<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[RSS Feed]]></title><description><![CDATA[RSS Feed]]></description><link>http://direct.ecency.com</link><image><url>http://direct.ecency.com/logo512.png</url><title>RSS Feed</title><link>http://direct.ecency.com</link></image><generator>RSS for Node</generator><lastBuildDate>Tue, 14 Apr 2026 22:48:04 GMT</lastBuildDate><atom:link href="http://direct.ecency.com/@pablo-lema/rss" rel="self" type="application/rss+xml"/><item><title><![CDATA[Thoughts on the Long Term Winner]]></title><description><![CDATA[Today we are going to discuss how the long term survivability of a prospective crypto asset is the single best indicator of its investment quality. We will also consider capital’s role in this model and]]></description><link>http://direct.ecency.com/technology/@pablo-lema/thoughts-on-the-long-term-winner</link><guid isPermaLink="true">http://direct.ecency.com/technology/@pablo-lema/thoughts-on-the-long-term-winner</guid><category><![CDATA[technology]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Sun, 16 Feb 2020 14:33:33 GMT</pubDate><enclosure url="https://images.ecency.com/p/qjrE4yyfw5pEPvDbJDzhdNXM7mjt1tbr2kM3X28F6SraZgwJBQkxGcz3F4d4WhjSsmdxZbt2P3tdYt3SuHN79jMUZwzj4sFcXufkiVFJJBF37XkrGmQaULxW?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Thinking in Systems]]></title><description><![CDATA[Thinking in systems is hard, particularly because humans are best at linear reasoning, “if this, then that.” Systems are much more complex, made up of intermingled relationships with varying feedback loops,]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/thinking-in-systems</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/thinking-in-systems</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Mon, 06 Jan 2020 21:59:36 GMT</pubDate><enclosure url="https://images.ecency.com/p/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iQSGcbzJvRgZUabo6VmDVQwW6cshnnGRXpmhAfNTV1vSytzDdYgAjzNDR2MhmzcBdVrdz7UyiF8?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Economic Over Technical Improvements]]></title><description><![CDATA[When considering the attributes of candidate cryptocurrencies, you should always prefer economic over technical improvements. The obvious example is Bitcoin, which over the years I have been active in]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/economic-over-technical-improvements</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/economic-over-technical-improvements</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Mon, 09 Dec 2019 05:09:00 GMT</pubDate><enclosure url="https://images.ecency.com/p/32FTXiZsHoAW6noHJDhrg3W8ZKHVFSsLYM859aTDCF8iErWKv7xzR213VLJYPzG9CUra1LchztK5vY3zrUMNwWjkkHC2Hatquu4Jk5tUDy9VgCfRGL2Z7cAyYkTEMomigAf3FbZsLMXu752n?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[The Value of Work]]></title><description><![CDATA[Let us consider “work” in a special sense, as the inputs that go into the maintenance (or in the digital sense) creation of an object such as a piece of software. Work requires one key ingredient, time.]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/the-value-of-work</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/the-value-of-work</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Thu, 12 Sep 2019 23:38:21 GMT</pubDate><enclosure url="https://images.ecency.com/p/qjrE4yyfw5pEPvDbJDzhdNXM7mjt1tbr2kM3X28F6SraZcf2vve47xGzXi4PPdBRKXgAZXUrMZnkzRwrdNzmE9bWGqTyhF8wsJCpsDoVEP2BTMLZXqHMadJN?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[A Narrative of Price Appreciation]]></title><description><![CDATA[A couple of years ago I ran into a dear friend who was preparing to launch a new crypto project, and he asked for my advice in helping it take off. In the end it fizzled and last I looked the project was]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/a-narrative-of-price-appreciation</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/a-narrative-of-price-appreciation</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Fri, 02 Aug 2019 18:45:42 GMT</pubDate><enclosure url="https://images.ecency.com/p/4i88GgaV8qiFU89taP2MgKXzwntUGAvkoQiKU7VxyD37q9DuCByjEPFeZwnSavgXFPwdEnStnbGNiPK8stwrj7Jq646eqfFWKAJNkndamkeZw3Smy5ZhQSQmWW?