pretty young, and that's also the reason why I'm creating this little guide.

In the beginning, I wanted to create long guide, but I started to think that creating a short guide with rules or laws, whatever you call them, would be more effective. A bit like I did with this guide: https://listed.to/@0xtardigrade/11746/living-a-healthy-life-through-sleep-diet-and-exercise

• Invest ideally between 20 and 30% of your salary every month in the SP500. You can do that through Vanguard for example. Even if there are crashes, or bear markets, the market ALWAYS goes up. Just look at the DOW since 1900.

• Just buy a few times one outfit, and wear that everyday. This way, you will be able to resist the idea of buying new, unnecessary clothes. Give all your other clothes to the poor.

Pro-tip: create three piles of clothes. One for the clothes you would like to keep, one for those you don't want to keep, and one for those you don't really know if you want to keep or give them. For that final pile, think for each of these, "how much would I be willing to pay to buy it again?". That should be doing the trick.

• Eat healthy and expensive food. Yeah, that's quite contrary, right? Well, the reason why is because expensive food is much more likely to have higher level of quality than cheap food. It won't always be quality, but the chance is just much higher. But the reason why you don't want to be greedy regarding food, is simply because it directly affects your health. And health issues are INCREDIBLY expensive, even here in Europe (and I don't want to imagine what it would be in the US). So it's actually cheaper to eath healthy expensive food, than to eat cheaply.

• You want to get a 9-to-5 job, and on top of that work on stuff you like, and try to create a business out of it. Like Naval puts it: "You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom."

Example, you have a degree in economics and have a decent knowledge in software development, well, get a job at a bank, and in your free time, start developing an app. Once you have a decent userbase, start monetizing it, in non-intrusive way. Once you are sure that this is the right path for you, quit your 9-to-5 job, and start working only on your business.

Always deliver a massive amount of value, and monetize it in simple, ethical, and authentic ways. That way, you will create superfans, essentially, people willing to buy all your services, people who will buy an airplane ticket just to be able to meet you. That's the kind of community you want to build. Like Naval puts it: "You will get rich by giving society what it wants but does not yet know how to get. At scale." (essentially creating value)

• Try to get good at things which usually aren't mixed together. The example of the economist with some software development capabilities (see above) is a great example of this.

• Constantly create content, whatever it is. Compound interest also applies to content, at least, if it's quality content.

• Regarding where you live, you want to buy a piece of land where you can build a house. And then build that house. Though, that house needs to be as low-energy-consuming as possible, ideally totally off the grid, and, as little as possible, as that will force you to 1. spend time outside (which will massively increase your health, and likely also your hapiness) 2. be minimalistic regarding your furniture and stuff you want to buy (which in most cases you don't need).

• Never buy a car, it's the worst investment you can make. Instead, buy an electric bike, which will improve your health as you are exercising, and you will save tens of thousands of dollars.

• Avoid all debt, the only authorized debt is for your ultra-economical house.

• Don't buy a TV, you will lose time, and it's unnecessary. Avoid as much as possible subscription-based services. Especially when it's for "entertainment". These things just make you lose time, and don't make you happy, so, why pay for it?

• Don't buy a smartphone. Just use an old phone like a Nokia 3310 and that's it. You don' need more. Besides, having a smartphone will make you lose time, and on top of that, you will be much more likely to subscribe to services you don't need. Finally, it's also much better for your digital privacy, as all these super-evil entities like Google and Facebook will not be able to use your data for very evil purposes (ads).

• Find a philosphy of life, whatever it is. It may be Buddhism, Stoicism,... Just find one, and start practicing it. You will see massive (positive) changes in your life. You will likely become much happier than you currently are, you will also most certainly have better and stronger relationships with people,...

• Read everyday, it doens't matter what you read by the way, just read. And remember: when reading, the slower, the better. Speedreading is certainly one of the most ridiculous inventions of mankind.

• Never go to the gym, it puts too much tension on your body.

• Avoid eating in the morning.

• Exercise everyday, but alternate. Example: Every two days, I do some push-ups, pull-ups and squats. And the remaining days, I do some yoga.

