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One Day More!
Cue some Les Miserables merci
Just watch this with some good earphones and you will have a soundtrack for the uncertainty looming in the air tonight around the world.
I am bullish about the future because, if given choice, I always choose to be bullish. Just because I’m bullish about what tomorrow could bring, it doesn’t mean I don’t hear out the end of the world scenarios being whispered. It means I do all I can with my chess pieces and hope I made a good move and protected my pieces. Speaking of chess, I was taught this last month about this app that let you practice 2 moves to checkmate and I burn an hour a day using it.
If you follow me anywhere on social, you know I am in favor of defi and what a new system of money could bring us. Giddy has been doing what it promised, a non-custodial way to store your digital money. If the last year has taught us anything, it should be a clear lesson on what it means to be custodian of your money or to let others be the custodian. FTX and SVB are custodians. Bitcoin, Ethereum, Giddy, and several stable coins in a hard or soft wallet is like putting it under your mattress and it is in your control. The value may change, but the money/value is your’s and your’s to control.
So what are we to make of what is going down with banks right now? Well they hold your money. We trust them almost completely. The FDIC will insure $250k which has changed over the years and should probably be $1m.
So here I am reading comments on a post I just completed about all this mess on Linkedin when I get a text from Jason Garcia, telling me he is launching his product tomorrow. It’s basically the answer to what all the startups in the Convoi Ventures portfolio need right now. I was talking to Amelia Wilcox of Nivati, and tomorrow she is trying to spread her money across several banks and keep it under $250k at each. That’s annoying but might feel necessary at this time and there are no products I know of to do this easily…until I read this from Jason:
So if you want to get on the waitlist just hit up this link it might not be a solution by tomorrow, but it will be the right move as you look to spread your money across the most trusted banks. Whatever you end up doing, do it with conviction and try not to do it out of fear. Looks like there is some Sunday afternoon news saying Fed will help SVB an Signature so we are already seeing a little pre-Monday rally in futures and crypto.
There are a few more items of business I will share fast. My last email sent out was inviting you all to disco skate for the last event of UtahTechWeek. Well, on the way to that event, my 16 year old crashed my favorite car when the car in front of her, on the freeway, pulled their e-brake to avoid hitting the car in front of them. All is well, but it is totaled. I am currently working with Alex Lawerence and EVcars.com to figure out what my new electric ride will be.
In other news, Natalie is no longer with Dree nor are we affiliating with this company. Thanks for many of you that supported her and the company the last year and half.
Lastly, Our family is headed to Japan for 2 months and would love any detailed suggestions of things to do off the beaten path that we should not miss.
Here is a parting image I generated that sums up how I feel next week will go. Let’s be bullish as possible, it is good for the body and brain