Naval Ravikant & Akira The Don Talk About Everything

Key Takeaways

  • We’re living in the golden age of art. Anyone can create art at any time in a near infinite number of mediums.
    • “There’s probably more amazing art being created today than at any other point in history” – Naval Ravikant  
  • If you want your content to last, you need to cover evergreen topics
    • “If you’re building a following based on politics or journalism or timely things, you’re renting out your time…But if you’re creating timeless content, then you have compounding principles” – Naval Ravikant
  • “If you’re getting a degree in social science, I’m sorry to tell you that you’re just getting a degree in politics which is probably a pretty worthless degree” Naval Ravikant
    • The natural sciences take their feedback from reality whereas the social sciences take their feedback from society so it’s basically politics in disguise
  • “Bitcoin is the experiment to create unstoppable money” Naval Ravikant
    • Ethereum is the experiment to create unstoppable applications 
  • “Any society that has a blockchain-enabled internet will be decades ahead of one that doesn’t” – Naval Ravikant
  • “The internet is destroying institutions and replacing them with individuals” –  Naval Ravikant
  • “Ungratefulness comes from overlooking what you already have to focus on what you don’t have”Naval Ravikant

Intro   

Books Mentioned

The Golden Age of Art

  • One form of leverage is having people create content out of your content–they spread your work without you having to do any extra work.
  • We’re living in the golden age of art. Anyone can create art at any time in a near-infinite number of mediums.
    • “There’s probably more amazing art being created today than at any other point in history” – Naval Ravikant 
      • The only downside is that because so much art is being created now than ever before, it’s harder to find the signal in the noise

Creating Content & Thoughts on Twitter

  • If you want your content to last, you need to cover evergreen topics
  • If you’re a news journalist that talks about politics, you need to constantly cover current events to maintain people’s attention
    • If you’re building a following based on politics or journalism or timely things, you’re renting out your time…But if you’re creating timeless content, then you have compounding principles” – Naval Ravikant
  • Naval’s favorite Twitter account is @AmuseChimp
    • He’s also a fan of @morganhousel
      • Naval says Twitter trending topics is utter trash and to avoid it
  • Naval believes that Twitter has the most powerful network effects of any social media platform
  • If you want to write a great Twitter thread, make each tweet strong enough to stand on its own

Wise Quotes From Naval

  • “Inspiration is perishable, act on it immediately.” Naval Ravikant
  • “If you’re getting a degree in social science, I’m sorry to tell you that you’re just getting a degree in politics which is probably a pretty worthless degree” Naval Ravikant
    • The natural sciences take their feedback from reality whereas the social sciences take their feedback from society so it’s basically politics in disguise
  • “Bitcoin is the experiment to create unstoppable money” Naval Ravikant
    • Ethereum is the experiment to create unstoppable applications 
  • “Any society that has a blockchain-enabled internet will be decades ahead of one that doesn’t” – Naval Ravikant
  • “The group will operate through consensus, the consensus will be set by the most intolerable minority. So you’ll have an intolerable minority who will control the group.” – Naval Ravikant
  • “If you don’t actively choose your religion, one will be assigned to you” Naval Ravikant
  • “The modern devil is cheap dopamine” – Naval Ravikant
    • Be careful of social media, porn, alcohol, drugs, and other sources of dopamine that are harmful

The 1st & 2nd Amendment

  • Naval is a big supporter of freedom of speech because he doesn’t want the government or some dictator telling people what they can or cannot say
    • Be intolerant of people who try to suppress speech. They want to control your words so that they can influence your thoughts and actions.
  • Naval support the 2nd Amendment not because he loves guns, but because he understands how a government can become a dictatorship if its citizens are disarmed and don’t have a way to fight back if needed
    • At the end of the day, the possibility of violence is what keeps everyone in check
  • Freedom of speech and science are currently under attack and if this trend continues, the US could enter stagnation 
    • Freedom of speech, freedom to move around, and the freedom to start new things are what make America such a special place and one reason why so many people immigrate to the US

Individuals > Institutions

  • “The internet is destroying institutions and replacing them with individuals” –  Naval Ravikant
    • The internet has exposed of unnecessary a lot of gatekeepers were and customers are going start to the source for the products or services they need
  • In journalism, you’re seeing the best journalists start their own newsletter (like on Substack) because they can make more money by sharing articles directly with readers
    • Thus, the journalists who can’t make it on their own will stay with a publication which means that over time, those publications will lose their quality and readers will shift to supporting great independent journalists
  • Many gatekeepers in life are unnecessary. Instead of talking to a journalist that will write about Naval, he will just share his thoughts on Twitter directly with his fans.
  • People no longer need gatekeepers for distribution. Creators can reach a global audience by sharing their work online.

A New Social Media Platform

  • It’s only a matter of time until a social media platform is built using blockchain and is superior to existing platforms. Why?
    • Blockchain has built-in payments so you can support your favorite creators
    • Blockchain allows creators to have a direct relationship with followers that they own
    • Blockchain provides permissionless programmability that’s open-source and anyone can remix
    • Blockchain will have peer governance where you can choose among a distributed group of editors
  • The ultimate monopolists are Apple and Google because they get to choose what apps can or cannot exist in their app stores  
    • Naval views the moderators and censors at these companies as the biggest threats to a free society

Truth & Happiness

  • “Truth is the basis for a happy life” Naval Ravikant
    • If you’re living a life where you aren’t true to yourself, deep down you’ll know it and it will cause you to be unhappy
  • “Ungratefulness comes from overlooking what you already have to focus on what you don’t have”Naval Ravikant
  • Pessimism makes you miserable and may send you on a journey to solve problems that don’t really exist 

Akira The Don : , , , , , ,
Notes By Alex Wiec

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