Looking back at 2021 vs predicting 2022 🔬🔭Web3 - Changing mindset - Pushing harder - Making more friends - Ray Dalio's predictions
“The times ahead will be radically different from those we experienced in our lifetimes”.
Episode #41. Which team are you in? Do you prefer reflecting on the past or looking ahead. If you are constantly moving the cursor between both, it is probably a good thing. Personally, I enjoy this time of year to ask myself questions like “Where was I a year ago? What were my goals (personally and professionally)? Do I feel I achieved these goals?”. The Timestamp brings you insightful takeaways from its VIP Club of curators.
Tech : Is web3 and Crypto still a 2021 topic or is it here to stay in 2022?
Well being : Changing mindset for 2022
Introspecting : Should you push yourself harder in 2022
Relationships : Making more friends in 2022
Prospective : Ray Dalio’s brilliant mind sharing his 2022 predictions👇
#1 Web3 now or later?
From Crypto Design Challenges by Paul Stamatiou on November 24, 2021. This article was shared by Oliver Desmoulin cofounder of the Cappuccino App. Read the key takeaways and an analysis by Antoine Bonavita a Web3 early adopter at Wall Burners.
I remember web usage of the Internet progressively became mainstream during the 90ies. Looking at web3, it is interesting to see how its adoption rate in 2021 is equivalent as the adoption rate of Internet in 1998 👇.
The author of this article claims that crypto and web3 are still not designed for trust. Web3 is not user friendly at all today. Lots of improvements will have to come to make it much easier for onboarding web3 newcomers; lots of training on web3 is still needed so that it becomes widely adopted by billions of people.
For example, the wallet is probably named in a misleading way as it refers to many more things like your identity.
Then, according to one of friends Antoine, this article probably focusing way too much on UX challenges in web3. “There are some problems about the web3 infrastructure which are probably more profound”.
“The real question about web3 is probably the topic of trust in a new virtual world that is fully decentralized. This article mentions it briefly, but it will probably take long to crack”.
#2 Changing Mindset
From a podcast interview of Paul Rabil, Confidence and Competition by The Knowledge Podcast (Shane Parrish) published on November 30, 2021.
We tend to believe that successful people fail less. This is actually the opposite. The audacity to try more even after you fail several times will make your success.
Changing league and increasing targets means you are ready to adopt a reset attitude. You can be the leader in a league and you may become last in a new (superior) league getting to the next level.
Michael Jordan is probably the best sports athletes we have ever had. He had a competitive mindset 24/7. He managed to win 6 NBA titles being the MVP each and every time.
Taking care of your mental health starts by taking care of your body.
#3 Pushing harder
From How hard should I push myself? written by Dan Shipper and published in the newsletter SuperOrganizers on January, 21 2021.
We have more ability to adapt to stress than we think. We are often successful when we push beyond and we deliver outstandingly.
There is always a thin line between getting exhausted and outstanding success.
It is essential to differentiate between bad and good stress. We also have to learn how to cope with stress in general.
Stress is mainly an ability to anticipate danger.
When there is too much anticipation of stress -because humans have a capacity to stress for dangers that are very far away- this can cause negative effects on your body. The effects of stress become more negative than the danger itself.
In other words, “the stress response can become more dangerous than the stressor itself”.
We can see stress as a tool. At a low dosage, it is good. When having too much stress, it is bad.
We are not equal in front of stress. In similar situations, some will stress more than others so what are the solutions?
Increase your sense of control and master predictability: for example, when you see CEOs keeping their calendar clear and not answering phone calls, this is a trick to stay in control.
Create outlets for frustration, sports, reading or playing the music at a set cadence in a week will help you.
Increase social support: “Creating a vibrant sense of social support can put an unmanageable stressor into perspective and help keep it under control.”
#4 Making more friends
From The secret to making friends as an adult from a podcast interview (The Next Big Idea Club) of journalist Lydia Denworth, author of “Friendship: The Evolution, Biology, and Extraordinary Power of Life’s Fundamental Bond”. Published on November, 25th 2021 & curated by Patrick Kervern.
1- For a long time, evolutionary biology failed to make sense of friendship. then an evolutionary biologist named Robert Trivvers, who was at Harvard in the 1970s, developed the idea of “reciprocal altruism”, which is a foundation for how we think about friendship, and how we got to understanding that connecting with and being good to others might have a real benefit for the larger community.
2- Even during a pandemic, it’s really critical that friends be there for each other [… ] For instance, one of the critical pieces of friendship is showing up for each other, but maybe we have to show up from a distance. This is a time to embrace digital technology, especially because friendship and close social bonds improve our health. They literally improve our immune systems.
3- “If you volunteer for something about which you have a passion, you will automatically meet other people who share that passion. And that is a really great basis on which to build a friendship.”
4- We’re all a little bit afraid to make ourselves vulnerable. Inviting someone to come and do something with you when you’re trying to make a friend requires putting yourself out there a little bit.
5- There was a fascinating study in Chicago with commuters on the regional rail line. They forced some of the participants to talk to strangers on the commute, and others not to. And what they found was that even though nobody thought they wanted to do it, the ones who talked to strangers reported having a much more pleasant commute than they usually did.
6- What the researchers think was going on was this assumption that other people wouldn’t want to talk to you. So maybe we should approach making friends with a more generous assumption: that maybe people out there do want to talk to us, that maybe they are looking to make friends, too.
#5 Ray Dalio’s Predictions for 2022
From a podcast interview with Ray Dalio on Investing, Management, and the Changing World Order on Apple Podcast (Conversation with Tyler Cowen) published on December 15th, 2021 and curated by Patrick Kervern.
Legendary investor Ray Dalio, founder of Bridgewater, shares vision and lessons in Tyler Cowen podcast.
“The times ahead will be radically different from those we experienced in our lifetimes”.
5 big things happenings:
Money and credit : the debt economy with zero interest rates. Free Money overprinted that moves into a system. Inflationary pressures.
Polarisation. Large Internal conflicts : wealth gaps, poltical gaps, dynamic of left & right, capital flows resulting from those conflicts.
Rise of China great power.
Technology & inventiveness changes.
Acts of nature : climate, floods & pandemic.
Favorite quote : “We much prefer honest, thoughtful disagreeableness because we don’t want answers as much as we want reasoning, to examine the reasoning that leads to the answers.”
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