• Always exercise just after waking up, that way, you will not forget, and not be able to find excuses, and you will speed up the fasting process.

• Only drink water during the morning (and also during the day actually).

• Eat a salad with 5 different vegetables and some proteins at noon.

• Eat at least twice a week fish.

• At noon, after having eaten your big fatty salad, eat one fruit, and a handful of nuts (preferably almonds).

• Avoid eating anything with sugar during the evening (even fruit).

• If possible, eat healthy during the evening, if you can't because of social circumstances, it's not a disaster.

• In the evening, try to eat around 3 to 4 hours before you go to sleep.

• Never too much, nor too little, just eat enough.

• Don't sleep longer during the week-ends. Keep the same routine as during the week.

• Don't wake up with an alarm, wake up naturally. (you should be getting between 8 and 9 hours of sleep)

• NEVER, ever use the snooze button.

• Go to sleep at the same time every day, no matter what is hapenning, in 99.9% of the cases, it's actually not important after all.

• Always use people's names, it's everyone's prefered sound.

• Make it a game of listening to people, like, how long can you make them talk about themselves? People don't care about you. I know, it's harsh, but it's the truth. People only care about themselves, so let them do it. Avoid talking too much about yourself, just ask questions, which can't be answered with yes or no. Besides, you will cultivate a sense of mystery, because will know nearly nothing about you, your life, while you will know an enormous amount of information, leaving you with the cards in hand.

• Respect people, whoever they are, whatever their job is, and whatever their origin is.

How the governments should have reacted to COVID-19.

This is not a blog post to criticize governements. Nor is it meant to show off, or make predictions about the future. It's much easier now to know what governments should have done when the outbreak started. Besides, most government officials must have been living a highly stressful period the past few weeks, so again, this is not to criticize them. It's to show what, in my opinion, would have been the right response.

First, I think that, instead of choosing for a national lockdown, governments should have taken the decision to only place 65+ people, and people with chronic diseases under quarantine. AND, people living with these people. If you live with your grandparents, for example. Obviously, people taking care of the elderly should also have been placed under quarantine. Though, all the remaining people, should not have been placed under quarantine, simply because the death rate is incredibly low in these groups of people. This may seem crazy, unethical, politically incorrect, it actually isn't, as, the consequence of choosing for a national lockdown, is an economic recession. And as the days pass, the chances of seeing that recession take place only increases.

The thing is, an economic recession is horrible, and it can even be worse than the deadly virus, simply because an economic recession has an incredibly huge number of awful consequences, but not on a short-term perspective. On a long-term perspective. And that's the worst part. Why? Well, during a crisis, most people will avoid going to the doctor for their medical check-up. They will avoid eating healthy foods as these are too expensive, and will likely eat on a daily basis only pasta, as that's cheap.

Besides, a lot of people will come into a state of depression, and finally, others will stop taking care of themselves, start having bad relations because they aren't feeling well in their life,... Most of these effects will only be perceived years after the recession ended. And that's why it's incredibly important that this recession doesn't take place. My view is that as a government, you have to find the right balance between having as little short-term, and long-term consequences. But it seems like most governments are only focusing on short-term happenings, which is unfortunately pretty common in politics as they absolutely want to protect their image.

Second, instead of taking the decision of funding companies through massive inflation, governments should have taken the decision to go for inflation, but only to help people, instead of donating money to companies, while we all know that a large part of these companies are just not sustainable. The thing is, in our society, it seems like people think it's normal that when everything goes well with the economy, we let people enjoy and do nothing, while, when the economy doesn't go well, weirdly enough, we try to manipulate how the markets behave by massively inflating the economy, and we start donating money to companies, which shouldn't have been there in the first place. The economy is essentially a self-cleaning system, as, when there is a recession, companies which shouldn't exist, simply go bankrupt, and so they disappear. That's how it should be.

And when the economy goes well, it gives a chance to new initiatives to be brought to life. The thing is that, it seems like most people accept the fact that no one should touch the economy when everything goes well, but nearly no one seems to accept the fact that no one should touch the economy, when things aren't going well.