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[It’s Chancey]]></title><description><![CDATA[“Generally speaking, the prices of cryptocurrencies are not governed by chance, but they tend to behave like they do.” I don’t exactly recall who said this first, but I think a more apt description would]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/it-s-chancey</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/it-s-chancey</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Tue, 09 Jul 2019 16:38:42 GMT</pubDate><enclosure url="https://images.ecency.com/p/qjrE4yyfw5pEPvDbJDzhdNXM7mjt1tbr2kM3X28F6SraZkoawh65popgaVagZhTeUoYihFgmB8UQewm8N2c4AEfs1zJSUJZ7KrTeNdHjLtg7n1QW9BwJ6Ea2?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[What is a Crypto’s Value? (Part 1)]]></title><description><![CDATA[At a very high level, there are two types of values that we can consider when thinking about the value of anything: the market value (price) of an asset, and the intrinsic value of an asset. When referring]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/what-is-a-crypto-s-value-part-1</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/what-is-a-crypto-s-value-part-1</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Fri, 07 Jun 2019 23:07:30 GMT</pubDate><enclosure url="https://images.ecency.com/p/Zskj9C56UonWToSX8tGXNY8jeXKSedJ2aRhGRj6HDecqrdrRFpVEzZ1DEDfReJV6HCQh47cF1VQfYEAHEtUJvwqz8gwhav9uYFGpgeBC3XGv9JkkPmkz?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Volatility vs. Risk]]></title><description><![CDATA[Lets talk for a moment about volatility and the future of crypto investing. In essence, volatility refers to how far the pendulum of an asset price may move in any given period. Historically, volatility]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/volatility-vs-risk</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/volatility-vs-risk</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Mon, 06 May 2019 01:38:21 GMT</pubDate><enclosure url="https://images.ecency.com/p/54TLbcUcnRm3sWQK3HKkuAMedF1JSX7yKgEqYjnyTKPwrcRsEMyz5x9fuLyxK3yZXUrRURnC35z1rMFTgSmVm7JK4jNfazLQmzniJWm5gT94kKDXjcyTsKXyM9p7eYvsqjFvgVyvN?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Defensive Moats]]></title><description><![CDATA[Let's talk about moats. If you are flashing back to fourth grade history and picturing a small lake with a castle in the middle, you are on the right track. Moats are a purely defensive combat technology,]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/defensive-moats</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/defensive-moats</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Sun, 16 Dec 2018 23:12:30 GMT</pubDate><enclosure url="https://images.ecency.com/p/3W72119s5BjVs3Hye1oHX44R9EcpQD5C9xXzj68nJaq3Ce9sFVFuZAqkuFbUnHGxhfVX59kUWEsiyyf8XfCqPUeoFySL9L9xMJ5JRzDHMMX7g9R4rWHsjk?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Principles for Crypto Investment, An Intelligent Approach]]></title><description><![CDATA[I am the Author of Principles for Crypto Investment, a book focused on developing a basic theory about crypto investment. My first book Crypto Success has been reviewed almost twenty times and has a 4.5]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/principles-for-crypto-investment-an-intelligent-approach</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/principles-for-crypto-investment-an-intelligent-approach</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Wed, 28 Nov 2018 15:29:54 GMT</pubDate><enclosure url="https://images.ecency.com/p/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPYPtwjHaWDzrMiBZQqnyANbLqCcEmraRAmKGPxThqbr3MpwCt2jg26BEyGWGjV6qBgZYFmTT2v?