James Wang @draecomino Twitter profile

Last Seen Profiles

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James Wang

@draecomino

3 years

Apple is proof design matters. Amazon is proof design doesn't matter.

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James Wang

@draecomino

3 years

Tesla AI day is probably the greatest technology presentation since 2007. It's also an absolute masterclass on AI.

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James Wang

@draecomino

3 years

There is no faster way to lose money than to be in a hurry to make money.

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James Wang

@draecomino

3 years

2010: Bitcoin is dumb 2018: Ethereum is dumb 2021: NFTs are dumb

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James Wang

@draecomino

3 years

Lessons from crypto (from my investing journal)

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James Wang

@draecomino

3 years

📣 Personal news: Today is my last day at ARK. It's been an absolutely amazing six years with Cathie and the team. I'll be headed back to Silicon Valley to work on the next generation of AI software. Meanwhile I'll be cheering on the ARK team every step of the way! 🙌

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James Wang

@draecomino

3 years

Between Stripe, Square, Bitcoin, and DeFi—banks are so, sooooo dead. Stripe eats business banking. Square eats retail customers. Bitcoin eats fedwire. DeFi eats lending. Banks are dinosaur displays at the Smithsonian. They just don't know it yet.

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James Wang

@draecomino

4 years

Nvidia is now worth more than Intel + AMD combined. That's the market's way of saying: x86 is a legacy architecture. The workload of the future is SIMULATION. Light -> raytracing Physics -> n-body, CFD AI -> neural nets ..and these will run on GPUs.

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James Wang

@draecomino

3 years

I learn more from frogs on Twitter than CEOs on LinkedIn.

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James Wang

@draecomino

4 years

ARK's Big Ideas 2020 deck is here—a year of research packed into 80 slides covering AI, robotics, autonomous, genomics, bitcoin, and more. Download: Here are 5 slides that really hit it home. Thread:

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James Wang

@draecomino

3 years

Life is a blockchain—you cannot alter past entries, you can only append new entries.

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James Wang

@draecomino

3 years

Ethereum can be the last investment of your life.

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James Wang

@draecomino

2 years

Every social media company other than Facebook is trading below its IPO price.

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James Wang

@draecomino

3 years

You cannot learn about crypto by reading blogs and listening to podcasts. You have to *do* it. Put $500 in metamask and try the top protocols. Think of gas as tuition fee. After a week you’ll know more than 99% of CNBC talking heads.

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James Wang

@draecomino

3 years

Bitcoin has holders. Ethereum has users.

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James Wang

@draecomino

3 years

Ethereum isn't just a crypto currency. It's a software platform with users, revenue, and applications. If you cover software like AWS, MSFT, SNOW, or TWLO you should cover Ethereum ($ETH). To get started, check out its Q1 'earnings' results:

Ethereum Announces First Quarter 2021 Results

Worldwide — May 17, 2021 — Ethereum (DEX: $ETH), the world’s leading decentralized, open source blockchain reported financial results for its first quarter ended March 31, 2021. Key Results Total...

draecomino.substack.com

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James Wang

@draecomino

3 years

What about Cardano, you ask? $ADA

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James Wang

@draecomino

3 years

In case you find this blockchain stuff confusing

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James Wang

@draecomino

3 years

If computers were invented today no one would talk about how useful they are, only how bad they are for the environment.

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James Wang

@draecomino

3 years

Work life balance is very important when your work is not your life’s work.

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James Wang

@draecomino

3 years

If you like managing people, hire mediocre people.

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James Wang

@draecomino

3 years

Sushiswap has returned more cash to token holders in its one year history than Amazon has returned cash to share holders in its 27 year history.

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James Wang

@draecomino

4 years

There is no "the next Tesla" just as there has never been "the next Apple".

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James Wang

@draecomino

3 years

Imagine getting Elon for an interview only to ask him the same questions he’s answered 100 times.