However, I'm human, like you are, and that's why I think using inflation to help people, is the right way of doing things. Though, likely not in the way you think. The US government has been sending checks of $ 1200 to their citizens. While the idea is great, the way they did it is not. The way they should have done things was to pay for essential things to survive. Rent, food, water, a cellphone subscription,... Obviously, they should setup systems to control that these things aren't abused. That way, the inflation is only used for the people who truly need it, and not the middle class, and the wealthy people, who don't really need it.

Third, the governments should have immediately forced people to wear something to cover their mouths every time they got out, AND, every time someone got in a bus for example, or entered a train station, they should have verified their temperature. This should have become mandatory. Besides, once the lockdown started, they should immediately have started the development of a privacy-preserving tracking app, to allow people, and the government, to precisely track the progression of the virus.

Finally, the government should have communicated constantly, but through only one source, ideally not controlled by the politicians, but by scientists.

These were the measures I would have taken, with what we know NOW, if I were the government.

Sablier, revolutionizing finance thanks to streaming.

If you haven't heard of Sablier (https://sablier.finance), it's an app which allows you to "stream" money. It's based on Ethereum, and I genuinely think it's simply incredible.

First, Sablier makes it possible for your employer to pay you every single second. Yes. Every single second. So instead of receiving your paycheck at the end of each month, you can receive every second what that second of your time is worth. Which is crazy, right? Because it allows you to be much more flexible, as you know that tomorrow, whatever happens, you will receive your daily salary too. At the end of the day, it doesn't make a lot of sense to be paid every month, right? So there is already a huge usecase for that.

Second, you can also use Sablier for your heritage. Instead of giving a certain amount of money directly to your children, you can now stream money as part of your heritage to your kids. Which, makes again perfect sense to me. Because it would allow parents to ensure that their children will have a fallback every single second coming directly in their wallet, during their whole life. A guaranteed revenue essentially. Crazy, isn't it?

Third, Sablier finally allows it, to only pay for a subscription when you use it. Just think about it, does it really make sense to pay 10$ a month for a Spotify subscription, if you are only using it one hour a day? Because you are essentially paying for 720 hours of music every month, but you are just using it during 30 hours, though, you still pay the same amount of money. Doesn't make sense, right? Well that's where Sablier comes in, because if Spotify were to integrate Sablier for example, it would allow the Spotify users to just pay when they use the service. And that's how it should be. This will radically transform they way companies are funded in the next few years.

As you have most likely already understood, I'm incredibly excited for the future of Sablier, and if I had a few millions in my pockets, this is definitely a start-up I would invest in.

0x, not hyped, not exciting, but very promising.

0x, if you haven't heard about it, is a cryptocurrency project mainly focused on liquidity. And while it's definitely not the most hyped project out there, and definitely not the most exciting project, it's a very promising project.

0x is in a certain way a liquidity network, which everyone can access. That's the selling point, because any developer can with just a few lines of codes allow his dApps to access millions and millions in terms of liquidity. And what's even more interesting about it, it that it's unique, and it's already used quite a lot actually. While the project in its beginnings was clearly not successful, as it lacked a decent amount of volume, it doesn't face that problem anymore with a few millions of dollar of daily volume.

Something which makes in my opinion 0x so valuable, is that in the next 10 years, most games will start using blockchain, most content will be based on the blockchain, and basically everything will be based on the blockchain. Your favorite YouTuber will sell special videos using something like Unlock Protocol on Ethereum as tokens, and once you bought the video, you will be able to transfer the ownership of it to someone else. Incredible, isn't it?

This will most likely also be the case in games. And art. And real estate. And books. And clothes. But to be able to exchange all these things, you need marketplaces. And as a game developer, I don't think you would like to spend 1+ year on the development of a decentralized marketplace, simply to allow your users to buy and sell digital goods. As a game developer, you want to spend as much time as possible developing your game, making it even more fun. And that's where 0x comes in, because thanks to 0x, you can in just a few minutes launch your own marketplace, and instantly allow potentially millions of people to buy and sell digital goods on your marketplace. I took here the example of games, but this is something which you can apply to nearly everything. After all, as a real estate company, I doubt you will want to focus on creating a marketplace. You want to focus on selling real estate. Because that's what's profitable. Same for an art seller. Or a clothing shop.

