@jake
some principles for building in crypto:
- underpromise, overdeliver
- better for market cap to lag product than vice versa
- buyback strategically, not automatically
- include caveats and context in public communications
- default to public communications vs. groups & DMs
- don't state things as fact which are not objectively true
- don't call things "inevitable"
- don't be sarcastic in ways that harm if misunderstood
- don't tell or advise people to buy the token
- state facts frequently and reference sources as able
- be authentic, transparent, and straight forward
- work hard and smart not one or the other
- experiment freely with one-time things
- it is hard to predict outcomes of actions in advance
- reject recurring commitments by default
- minimize maintenance required to run the product
- work with as few people as possible
- do the part that you are great at, hire a complement
- what makes sense in theory may not work in practice
- try not to get down about market cap when it's down
- it's ok to let market cap add motivation when it's up
- crypto is extremely nascent, no one knows the future
- if it was easy and obvious everyone would be doing it
- best practices are not always the best practices
- listen to feedback from top users, ignore it from haters
- unanimous feedback may very well be wrong
- if it's a toss-up, try the thing that is more different
- design little things you love even if no one will care
- always be aware of t-x implications to avoid big traps
- the vast majority of what you ship no one will care
- if it is not extremely simple, no one will understand it
- assume people need to see it 20x before they notice
- assume every incremental click has a 99% churn
- it is easier to be prolific than perfect on the internet
- do things you are mostly interested in, stop the rest
- every passion project includes some tedious work
- one-time actions are rarely a waste of time
- recurring commitments and costs are what kill you
- make money ethically and responsibly or else don't
- treat people fairly and check that they feel that way
- you will never make all users, holders, etc. happy
- seize opportunities to delight people unexpectedly
- never get so risky with investments you can blow up
- good investments can be bad if the ride steals focus
just stream of consciousness, hope it is helpful.