Nat Eliason | From Crypto To Copy: Exit Liquidity, Crypto Confidential & Writing Worthy Of Posterity
Nov 19, 2024
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Nat Eliason, a prolific online writer and author of "Crypto Confidential," dives into the wild world of cryptocurrency and the emotional rollercoaster it brings. He shares chaotic anecdotes about meme coins, exit liquidity, and the psychological toll of trading. The conversation also explores his evolution as a writer, highlighting the balance between originality and marketability. Nat dissects the unpredictable nature of book publishing and raises ethical questions surrounding the crypto landscape, making this conversation a must-listen for writers and crypto enthusiasts alike.
Nat Eliason's book 'Crypto Confidential' reveals the emotional rollercoaster of crypto trading, balancing immense profit potential against significant personal risks.
The timing of 'Crypto Confidential's' release highlights the impact of market conditions on literary works related to finance and investment.
Iason aspires to create lasting literature addressing universal themes while navigating the transition from non-fiction to fiction writing.
Deep dives
Nathal Iason's Journey in Crypto
Nathal Iason's debut book, 'Crypto Confidential,' captures his deep engagement with the volatile world of cryptocurrency. It details his experiences with meme coins, secretive online communities, and the psychological toll of trading in a rapidly changing market. Iason emphasizes the chaotic nature of crypto, where fortunes can be made or lost almost overnight, reflecting on the wild emotional ups and downs he and others faced. His journey serves as a cautionary tale of the risks and rewards inherent to the crypto space, highlighting the thin line between investment and obsession.
The Impact of 'Crypto Confidential'
The initial launch of 'Crypto Confidential' coincided with a period of low interest in cryptocurrency, resulting in modest sales initially. However, as the market began to bounce back, so did the book's relevance, leading to a significant rise in Amazon rankings and renewed interest from readers. Iason notes that the unique timing of the book may ultimately have a lasting impact, especially as the bull market gains traction. This phenomenon underscores how market conditions can drastically affect the reception of a literary work focused on financial topics.
Human Dynamics in the Crypto World
In the podcast, Iason discusses how 'Crypto Confidential' transcends being merely a crypto book, aiming instead to explore universal themes of risk, human behavior, and the allure of quick wealth. He expresses a desire to capture the psychological battles and social dynamics that accompany investing in volatile markets, which resonate with many beyond just the crypto community. As he reflects on the emotional scars left by trading mishaps, he connects with readers experiencing similar struggles. This approach illustrates the balance between the allure of profit and the potential for significant loss in speculative investments.
The Role of Writing in Iason's Life
Writing is described as essential to Nathal Iason's existence, serving as both an outlet and a lifelong ambition. He shares his aspiration to create work that resonates deeply with readers and stands the test of time. His focus on developing a forthcoming sci-fi novel showcases his commitment to evolving as a writer, transitioning from non-fiction to fiction while grappling with complex themes. Iason's dedication to his craft highlights the challenges and creative growth experienced while navigating through different genres.
The Broader Implications of Crypto
Iason addresses the larger societal impacts of cryptocurrency, balancing its potential benefits against possible pitfalls. While crypto can offer financial opportunities and enhance economic growth in regions lacking stable currencies, it also introduces risks related to gambling behavior fueled by the gamification of trading platforms. His reflections raise questions about the morality of unrestricted access to such markets and the potential consequences on personal finances and societal norms. This nuanced view not only critiques the current state of crypto but also considers its place in the future of finance.
I’ve been subscribed to his newsletter, following his tweets, and listening to his interviews for what feels like years now.
He’s a prolific online writer who recently published his debut book, a memoir of a crypto side quest he spiralled deep down into which is serves as revelatory for the sheer insanity that is crypto. It’s meme coins, making loads of money, losing it, secret discord servers, exit liquidity and all the rest that foreshadows the same stuff happening now.
Crypto is back in the news, and therefore so is Nat’s book - Crypto Confidential - which is a must read if you want to get a sense for, or contribute to, the mania.
However, writing is Nat’s circulatory system, so we ended up speaking half about books and half about crypto. When you check out the episode, navigate the timestamps if you wanna skip the writing stuff and go straight to crypto.
Before I leave you with Nat, he’s got this tremendous call to action on his Substack that I wanted to share here…
“Among my strongest life goals is to write something worthy of outliving me”
00:00 - Who Is Nat Eliason? 01:08 - Serendipitous Anecdote 02:58 - CRYPTO: Crypto Mania 12:23 - Writing 18:05 - AI Helping Writers (Great Metaphor) 24:48 - Great Story Telling Less Great Writing 34:08 - Taleb's Influence 41:08 - Book Publishing Market (VC Metaphor) 1:00:33 - CRYPTO: Crypto From All Sides. Crazy Stories. Current Market, Ideological? The Future.