{"id":11687,"date":"2018-01-19T12:53:20","date_gmt":"2018-01-19T16:53:20","guid":{"rendered":"https:\/\/www.duck9.com\/?p=11687"},"modified":"2018-01-19T13:02:12","modified_gmt":"2018-01-19T17:02:12","slug":"shitcoin-turnaround","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/shitcoin-turnaround\/","title":{"rendered":"Shitcoin Turnaround"},"content":{"rendered":"
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<\/span><\/td>\nVladislav Ginzburg (@Uncrypt_Vlad<\/a>)<\/b><\/td>\n<\/tr>\n
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1\/16\/18, 12:58 PM<\/font><\/a><\/div>\n
#shitcointurnaround<\/a>\u00a0is the best phrase I’ve heard at\u00a0#WCEF2018<\/a>\u00a0so far. Coined by\u00a0@LarryChiang<\/a>\u00a0twitter.com\/LarryChiang\/st\u2026<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/span>By Larry Chiang<\/span><\/div>\n

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Crappy tokens. There are quite a few! But this post is not to heap on judgement nor restate conditions about ICOs and existing alt Coins. It\u2019s about\u00a0#shitcoinTurnaround<\/a>\u00a0because most will fold but some will focus.\u00a0<\/font>This focused post seeks to help clarify my business recipe, \u201c#shitcoinTurnaround\u201d, and helps explain my role in crypto with its foundation in FinTech and underpinnings at Duck9, my FICO prep company.<\/div>\n
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<\/span><\/td>\nDickie Duck9 Mascot (@duck9<\/a>)<\/b><\/td>\n<\/tr>\n
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1\/16\/18, 2:04 PM<\/font><\/a><\/div>\n
#shitcoinTurnaround<\/a>. It’s like turning around a FICO score.\u00a0twitter.com\/uncrypt_vlad\/s\u2026<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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#shitcoinTurnaround<\/a>\u00a0has the pattern of<\/font>\u00a0a geometry theorem that gets derived like the simplest Merkle tree that even a kindergartener can do…, instead of encryption code breaking…, I am doing the opposite and breaking down<\/div>\n
\u2014 how I do\u00a0#shitcoinTurnaround<\/a>s and\u00a0<\/font>\u2014 what to pay attention to and<\/div>\n
\u2014 how things will pan out (sextuple Entendre, intended) for pooh tokens.<\/div>\n
This business recipe that I seek to breakdown for you into a transparent protocol (open source) via this blog post is effen genius. Fortunately and I nfortunately, this is not my genius…, it is the genius of my DJ\u2019ing 5 mentors. I repeat, this is five mentors life\u2019s work discjockey\u2019d.<\/div>\n
I will be citing and sourcing five mentors. Because of their life\u2019s work, this took me about an hour to write and catalyzed over $5,000,000++ in unrealized cap gains*. My five mentors do business turnarounds.<\/div>\n
TL; DR,\u00a0#shitcoinTurnaround<\/a>.\u00a0<\/font>-1- getting a test met up and going<\/div>\n
-2- hamster-wheeling the back end by doing a couple of API calls to get faux functionality. Fake functionality puts you at 99.9% of the bell curve like my crypto fueled dimples<\/div>\n
[insert dimple pic HERE]<\/div>\n
-3- adhering to regulatory compliance by clearly establishing utility token functionality. The SEC never cracks down on Cheesecake Factory preselling our giftcards with a slice of cheesecake \u201cpremium\u201d. What I mean is that Cheesecake Factory gives u a slice for buying one $25 giftcard. Technically, that\u2019s a security if you sell it versus eating it<\/i><\/b>.<\/div>\n
-4- you cannot make 2, 10 net 30 illegal. 2% discount if invoice is paid in 10 days; 0% discount if paid in 30 days. Late payment for 120 days.<\/div>\n
-5- \u00a0yellow box programming. Get it!? 2-5 yellow dudes*** in a box called my Palo Alto cubicle. Coding.<\/div>\n
***yellow is all people. All genders. All variables, varieties and orientalizations.<\/div>\n
-6- 2-5 CS majors is called #csMajorCMO<\/div>\n
-6a- we all code. We all promote.<\/div>\n
-6b- we all code. We all sell at a real world event like the SuperBowl, New York fashion week, the South By South Lawn music and Interactive Festival by Barack Obama with Larry Chiang. If it sounds like SXSW, my friend who Went to HLS, Changed one letrrr and hosted the party on the lawn of his house. Get it!? SXSLawn.<\/div>\n
-6c- we all code and we all distribute. For example at a #tokenSummit or at the Marriott for consensys, we distributed<\/div>\n
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Karen Hsu, Stanford Engineering, Bill Tai UIUC Engineering and Mo Senku at Stanford Blockchain at Knight.\u00a0<\/span><\/div>\n

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FTC Disclosure: I used to teach at Stanford Engineering and financially benefit when the business school hosts events, conferences and workshop for Bitcoin.\u00a0<\/span><\/div>\n

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-6d- we four all code and we all do mentorship based distribution separately but sometimes together.\u00a0<\/span><\/div>\n

