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Letter #1: Choosing your information wisely

Only you get to determine what type of information to consume and from whom. What is best for all is rarely what is best for you. A good friend with whom you can discuss ideas and strategies intelligently will be worth his weight in ETH.

FoundTheWei
FoundTheWei
3 min read
Letter #1: Choosing your information wisely
Thoughts, dreams, and letters.

Dear FindTheWei,

I'm incredibly impressed by the amount of vigor you've shown to understand a topic as complex as cryptocurrency, scouring through Reddit threads, doing research on YouTube, and even trying to explain to your friends what this "NFT" thing is all about. In addition, I applaud your efforts to become more financially savvy, and I see you've made a decent profit on the way too.

Allow me to give you one piece of advice as you begin diving deeper into your journey, be wary about where you're receiving your information. On foundational topics, you're likely to be hearing the same thing from all sources: Yes, blockchain is based on math, and its strength comes from its resilience and ability to create digital scarcity. But as you begin looking into investment advice, remember that selling the advice has always been more profitable than following said advice. There's an entire industry dedicated to taking the money of the non-secure and providing them with a feeling of security. Security is earned, not purchased.

As Seneca once said, "If you are looking on anyone as a friend when you do not trust him as you trust yourself, you are making a grave mistake and have failed to grasp sufficiently the full force of true friendship." Only you get to determine what type of information to consume and from whom. What is best for all is rarely what is best for you. Because of the nature of "personalized" learning, finding and making friends in crypto is crucial for ongoing growth and development as the space is growing at a speed that can be difficult to grasp, let alone understand. Learning from random YouTube videos or Reddit threads is a great place to start, but meeting people with similar goals and contexts grants you "personalized" information aimed towards your particular situation. You of all people should know that wearing a larger shoe than your own rarely provides you any benefit.

I can hear you now, "where do I even find these people?", well, the same place "normal" people are found too. Discord does not have to be an app you use to chat with friends and have voice chat between games. Discord can be an effective networking tool in the age of anonymity and remote work. Crypto projects have quickly adopted Discord to promote ongoing discussion, decision-making, and community building. This has opened up the potential for relative newcomers like yourself to get immersed in a community you're interested in and utilize skills you have in a way you could have never imagined. Your thoughts, ideas, and skills can become your greatest asset as long as you allow them to be. Your money is just a tiny fraction of what you have to provide to the space.

If you're putting positive energy in the space, you'll be quickly greeted with open arms. A good friend with whom you can discuss ideas and strategies intelligently will be worth his weight in ETH. A good man learns from his mistakes. A great man learns from others' mistakes. Finding people genuinely interested in crypto for the long term will become a wealth of information and warnings for you. I've made my fair share of mistakes when I began and I'll surely make more mistakes till I stop. You will too, but I do urge you to take the greater route. It will take more effort on your part, but you will make significantly fewer mistakes, and your wallet will thank you.

Regardless of which projects, I look forward to seeing all that you contribute. I do not worry that you will find a group of focused friends who'll help you succeed in this space. Take your time to pick your friends wisely and you'll be paid in dividends. Keep your mind open and don't be afraid to ask questions. After all, all great ideas start with a "what if?".

Regards,
FoundTheWei

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