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[The Market Cycle]]></title><description><![CDATA[There is a cycle to everything in life, and like most things, it is important to understand that these cycles create opportunities as well as risks. The market is no different. I would like to draw your]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/the-market-cycle</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/the-market-cycle</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Wed, 21 Nov 2018 17:27:15 GMT</pubDate><enclosure url="https://images.ecency.com/p/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPZf61atrfoHjgDLt5YHb8tCnc2tHCwyJBNBkvmyyHZ8vFjVAgkBKysocBtHG5g8pz1CsEaiqYA?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Long Term Bets and the Scaling Debate]]></title><description><![CDATA[You should always prefer improvements to the economic incentives of a coin as opposed to mere technical improvements. There are myriad examples of this and the lines are not always black and white. Most]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/long-term-bets-and-the-scaling-debate</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/long-term-bets-and-the-scaling-debate</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Fri, 12 Oct 2018 14:56:42 GMT</pubDate><enclosure url="https://images.ecency.com/p/7258xSVeJbKkzXhyseBP4PYz11eBDT8sW2oR1a4vfVFS6Hm7SsDodLczUMij8PFmX9yucadCcDZNLCFbzFL9EBuuH1CFvqYWPwaeHrAHC2uUsYBLgvsCmHP9iUGqHgVdKiPzUi1FUXHoU?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[More Thoughts on Indexing]]></title><description><![CDATA[We have previously discussed some criteria as to how to create a good crypto coin index (Not Scams NS:100). Let’s here discuss why we do not use traditional indexing techniques when investing in]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/more-thoughts-on-indexing</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/more-thoughts-on-indexing</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Tue, 02 Oct 2018 12:36:00 GMT</pubDate><enclosure url="https://images.ecency.com/p/RGgukq5E6HBM2jscGd4Sszpv94XxHH2uqxMY9z21vaqHt2BbrKcumYnMvo46mk13zfxCHJWM7QxxWDBrdMdeotGS2cBqT1n7KH6MwiThRbf6MWCRZErWPfcDJq8MZ1Q?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Louis XIII and You]]></title><description><![CDATA[I am not, by any stretch of the imagination, what you might call a “drinker”. My average alcohol consumption per year is probably equivalent to no more than 3 beers total. But there is an aspect of the]]></description><link>http://direct.ecency.com/investing/@pablo-lema/louis-xiii-and-you</link><guid isPermaLink="true">http://direct.ecency.com/investing/@pablo-lema/louis-xiii-and-you</guid><category><![CDATA[investing]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Thu, 21 Jun 2018 10:32:21 GMT</pubDate><enclosure url="https://images.ecency.com/p/6VvuHGsoU2QBt9MXeXNdDuyd4Bmd63j7zJymDTWgdcJjo14Xza8AotbzJMhuV5MpuUJRsT2yZ69MRPCiGCmvvi6zFTXyEcjYaFJVG5RTdT8PEXQm8aSMQkx18E6Knv?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Me vs. Day Traders]]></title><description><![CDATA[Day traders put food on my table. I have them to thank for my daughters braces and bills paid on time. I’m a big fan of day traders. I’m not being caustic either, I mean, how can you not love a group of]]></description><link>http://direct.ecency.com/trading/@pablo-lema/me-vs-day-traders</link><guid isPermaLink="true">http://direct.ecency.com/trading/@pablo-lema/me-vs-day-traders</guid><category><![CDATA[trading]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Tue, 15 May 2018 16:54:09 GMT</pubDate><enclosure url="https://images.ecency.com/p/Zskj9C56UondJxcjVaienfhVaNb7LJVWG6e787gaQnEcTJN3eA7rWkdvvbCjJrBWUBZ47Pj6DFXMobdgzGZZdCdpxDPfGYrpf6vuydZf3RByqsC4rvMt?