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James Wang

@draecomino

4 years

Netflix will spend more on content this year ($17B) than TSMC will spend on capex ($15B). One makes Tiger King and Ozark. The other makes 50% of the world's computer chips.

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James Wang

@draecomino

2 years

I have to say Solana is really fast. It's almost as if it's running on a single computer.

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James Wang

@draecomino

5 years

I still don't understand how people straight out of school can become "management consultants".

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James Wang

@draecomino

3 years

Ethereum revenue in 2021 is at the same level as AWS revenue in 2015.

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James Wang

@draecomino

3 years

There are many Decentralized Exchanges in DeFi. But only the Cardano DEX is a JPEG.

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James Wang

@draecomino

3 years

Naval has many great lines but perhaps my favorite is: “do what feels like play to you but work to others.“ It encapsulates so much in so little. And it is infinitely better than the common refrain of “follow your dreams.”

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James Wang

@draecomino

3 years

Imagine concluding that Elon Musk is actually the bad guy

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James Wang

@draecomino

3 years

What is DeFi? > Borrow money without a bank (Maker) > Trade stocks without a broker (Uniswap) > Launch ETFs without a sponsor (Enzyme) > Raise money without a VC (token sale) > Print money without a central bank (Olympus)

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James Wang

@draecomino

3 years

If climate change was solved by a billionaire using technological invention rather than societal change, most climate activists would sulk rather than rejoice.

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James Wang

@draecomino

4 years

A year ago SoftBank sold its entire stake in Nvidia at $218 a share, plowing the money into private companies like WeWork. Nvidia closed on Friday at all time highs of $340. WeWork never IPOed.

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James Wang

@draecomino

4 years

1/ Apple's upcoming ARM MacBooks isn't just going to save them some money and run a bit faster. It marks the beginning of the end of the x86 era and Intel's four decade empire. Thread⬇️

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James Wang

@draecomino

3 years

I miss Steve Jobs

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James Wang

@draecomino

3 years

If you can understand AWS, you can understand Ethereum. It's just a cloud computing platform. Like AWS, you build and deploy apps to it. Instead of $, you pay in ETH. It has tiny throughput but a unique kind of security. And many people find that valuable. cc: @TrustlessState

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James Wang

@draecomino

3 years

Bitcoin is going to become the reserve asset of crypto. But actual money is going to be programmable currencies on Ethereum like OHM. This is clear to me now.

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James Wang

@draecomino

3 years

Building your Twitter follows to 10k+ will teach you more about content and distribution than any MBA class.

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James Wang

@draecomino

3 years

Bonds: 0.5% yield, no growth. Tech stonks: 0% yield, maybe growth. ETH: 6% yield, maybe 10x. Your move.

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James Wang

@draecomino

5 years

This week on ARK's podcast—hear @elonmusk explain why Tesla build its own AI silicon and how that improved image inference performance by 20x.

Tasha Keeney

@TashaARK

5 years

#Autonomous cars are coming sooner than you think. Don't just take my word for it, listen to @elonmusk on the latest @ARKInvest #FYIpodcast . Thanks again for sitting down with @CathieDWood and me!

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James Wang

@draecomino

3 years

A minute of silence for those who are still doing deep work on whether Facebook or Apple is the better buy.

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James Wang

@draecomino

3 years

Did my first $1,000 gas fee transaction. Ethereum is just legalized ransomware. Don't @ me with your Cardano, Solana et al takes. You guys don't have anything worth paying ransom for.

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James Wang

@draecomino

3 years

It’s cute that Elon thinks paying capital gains on a portion of this stock will placate the mob. There is no satisfying the mob. Ever.

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James Wang

@draecomino

4 years

Prediction: Chamath's IPO A-Z will probably demolish the S&P500 over the same time period.

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James Wang

@draecomino

2 years

You can love Ethereum and acknowledge that every point in Su’s tweets is true.