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\u00a0For example at a #tokenSummit or at the Marriott for consensys, we distributed<\/span><\/div>\n
\u00a0<\/span>#shitcoinTurnaround<\/a><\/span>\u00a0is\u00a0<\/span>value added pumping and HODLing<\/div>\n
Bibliography de la\u00a0#shitcoinTurnaround<\/a>\u00a0<\/font>Marty Pichison. He\u2019s the undertaker of Silicon Valley. If 1st Republic, Silicon Valley Bank or Avid push a startup that did debt financing into BK (bankruptcy), Marty Pichison is their first call. The run protocol #cs183abc. ABC of course is Assignment for Benefit of Creditors. It\u2019s chap19 strait from VC Brad Feld. CS183 of course, is the startup class Peter Thiel taught. Going \u201cfrom zero to one\u201d means you\u2019re sometimes stuck at zero. And go Bk.\u00a0<\/span><\/div>\n
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Mark McCormack. Yale Law school grad. He takes money losing or money making \u201cfranchises\u201d and \u2018doubles, you\u2019. Get it, *W* doubles, you dubya. He edited the franchise Golf and solo-founded \u201cSenior Golf Tour\u201d<\/span><\/div>\n
– same employees, slightly older<\/span><\/div>\n
– same distribution (tv)<\/span><\/div>\n
– same costs but lower<\/span><\/div>\n
– same venue (golf courses)<\/div>\n
– cheaper employees because Arnold Palmer was retired. And then unretired. But wayyyy cheaper<\/div>\n

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Gerri Detweiler. Took bad FICO credit score people and turned them around. Read her book, Ultimate Credit Handbook. I used that book as an engineer to turnaround 36,000,000 social security numbers that used to be associated with low credit score. And made them 800.\u00a0<\/span><\/div>\n

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Paris Hilton<\/b><\/span>. Notorious and surprisingly great disc jockey. She takes existing songs and mashes them together. Ibiza!! She gets paid a million and I don\u2019t think she makes up new music. She DJs. Her father did the same with turd hotel properties that were mismanaged and low revenue. Hilton made them high revenue and every room\u2019s arbitrage and turnaround really added up. Hilton is a top 200 hotel brand.\u00a0<\/span><\/div>\n

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SEC DISCLOSURE: I may or may not have made out with her in either case, I financially benefit from her genius.\u00a0<\/span><\/div>\n

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Andrew Mason.<\/b><\/span> Groupon is a turnaround of thePointe. The Point was a fundraising effort to put a dome over Chicago. If 1,500,000,000 wasn\u2019t successfully raised, Deal was off. So, he did a Chicago restaurant and lowered the bar to 199 couponers. If 199 people buy the 50% off deal for deep dish pizza… GROUPON DEAL GO TIME.\u00a0<\/span><\/div>\n

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Polish Up Your Turds and get super rich\u00a0<\/span><\/div>\n
Slide is courtesy, y-combinator. It\u2019s a top 20 business accelerator that boosts startup de la tech.<\/div>\n

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Brad Feld via <\/span>startup Boards<\/u><\/span>. Chap19<\/span><\/div>\n<\/div>\n

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Based on how much turd everyone is seeing, I keep thinking of my five mentors. You see there are so many\u00a0<\/span>#shitcointurnaround<\/font><\/a>
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Whether you judge, analyze or underwrite ICOs, there is a lot of truly large turd being trial ballooned.\u00a0<\/span>
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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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1\/17\/18, 8:37 AM<\/font><\/a><\/div>\n
This answers the\u00a0@arrington<\/a>\u00a0question, “what’s your side hustle here at\u00a0#WCEF2018<\/a>\u00a0#ShitCoinTurnaround<\/a>\u00a0relates to\u00a0@markymark<\/a>\u00a0techcrunch.com\/2012\/01\/22\/pos\u2026<\/a><\/p>\n

And this
\nduck9.com\/blog\/deep-unde\u2026<\/a>\u00a0pic.twitter.com\/Mk55lUaXwK<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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1\/18\/18, 12:12 PM<\/font><\/a><\/div>\n
@500Startups<\/a>\u00a0It\u2019s true imma certified supermodel that took the time to document chain of (my hawtness) custody & open sourced it on Twttr…, so pay attention when I derive a theorem that\u00a0@mengyaoxi<\/a>\u00a0wiped out on purpose like Anna at\u00a0#NYFW<\/a>!\u00a0#ShitCoinTurnaround<\/a>
\n#PayPalMe12bucks<\/a>\u00a0pic.twitter.com\/Pbz197ZpRw<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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1\/18\/18, 12:12 PM<\/font><\/a><\/div>\n
@500Startups<\/a>\u00a0It\u2019s true imma certified supermodel that took the time to document chain of (my hawtness) custody & open sourced it on Twttr…, so pay attention when I derive a theorem that\u00a0@mengyaoxi<\/a>\u00a0wiped out on purpose like Anna at\u00a0#NYFW<\/a>!\u00a0#ShitCoinTurnaround<\/a>
\n#PayPalMe12bucks<\/a>\u00a0pic.twitter.com\/Pbz197ZpRw<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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Vladislav Ginzburg (@Uncrypt_Vlad) 1\/16\/18, 12:58 PM #shitcointurnaround\u00a0is the best phrase I’ve heard at\u00a0#WCEF2018\u00a0so far. Coined by\u00a0@LarryChiang\u00a0twitter.com\/LarryChiang\/st\u2026 By Larry Chiang Crappy tokens. There are quite a few! But this post is not to heap on judgement nor restate conditions about ICOs and existing alt Coins. It\u2019s about\u00a0#shitcoinTurnaround\u00a0because most will fold but some will focus.\u00a0This focused post […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[],"class_list":["post-11687","post","type-post","status-publish","format-standard","hentry","category-deep-underground-coin-knowledge-via-protocols"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/11687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=11687"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/11687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=11687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=11687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=11687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}