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[A Better Crypto Coin Index]]></title><description><![CDATA[Index Investing. Index investing refers to investing in a basket of securities which have something in common. The S&P 500 stock index, for example, contains the securities of the 500 largest companies]]></description><link>http://direct.ecency.com/nano/@pablo-lema/a-better-crypto-coin-index</link><guid isPermaLink="true">http://direct.ecency.com/nano/@pablo-lema/a-better-crypto-coin-index</guid><category><![CDATA[nano]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Tue, 15 May 2018 16:45:03 GMT</pubDate><enclosure url="https://images.ecency.com/p/2FFvzA2zeqoVZ5NRzV2o8MyJEzowAL6rjbt8w3dTH1AGmCLWEvKhquHimwh2EFQbbmPm7vMhu1MQ7DnwVqNQFDZSSrDQK7cY6TgdR2PtbCyPTaguhjrWELwgWY9dQ?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Toothpaste vs. Quantum Computing]]></title><description><![CDATA[Buy toothpaste tokens, not cutting edge quantum computing tokens: By this I mean that you should buy tokens with established technologies (toothpaste), not coins with emerging technologies (quantum computing).]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/toothpaste-vs-quantum-computing</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/toothpaste-vs-quantum-computing</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Tue, 15 May 2018 13:29:03 GMT</pubDate><enclosure url="https://images.ecency.com/p/3W72119s5BjWPGGUiZ9pqnZoj8JHYxCCp9dtn2QVeCgxrMM4njZceSMwWwGXKLsgsREUzFFD1NGY8KfdtWdzKuYa3oY9Qm8QSZ82Xbhi45rxUiJZxoLQBp?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Qualities of a Successful Investor]]></title><description><![CDATA[There is an interesting, if unexpected, side effect to being successful at anything, but particularly in finance: you get advice, and lots of it. You read that right, I am offered advice on crypto investing]]></description><link>http://direct.ecency.com/trading/@pablo-lema/qualities-of-a-successful-investor</link><guid isPermaLink="true">http://direct.ecency.com/trading/@pablo-lema/qualities-of-a-successful-investor</guid><category><![CDATA[trading]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Mon, 14 May 2018 21:37:06 GMT</pubDate><enclosure url="https://images.ecency.com/p/D5zH9SyxCKdBnJaFeHnL3svQi9ZN2XzXDbzH7Wc9tNGaiuqVo9XFXUPCHh2pY6zDgD2m7j6MR9uBTXjsZMZfuNP4tW69kqjbYmkMgg7vPTnEboRhYWC4g6hqtQZeGEByaaALjY?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Trading Should Be Boring]]></title><description><![CDATA[I have a friend who is a crypto day trader. He often regales me with his war stories, which generally end in “I just bought someone a car.” And when he does make some money, he never buys himself a car,]]></description><link>http://direct.ecency.com/trading/@pablo-lema/trading-should-be-boring</link><guid isPermaLink="true">http://direct.ecency.com/trading/@pablo-lema/trading-should-be-boring</guid><category><![CDATA[trading]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Mon, 14 May 2018 13:06:42 GMT</pubDate><enclosure url="https://images.ecency.com/p/YpihifdXP4WTySVi815wTBS1cviU2Mho5Jm3v8vrCctxtJfc27HaGRAUq6crwNW4jF3CWAbRyxXLsnwbu682XwDuDwxQwpWgoWwxvdq4F51dzxeDZfDDLk5dAyxU48iLVXeht6PjYk2Y3YDfdvKpPMYLWtaCDCV5DLL97uNUXMvN?format=match&amp;mode=fit" length="0" type="false"/></item><item><title><![CDATA[Network Effects]]></title><description><![CDATA[As we discussed in a previous post, I will be investing in my first ICO, when Tezos launches later today. I think that I need to explain why I have not participated in an ICO before and what exactly the]]></description><link>http://direct.ecency.com/cryptocurrency/@pablo-lema/network-effects</link><guid isPermaLink="true">http://direct.ecency.com/cryptocurrency/@pablo-lema/network-effects</guid><category><![CDATA[cryptocurrency]]></category><dc:creator><![CDATA[pablo-lema]]></dc:creator><pubDate>Mon, 14 May 2018 12:54:30 GMT</pubDate><enclosure url="https://images.ecency.com/p/RGgukq5E6HBS5wvERDA3ZF4P2WKQy2VoZZet1QV2K5hocHdJZsa33eEMFVxGE12VLWcBjc9okzBomrixLFoZ33jVKd4ZCqwzTSQZswJgsi3B1sZ2YhV52ZLaVRBXEfg?format=match&amp;mode=fit" length="0" type="false"/></item></channel></rss>