Tweets

@boramalper 👋 someone mentioned your Magnetico project here: #32728233" rel="noopener noreferrer">https://news.ycombinator.com/item?id=32727470#32728233

I'm curious about your thoughts on "decentralized discoverability;" do you think the Magnetico model could be used in other areas? (Other search engines, content indexes, etc.)

@petecodes Haha.

“When the water’s good, get out and enjoy it.”

@tannerhelps This is very early thinking (is it ok to tweet if you don’t have everything figured out? 😅).

With p2p torrent networks, the discovery happened in a variety of clients. You would connect to a handful of distributed indexes, which would surface the best torrents.

@iamtomelliot It was decentralized in the sense that anybody could mirror an existing index (and if it was good, people would hear about it).

https://twitter.com/mijustin/status/1566827075860066305

@johnspurlock @tomrossi7 @lcjury @PodcastindexOrg YES! 🙌

@alisonkinseym Looks like this post isn’t available anymore.

@SSandds @noahwbragg Yes, but the equivalent of crypto isn’t “ponzi stocks,” it’s other currencies.

@SSandds @noahwbragg But isn’t that volatility exacerbated with crypto?

In web3, we’ve seen how a single tweet can dramatically change the price/demand for a specific coin.

Also, in this latest financial crisis, we’ve seen that crypto is incredibly volatile.

@noahwbragg What “things” are we talking about?

Like, what product/service would I need to use these protocols in?

@SSandds @noahwbragg But, in practice, it’s not clear that crypto is actually better for those people.

https://www.nytimes.com/2022/08/20/world/americas/argentina-cryptocurrency-value.html?smid=nytcore-ios-share&referringSource=articleShare

@noahwbragg Why would most people need “unlimited” access?

@noahwbragg @arbitrum All of these layers in crypto feel incredibly complicated (and seem to repeatedly fail).

https://www.reddit.com/r/Buttcoin/comments/wvekc9/aaaand_reddits_new_arbitrum_bridge_is_already/

RT @mijustin: What I’m railing against is the idea of writing long, benefit-driven copy, as opposed to specifically telling me what your ap…

@philipyoungg As soon as I was out of “desperation mode” I found “not sweating the small stuff” helpful (even when I wasn’t making as much money).

What’s interesting is the scarcity mindset can continue even once you have more money.

@mikevardy YES 🎯

@JessePoteet 🥰

@ow Yeah, especially if you go up north (Prince George) the experience is a lot worse (no Superchargers).

@taragentile Oh nooooooo!

@JamesCridland Yikes! Do people just forget what they've said online?

@jay_yow07 @PodcastMovement @tedhosmann @MbyM @HatchEdits Next time!

(Or come skiing at @revelstokemtn or @SilverStarMR)

RT @Tsukio_scoring: If your struggling on the startup hill and wondering “why am I doing this?” Listen to the latest @buildyoursaas (part 2…

@jayclouse 🥰

@JacentJackson 👋 nice to meet you today.

@evoterra Looking forward to meeting you!

(My plane is just leaving Denver for Dallas now. Wish me luck! 🤞)

@Maxrocket_ @Penn Being the founder of a successful indie SaaS was the best option available to me for maximizing:

1. Freedom
2. Autonomy
3. Purpose
4. Earnings

@sarangrewal @PodcastMovement Usually this airport is amazing (small, easy to navigate, chill).

But it’s way more busy today.

@theleviallen That’s the thing about “one bag travel.”

It’s a good way to go, but you gotta fight for those overhead bins!

cc @chasewreeves

@ClaytonRowney @PodcastMovement Yeah. It’s wild. I’ve never seen it this busy.

@brechtify Congrats on the exit! 🥳

Awesome achievement for you and your family. 🙌

@randombytes2 @intilektual Research on comparing happiness across countries has also been done.

https://twitter.com/mijustin/status/1561068759854354432

@randombytes2 @intilektual Empirically, yes: increases in income ("money that a person receives in exchange for their labor or products") correlate to increased happiness.

Anecdotally (for you) it seems this isn't the case.