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James Wang

@draecomino

5 years

1/ Cerebras just built a chip with 50x the transistor count, 1,000x the memory and 10,000x the bandwidth of Nvidia’s flagship GPU. One such 'chip' could replace an entire rack of Nvidia GPUs. What the heck is going on?

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James Wang

@draecomino

3 years

The purest metaverse play isn't $NVDA, it's $ETH.

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James Wang

@draecomino

3 years

Tesla is the largest company in the world that is 100% supply constrained.

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James Wang

@draecomino

7 years

Stanford gave the world ImageNet. Now it's giving the world Medical ImageNet—a 0.5PB dataset for diagnostic radiology. #GTC2017

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James Wang

@draecomino

3 years

If you want to see the future, go to the weirdest corner of the internet and stay there for a while.

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James Wang

@draecomino

3 years

The final analysis on Slack is simple. Startup vs. incumbent is a race of innovation vs. distribution. Microsoft achieved feature parity faster than Slack reached distribution parity.

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James Wang

@draecomino

4 years

Etsy is the manufacturing arm of Pinterest.

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James Wang

@draecomino

3 years

The most undervalued tech stocks are DeFi tokens.

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James Wang

@draecomino

2 years

How does the Metamask product manager sleep at night after using Phantom?

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James Wang

@draecomino

3 years

1 in 5 US adults use Twitter. 1 in 2 US kids use Roblox.

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James Wang

@draecomino

4 years

It took Apple 42 years to reach $1 trillion in market cap. It took just two more years to reach $2 trillion.

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James Wang

@draecomino

4 years

If you don't go down rabbit holes, what knowledge are you going to possess that's not a commodity?

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James Wang

@draecomino

6 years

Seems sustainable

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James Wang

@draecomino

3 years

I've had this conversation like a million times: "But ARK made all its money through bitcoin" "We also did Tesla" "Okay so you had two flukes" "We also did Nvidia" *grumbles*

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James Wang

@draecomino

2 years

I own more $GM than $BTC.

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James Wang

@draecomino

3 years

When crypto crashes, it doesn’t require a government bailout to restore normality.

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James Wang

@draecomino

3 years

Ethereum is iPhone level ecosystem with Android level market share.

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James Wang

@draecomino

3 years

Tonight I had to pay an artist in Spain. He asked if I wanted to use wire or PayPal. I said: how about crypto? He received the $ETH in 10min for $7 of network fee. GG banks.

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James Wang

@draecomino

3 years

Half the people in the world are below average.

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James Wang

@draecomino

3 years

Spotify needs to stop "thinking" about Clubhouse and buy it pronto. You can't clone it, you can't beat it, it's an asset as compelling for audio as Instagram was for photos in 2012.

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James Wang

@draecomino

3 years

That's it I quit I'm moving to Cardano

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James Wang

@draecomino

7 years

1953 – Discover human source code 2000 – Read human source code 2017 – Edit human source code

First Human Embryos Edited in U.S.

Researchers have demonstrated they can efficiently improve the DNA of human embryos.

www.technologyreview.com

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James Wang

@draecomino

3 years

The three bravest persons in tech: – Elon Musk – Tim Sweeney – Brian Armstrong

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James Wang

@draecomino

3 years

Max hype/reality: Cardano $ADA Max reality/hype: Terra $LUNA

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James Wang

@draecomino

3 years

Ethereum is the only appointment where if you turn up late you're still early.

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James Wang

@draecomino

7 years

How well you understand something: Can explain in a blog = good Can explain in tweetstorm = excellent Can explain in one tweet = god

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James Wang

@draecomino

3 years

In crypto you get paid for putting up with sickening volatility and emotional turmoil. Then in bull markets people call you lucky. That's the trade.

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James Wang

@draecomino

5 years

Have gotten lots of questions on *why* Tesla built its own AI chip and the right way to compare vs. Nvidia's Xavier/Pegasus. Here's a short blog that explains it all in plain English.