The true strength of 0x is its Plug & Play ability regarding the access to liquidity, and the creation of marketplaces using that liquidity.

Time and Bitcoin.

Regarding time, there is this really interesting theory, mostly found in the Bitcoin community, which essentially says that it just doesn't make sense to use fiat currencies such as the USD, or the EURO. The reason why is essentially because when you work for a company, you convert time into USD. Because you spend time, and you receive a salary which is in USD, or any other fiat currency.

But it doesn't make sense, because for the EURO for example, there is a 1 to 2% inflation during normal years (without taking in consideration years like this one where there is a crisis). But this inflation essentially means that every year, your time is valued up to 2% less. Ridiculous, isn't it? So why would you start using USD? Why not use something like Bitcoin, which has a very very tiny inflation and will in the following years most likely switch to a form of deflation (because people lose their private keys, send their BTC to wrong addressses,...). While it's an incredibly interesting way of thinking, which Misir Mahmudov pioneered if I'm not mistaken, it doesn't make sense. The reason why is because this theory only works, if everyone adopts Bitcoin, and everyone starts using it. Which is currently obviously not the case.

Because if you convert every time your salary into Bitcoin, or you are directly paid in BTC, but no one uses BTC, you will 1. always have to convert your BTC into USD to live, 2. you will most likely win, but also lose money depending on how BTC behaves against the USD. And that's the big flaw with Mahmudov's theory.

Time is the real currency, not the USD, nor the EURO.

It's funny because 99.999% of the people on this planet value everything in money. And I do too actually. But why? Because, at the end of the day, it just doesn't make sense. It would make much more sense to value everything in time, as, you can not inflate time, there will always be 24 hours in your day, never more, never less. While in contrast with that, the USD is currently being inflated with 1 million dollars every second because of COVID-19.

And besides, everyone has time, it's the ideal currency. Bill Gates has as much time as you and I have. And what's interesting about it, is that no one can buy it. No one can buy, even with billions of dollars, even just a second more every day.

Now, you will most likely tell me that time isn't as equal as I'm saying, simply because Bill Gates can afford incredibly expensive health operations which you and me can't. But while I agree with this statement, I must say it's not entirely correct, as these health operations and other stuff will maybe allow him to live a few years longer, it will just be a few more years where he will not be in great shape. Most people in their 90s aren't really looking forward to life if you see what I mean. So time, as a currency, is actually quite a fair system.

When you go on Facebook, you spend time. SPEND. Yeah, like money. Because it's money. The more you spend time on his social media, the more Zuckerberg will win money, as it will allow him to have more data about you, more insights.

When you create a startup for example, you will invest a lot in it, more than you can imagine. Maybe some part of that will be money, but most likely, most of that will be time. Simply because your favorite VC can't offer you time, nor can they invest time (unless they start working for you of course).

Time is the real currency.

The best ways of investing during these difficult times.

The markets are currently down, and it hurts. My cryptocurrency portfolio went down by around 50%. However, I'm still confident in my strategy, even if I have had some doubts the past few days. But that's normal I guess, given how bad the situation looks like. Though, I think that the coming few weeks will be an investment opportunity which we will not see again during years of time. So, how do you invest?

Well, I have currently just been investing in knowledge. Because knowledge, as Benjamin Graham used to say, is the best investment one can make. Knowledge, is what allows you to buid businesses, to have relationships with people,... Knowledge, equals power.

Though, in the coming weeks, I will be investing again in crypto, simply because the market just overreacted, in crypto, but maybe not in the global financial. Though, if I had enough money, I think I would be heavily investing now in the S&P 500. Not specific companies in the index, but just the whole index. It's in my opinion certainly one of the most safest investments you can make. And the reason is simple, the economy always, ALWAYS goes up on a long-term perspective. Always. There will only be more people on this planet, only more demand, and because of that, a never-stopping-growing economy. That's how simple it is. Now you may live difficult times like this one, but on a 30 to 60 year investment period, it's certainly the best decision you can take if you start investing early in your life. At least, that's what I'm planning to do.