(although a longitudinal study [next 10-20 years] on you might prove different)

@michaelkoper @randombytes2 @intilektual A study by "economists Betsey Stevenson and Justin Wolfers comparing happiness across countries, across several different surveys, has found that there's no satiation point."

https://www.vox.com/2015/6/20/8815813/orange-is-the-new-black-piper-chapman-happiness-study

@randombytes2 @intilektual My tweet is specifically for employed (or self-employed) people who earn an annual income.

I can’t speak to those who are retired, not working, etc.

@markjaquith @Penn Well, just look at my replies. Lots of people arguing with me about this one! 😅

@tannerhelps Yes. And the most recent @penn research is even more telling. https://twitter.com/mijustin/status/1561033467701239810

@randombytes2 @intilektual You can find the sampling method in the paper:

I’m specifically speaking to annual income.

I agree that large windfalls (lottery, inheritance, selling a startup) may not produce the same effect.

RT @mijustin: @randombytes2 @intilektual Most people aren’t millionaires.

The median income in Canada and USA ~65k.

Research shows that p…

@CryptoDonkey411 @SahilBloom Looking at the research again, I'm not sure the "diminishing returns" theory holds true:

https://twitter.com/mijustin/status/1561033467701239810

@anasfrh But @penn research has found that "larger incomes were associated with significantly higher levels of all positive feelings and significantly lower levels of all negative feelings."

https://www.pnas.org/doi/full/10.1073/pnas.2016976118

@ScottTruhlar @Colinismblog If you're talking about marginal utility, "utility is the satisfaction or benefit derived by consuming a product."

It was originally formulated around consumption, not holding wealth (or earning income).

https://en.wikipedia.org/wiki/Marginal_utility

@ScottTruhlar @chuck_daniels_ Look at @penn's more recent study:

"Results showed that larger incomes were associated with significantly higher levels of all positive feelings and significantly lower levels of all negative feelings."

https://www.pnas.org/doi/full/10.1073/pnas.2016976118

@ScottTruhlar @tidbit_giant Subsequent research from @penn contradicts what you're saying here.

They found that: "Larger incomes were robustly associated with both greater experienced well-being and greater evaluative well-being."

https://www.pnas.org/doi/full/10.1073/pnas.2016976118

@ScottTruhlar @Colinismblog Doesn't the theory of marginal utility have more to do with "risk aversion" than "the level of income one might live at comfortably?"

https://escholarship.org/uc/item/61d7b4pg

@markstansbury Yup. The trope is overly simplistic in a variety of ways:

$75k in 2010 ≠ $75k in 2022
$75k NYC ≠ $75k in Boise, ID
$75k for family of 1 ≠ $75k family of 4

@zendaimyo It's from a 2010, oft-misrepresented study.

https://twitter.com/mijustin/status/1560696771633823749

@p_millerd Yes. There are definitely other variables here.

I believe that "earning more + autonomy + purpose" is the winning combination.

https://twitter.com/mijustin/status/1334278732450680834

@arvidkahl Congrats! 🎉

@thecaseygould Exactly this!

I was only really able to take care of my mental health (depression, anxiety, etc) once I had financial margin in my life.

Otherwise, surviving always trumped my health.

@shawnfrompdx Exactly. The trope is silly on a number of fronts:

$75k in 2010 ≠ $75k in 2022
$75k NYC ≠ $75k in Boise, ID
$75k for family of 1 ≠ $75k family of 4

@arvidkahl Yes!

Meeting interesting people in high-leverage fields is especially potent.

@KostjaPalovic YES! Same here. It's incredibly freeing.

@typeoneerror 💯

@TophatQuest how’s the game progress coming? I imagine it’s a lot of work for a solo game dev!

@KateBour @TransistorFM Thanks! ❤️

@DrJanisModeste @TransistorFM Thanks! Glad you like it! 🙌

@chadkoh Was this recorded with a gimbal? Looks great!

@meigs I’m a big fan.

@MichLovesMoney @PodcastMovement @TransistorFM Nice! Just read it. 👍

Are you going again this year?

@jar_roger It’s been hot (although not as bad last year!)

@alphacolin Is the food culture coming back to Portland?

I heard it really got decimated.

@iamjz @TransistorFM @jonbuda Thank you!

@mathieulesniak @TransistorFM @jonbuda Thanks!

