{"id":11928,"date":"2018-09-05T17:56:14","date_gmt":"2018-09-05T21:56:14","guid":{"rendered":"https:\/\/www.duck9.com\/?p=11928"},"modified":"2018-09-08T20:11:04","modified_gmt":"2018-09-09T00:11:04","slug":"notes-on-pre-paid-api-calls","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/notes-on-pre-paid-api-calls\/","title":{"rendered":"Notes on Pre Paid API Calls"},"content":{"rendered":"
\n

Tokens: Inherently Incorporating Money into Every API Call. Can’t lie about statistics, all information is available on the ledger.<\/span><\/p>\n

Outdated Industries:<\/span><\/p>\n

\u2022 Credit card industry: Farcical system set up by a centralized system of experience. Ex. Equifax, TransUnion, etc…<\/span><\/p>\n

\u2022 Prohibiting email interactions with the credit bureaus\u2013\u2013have had to interact via the API of the U.S. postage stamp. Expensive\u2013\u2013$20 dollar “API call.”<\/span><\/p>\n

\u2022 They create friction so that you can’t triplicate Experian, Transunion, Equifax…<\/span><\/p>\n

Further Learning:<\/span><\/p>\n

Ryan E Shea and Muneeb Ali Medium blog posts.<\/span><\/p>\n

\u2022 How to underwrite a crypto token.\u00a0<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u25e6 Does the GitHub repository have code commits? Is there even code in the PDF? Does token have functionality? Is there anything real behind 65 pages of white paper? Pure copy paste?<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u25e6 #CS183UWCT<\/span><\/p>\n

\u2022 Why is the Fed Reserve owned by shareholders? Pres. of states appoints the head of the FED<\/span><\/p>\n

\u2022 Why is financial literacy not taught in schools?<\/span><\/p>\n

\u2022 Why does it cost money to shop for a car loan?<\/span><\/p>\n

\u2022 Why do you create $800,000 with a $400,000 loan. $400K goes into buying the house, $400K into notes.\u00a0<\/span><\/p>\n

\u2022 Avg. consumer stands little chance.\u00a0<\/span><\/p>\n

\u2022 Blockchain tech., tokenizations opens the door for consumers to ask tough questions regarding transparency.<\/span><\/p>\n

The Real Bubble<\/span><\/p>\n

\u2022 The real bubble isn’t ETH, BTC, etc… It is USD. Can be printed in masses, synthetically created. US currency has become the standard world reserve currency.\u00a0<\/span><\/p>\n

\u2022 USD is the alt coin.<\/span><\/p>\n

\u2022 People may start taking haircuts on Fiat because they have to pay taxes against BTC. USD could be easier way for them to pay taxes.\u00a0<\/span><\/p>\n

\u2022 Always consider everything in terms of Money in, Money out.<\/span><\/p>\n

\u2022 Schedule C.\u00a0<\/span><\/p>\n

\u2022 Money in Money out helps you be mindful of tax.<\/span><\/p>\n

\u2022 Will be easier to track ^ on the distributed ledger. Can pinpoint exactly what you were doing last summer, etc.<\/span><\/p>\n

\u2022 People are breaking the rules of house money in Crypto<\/span><\/p>\n

\u2022 Crypto turns some people into Vegas-like zombies; Gossipy VCs on how to make 30% returns in a month, etc…<\/span><\/p>\n

VC<\/span><\/p>\n

\u2022 VC wants to invest in a token because it’s the same idea of money in money out. Can help with shocks. — FICO score.<\/span><\/p>\n

Owning your day<\/span><\/p>\n

\u2022 Morning Pages; Julia Cameron<\/span><\/p>\n

\u2022 Find times to unplug<\/span><\/p>\n

\u2022 Optimal– wake to circadian rhythm.<\/span><\/p>\n

New Business Models<\/span><\/p>\n

\u2022 Doesn’t take money to make money<\/span><\/p>\n

\u2022 Arbitrage an API call.<\/span><\/p>\n

\u2022 Internet-of-thinging<\/span><\/p>\n

\u2022 Example of Arbitraging API Call:<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u25e6 Netflix viewing party – getting people to prepay their Netflix accounts. Akin to prepaid token.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u25e6 Surf API example:<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u2023<\/span> Equipment person trying to break into new market. Consumers pre-pay for the product. Create advocate users; viral sensationn. You should view user as an API call every time they take the board out on the weekend.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u2023<\/span> Youtube videos drive prepayments, sell ownership in the company (which is similar to a token launch)<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u2023<\/span> First adopters who ride; put on their Youtube channel, generate a viral sensation. = API Call to Youtube. Triggers 5 Youtube videos, snowball, network effect.<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\u2023<\/span> You are paying users to use, and virally tell people about it. Ex. paying a user $3 per API call.\u00a0<\/span><\/p>\n

Larry:<\/span><\/p>\n

\u2022 Interested in the space because it is the first time money can be incorporated into an API call. Before, people could lie about their API calls volume and use.<\/span><\/p>\n

\u2022 Token is an API call with a small dose of money attached. Can’t cheat it because it is a swap of info.<\/span><\/p>\n

Interesting quotes:<\/span><\/p>\n

\u2022 This is a religion wrapped up in a get-rich-quick scheme (Naval)<\/span><\/p>\n

\u2022 Potential business opportunity: write an algorithm that helps people in the future decide whether or not they should convert out of BTC, pay with dollar, etc..\u00a0<\/span><\/p>\n


\n<\/span><\/div>\n
Sent from my personal iPhone XIII number that Steve Jobs texted me on<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tokens: Inherently Incorporating Money into Every API Call. Can’t lie about statistics, all information is available on the ledger. Outdated Industries: \u2022 Credit card industry: Farcical system set up by a centralized system of experience. Ex. Equifax, TransUnion, etc… \u2022 Prohibiting email interactions with the credit bureaus\u2013\u2013have had to interact via the API of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11928","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/11928","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=11928"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/11928\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=11928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=11928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=11928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}