Young People, believe me, making As in school helps. But As are not the destinations. The real ultimate barometer for success is the processes you used to get the As. To make As, you must have had an A-lifestyle on managing your time and other things. Those are great signs that you can get things done since everyone desires to make an A. Yes, right there, you were able to get that A you had aimed at. 

How do you manage the small budget you have in school? Before the mobile phone era and fintech age, running out of money was basically leaving school to go back home to reload. What is the opportunity cost?

Do not diminish the process to an excellent grade. A is a letter but the process is a career-in-making. Statistically, if you follow the same principle you used to make A when you start work, you will likely succeed over someone who made Bs because his processes were sub-par. But note, someone can have a great process but end up with C. Magically, that C student will thrive in life; he failed the medical board exam but went on to build a great grocery chain business!

In summary,  we can find success in life irrespective of whatever letter grades we have, provided we use the best processes for those grades. The processes are universal while letter grades are not, and that is why as you develop, keep deepening your processes because those define success more.

A student with talent to make A but ends up with C may struggle in life  (unless he changes attitude) than one whose talent is best for E but ends up with D with superior processes and determination. Go for the A+ in your processes because processes are graded universally while letter grades are largely localized; your A+ with Mr Ben may be B with Ms Ken.

I wish you all A+ grade in your process; if you do it, this world will reward you. That student who attacked Calculus with absolute determination, perseverance and hardwork, but ended up with C will likely score A in something in life which may not be related with Calculus using those principles. Check, he may open a business and build it up because he scores A+ in the subjects of life success.

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Comment: Subject matter is well presented and delivered however, it is noteworthy that the difference between school and life is that processes in school is regimented and pre envisaged by curriculum developments while in life it is largely undefined, uncharted and collectively personal (collective due to communities, professionals and political). Thank you for your efforts in sharing practical knowledge Sir.

My Response: You are correct but the fundamental unit of any process at work, life and school is the same, just like a cell is the unit of life even though it gives tissues, organs and systems. There are deadlines at work. There are deadlines in school. If you break school and life to the basic unit, there is a convergence.  Go back to your university days, look at those students who slept when everyone was going to class. Check where they are today. If you do not believe in time in school and you take that attitude to “life”, it will give the same result.

But check those students in your class. They were not academically talented but they worked really harder than everyone. It is possible they employ many people today because that hardwork has been transferred to something even if the school path was challenging.

Those days in the bank, we used to give applicants 150 questions to answer in 25 minutes knowing NO HUMAN would complete it. During the grading, if you fail 2 consecutive questions, we stop there. What was being tested? Ability to be correct under severe pressure, not even if you can do those maths because they were REALLY EASY. But under that pressure, do you have the process to count N40 million naira and balance the ledger in hours and still be alert not to sign the bank away. That was the skill required for that bank job: speed and accuracy.

The real government did something yesterday – and the Bitcoin and crypto world rejoiced. Forget the illusion that Bitcoin is decentralized. If indeed it was that decentralized, the FTX collapse would not have triggered the massive value destruction. Being decentralized technically but centralized at exchanges should not confuse – a bird that flew from the ground only to perch on an ant hill is still very much on the ground.

Yes, the movement now is well correlated on how the US government handles what happens at the trading exchanges. Why? If the hodlers see actions, they will continue to believe. And the government drew the first sword yesterday, and that could be great for this sector!

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was arrested in the Bahamas on Monday, according to a press release from the Royal Bahamas Police Force. The note states that the arrest came after US authorities filed criminal charges against Bankman-Fried. Now it is expected that the businessman will soon be extradited to the US, his home country.

The arrest of the founder of FTX took place at the request of the US authorities; the expectation is that SBF will return to the US to be tried for the possible crimes he committed.

Bahamian Attorney, General Ryan Pinder said the United States has filed unspecified criminal charges against Bankman-Fried and “will likely seek his extradition.” This was made available via a Post on Twitter by SDNYNews. The full note on SBF’s arrest can be read below:

(As I have disclosed, I do not believe in hodling Bitcoin and cryptos. But I believe in using them as a means of payment, especially in places the normal payment system does not work seamlessly.)

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Comment 1: Where did some people get the notion that humans will always act in good faith, without laws and enforcement? Even with those constraints, people still misbehave, yet some expect them to behave better without ordinances! The moral quotient of most creatures roaming the face of the earth is nowhere near such level.

You can build a fortress, well fortified all round to prevent criminals from invading or plundering, but how about the criminals already living within the fortress? Internal threat is the most difficult to deal with, if humans don’t fail you, nothing else can.

Just few months ago, the man SBF was a mega billionaire, doling out money to politicians and charities, now he’s in detention, with more or less zero networth. Bonkers!

Time to redefine what it means to be wealthy or rich, these poor souls cannot continue to lay claim to being billionaires; they are too fickle to qualify as one.

Comment 2: I believe in crypto as a store of value. Just like any other asset, garri for example. 1 cup of garri is always equal to 1 cup of garri any day, anytime. That is to say, 1 BTC is always equal to 1 BTC anyday, anytime.

Volatility is present in the market price of any asset and how volatile depends on the risk and other prevailing factors.

What you are concerned about is the dollar price pair. Which isn’t what trully defines whether something is centralized or not.

NOBODY determines the price of Bitcoin. Its purely driven by the forces of demand and supply. You will agree with me that both internal and external factors influence the choice of demand/supply for any asset. That doesn’t mean centralization as participating traders or market makers are stimulated by the prevailing PESTEL factors surrounding their environment.

Technologically per say? BTC is decentralised

Fundamentally? BTC is decentralised

Commercially? Its arguable. But boils down to the distributed account and who controls the x% supply. BTC circulating supply is technically controlled by the miners/CEX custodial vaults.. not like they are killing the price as US govt is killing dollar with their stimulus and reliefs packages. No one prints BTC for free or whenever they like.

It’s an open market.. you can buy as much BTC as you want and push the price to a new ATH i.e if you have the adequate purchasing power to overcome the selling pressure. You don’t complain when others sell because they similarly bought from the market as well.

My Response: “NOBODY determines the price of Bitcoin. Its purely driven by the forces of demand and supply. ” The SEC determined it today by making it clear that it will enforce its laws on exchanges. Over the last 4 months, the FED determined the price when it pushed the interest rate high. If FED begins to reverse course, borrowing becomes cheaper and people will have funds to hodl. 

Everything which happens in Bitcoin is affected by the ease people get money or spend it (legally, commercially, technically, etc). If you regulate that process, people with $2 billion may be interested. Today, many of those pension funds, PEs, etc cannot trade on BTC because in their prospectus, they have “we only invest in regulated assets”. So with regulation, someone will determine the price of Bitcoin because it will bring big rainmakers into it. My point is this:  you use real money (Naira, USD, Euro, etc) to buy BTC and what happens to that real money will affect BTC.