RT @damengchen: Bootstrapper stories like this one keep me motivated!

@viraj071 Thanks for sharing it!

Also, if you could upvote that discussion on PH, it will help more people find it. Thanks! 👍

@harsh_vardhhan @TransistorFM @jonbuda yup. That's key!

@RichHickson @TransistorFM @jonbuda Thanks!

@MbyM 💯

@theDanielJLewis @TransistorFM @earthlingworks Thanks!

RT @riteshchopra: Watched a great talk by @mijustin at @MicroConf 2018.
https://www.youtube.com/watch?v=TnWo6ex1C4E&t=1287s

He lists down some great discovery questi…

@DustinLeblanc @KeioStudiolab @notjustbikes Yeah, that’s a really good channel.

This one is good too:

https://youtu.be/wfm2xCKOCNk

RT @molly0xFFF: i feel a lot of empathy for the people writing letters to celsius, but... fuck this guy

@PiercePress @jonbuda @TransistorFM @buildyoursaas Software as a Service 👍

@phuctm97 Love this question.

@AjitKale007 We have 20,000+ podcasts on the platform, but customers paying $19/month can have multiple podcasts on their account.

@AjitKale007 Transistor's ARR is lower than $5M.

@swyx @TransistorFM How are you evaluating links that “do better;” clicks?

@swyx @TransistorFM What do you mean by “terrible twitter juju?”

@swyx That’s an interesting idea! I’ll share it with the team at @TransistorFM 👍

@dmathewwws @TransistorFM Thanks! People seem to really love it so far. 🥰

@philalves_ Love it! 🙌

RT @mijustin: Many SaaS for SMBs and makers experienced this phenomenon:

COVID “pulled forward” demand, and gave us a big revenue bump.

B…

@mattragland It’s so true.

@sridatta @iamwil Awesome! 🙌

@dan_radin The "museums" item is interesting. What is it about the museum that stimulates creative thinking for you?

RT @mijustin: Who’s started a podcast recently?

Reply to this tweet with a link to your show (and a brief description) so we can all check…

@automationtown Just listened to the trailer and loved it!

https://share.transistor.fm/s/9e7bb75d

The editing, production, and pacing = so good.

Adding this to my Overcast queue now. 👍

RT @mijustin: The most significant action you can take in your career/entrepreneurial journey is to make micro-investments in yourself alon…

@asmartbear Yes. It feels like the question is:

“Is the size of this bet (money, stress, time, opportunity cost) worth it for the potential upside + likelihood of that upside?”

When I opened my retail shop the min. investment was $100k and lots of stress (potential upside not worth it).

@earthlingworks @michaelkoper Wireframing was already established before Balsamiq was founded in 2008 (the term was used as early as 1993-94).

Before Balsamiq folks were using Photoshop, Powerpoint, InDesign, Illustrator, and Fireworks.

https://www.uxmatters.com/mt/archives/2007/01/wireframing-with-indesign-and-illustrator.php

@earthlingworks I'm not convinced that any of them invented a truly novel category.

Most had existing competition (often larger, enterprise software). Many people were already searching for an "SMB version of X".

People were already familiar with the use case.

They built on existing momentum.

@earthlingworks Hold up.

Hiten with Kissmetrics? Web analytics wasn't new in 2008. Most folks were switching from GA to Kissmetrics; it was an improvement, not a new category.

(And there were other new startups in the category before KISSmetrics, like NuConomy in 2006).

@earthlingworks Which founders do we know (personally) who invented a truly novel category?

@RamliJohn WHOOOOOO!

Congrats! 🎉

RT @mijustin: Most success in business is the culmination of many small actions, over time.

Don’t invest everything in one big action (“a…

@_Alex_Adamov Yup.

@DylanWilson80 "For Tesla, the fair market value of its bitcoin holdings reached $2.48 billion in the first quarter of 2021."

They lost a lot more than 7.4%.

Tesla's doing this out of desperation, getting cash so they can ride out the recession.

Nobody there is happy that they lost any $

@alwxtwi Upvoted!

RT @joshtab_: If you're in your 40s, 50s, or 60s, it's not too late to build a startup!

@mijustin explains in his new post:

https://t.c…

@SachaGreif 👀😧