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James Wang

@draecomino

3 years

Crypto is the only industry where you can 10x your money in a year and still feel like a schmuck.

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James Wang

@draecomino

3 years

Stocks could easily be flat for the next five years.

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James Wang

@draecomino

3 years

ETH $10K is as lame a price target as AMZN $100

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James Wang

@draecomino

3 years

If you want to have a year's worth of experience in three months join a startup. If you want to have a year's experience over three years join a Fortune 500.

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James Wang

@draecomino

3 years

Imagine hating rich people so much that you’d rather have less space technology.

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James Wang

@draecomino

3 years

More lessons for myself that I will 100% forget to follow next time

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James Wang

@draecomino

3 years

People who don’t own bitcoin because they can’t afford a “whole bitcoin” have never ordered a 1/4 chicken.

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James Wang

@draecomino

2 years

Why isn’t this flagged as misinformation?

Joe Biden

@JoeBiden

2 years

You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.

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James Wang

@draecomino

5 years

Forget business school—watch company investor day videos instead. The CEO and top brass prepare for weeks to explain everything from engineering to sales. Eg. @nutanix investor day is a veritable master class in enterprise computing. And it’s free.

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James Wang

@draecomino

3 years

Apple was the rebels. Now they are the empire.

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James Wang

@draecomino

3 years

Bitcoin - daily tweets, chants, and Clubhouse sessions to enforce HODLing Ethereum - we’ll pay you to stake ETH

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James Wang

@draecomino

3 years

It's so hard to convince friends to buy crypto. Half the time they just won't do it. Half the time it goes up 50% and they sell it. Half the time it goes down 50% and they sell it. So 150% of the time it just doesn't work.

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James Wang

@draecomino

3 years

"We think Dojo could be the world's best AI training computer..we might offer it to others as a service. Dojo could be a business line by itself." –Elon Tesla just entered the AI hardware business. 🤯🤯

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James Wang

@draecomino

3 years

In every other age chads crushed nerds. This is the age of nerds crushing chads.

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James Wang

@draecomino

4 years

I really feel Peter Thiel's frustration. In a nutshell—take away the internet and we basically still live in the 80s.

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James Wang

@draecomino

3 years

If Banksy minted an NFT it would melt the internet.

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James Wang

@draecomino

3 years

Ultimately, life is just a chase for feelings.

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James Wang

@draecomino

3 years

There are months when nothing happens. Then there are days when months happen. Let’s go $ETH. 🚀🚀

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James Wang

@draecomino

1 year

With $NVDA nearing $1T, everyone is now calling AI the next internet. Who could have known? You could have – if you had read @ARKInvest 's whitepaper on Deep Learning in 2017. Those exact words, six years before it happened:

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James Wang

@draecomino

2 years

Successful ppl that have been fired: - Steve Jobs - Steve Ballmer - Elon Musk - Jack Dorsey - Ev Williams Who else?

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James Wang

@draecomino

3 years

SHIB flipping DOGE is v bearish for bitcoin. Basically OG status don’t mean sh*t.

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James Wang

@draecomino

3 years

Find a job where you don't look forward to the weekend.

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James Wang

@draecomino

3 years

Fuck it i'm going to write the Ethereum Q1 earnings release. Whatever it takes to awaken my SaaS fellows from their dogmatic slumber.

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James Wang

@draecomino

2 years

You only need one great trade a year. A 10x on a 10% position = you double your portfolio.

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James Wang

@draecomino

6 years

Netflix ML: every row in the Netflix UI (trending, drama, documentary etc.) uses a separate algorithm. The row order uses an ensemble. 300 person machine learning team. All research done on AWS. #NIPS2017

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James Wang

@draecomino

3 years

Imagine instead of buying Apple stock after the iPhone launch you invested in all the companies doing iPhone killers. And now you do it again but for Ethereum.

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