twitter.com/dropnerdeth
there might be some corporate firesales, but what makes you think any government is going to backstop the crypto market to prevent contagion?
defi/spot is in a much healthier place than cefi. when you're hodling, there's nothing that can liquidate you. when you're using a defi protocol, you capture all the upside for the risk you're taking. when you're using…
3ac probably made 3 bad trades: - long ust/luna - long gbtc, short btc - long steth, short eth will focus on last two trades in this comment. gbtc is like a bond that eventually pays out as btc when regulatory approval…
i think what they're trying to say is that these firms just look like traditional trading firms, not like defi. opaque backroom billion dollar handshakes go wrong, contagion spreads, ltcm/2008 style. main difference-…
most crypto trading firms have been rewarded for this behavior over the last few years, so the lesson is hard to unlearn
eBay started on collectibles, looks like the leadership still has their ears to the ground
do most miners choose to run cards without fans because of known issues?
1. crypto nerds build a system that gives everyone transparent, real-time view into counterparties and leverage 2. opportunists build an opaque system on top and promises retail the world 3. opaque systems collapse,…
so suppose there was some impropriety in the fund movement, who would be able to audit this? on the blockchain, it's anyone who knows how to use a block explorer.
how so? for example, i operate a pseudonym.
pseudonymity is a reasonable compromise.
different tokens have different purposes, but you could describe vc investing as maximizing speculative windfalls, and that's how many traders view their tokens. i can't speak to your friends' behavior, but you can buy…
coinbase's nft marketplace has <0.01% of the marketshare. they launched without using their key advantage- custodial relationship with the customer. coinbase nft should have been a custodial marketplace. this is…
there's no widely adopted index fund in the crypto world. to get exposure to a variety of ideas, one inevitably buys some that don't work and yes, some where the project runners commit fraud.
similar problems exist in vc-land and even public equities. if you owned a s&p 500 fund in 2000, then you owned a piece of enron.
sarcastic takedowns of crypto are the norm here.
- btc is not a scam - eth is not a scam - uniswap is not a scam - usdc is not a scam - aave is not a scam
radical idea- cex balances should be public and linked to deposit and withdrawal addresses
if you decide that you don't like a picture, you can delete my record. if you lose interest and turn off the db, the record is gone. if your site goes down, i can't transact anymore. the ethereum blockchain is hard to…
very different culture from current nft adopters. we will find out if the crowd looking for trusted/curated/permissioned collectibles and experiences looking for nfts or if the decentralization critical
how did you go from "mainstream company pushes nft platform" to "nfts have peaked"?
hi sonya! i'm not currently taking interviews but i'll reach out if this changes. thanks for the interest! dropnerd
very cool design work. are you planning to roll out an ethereum version?
this seems like an awesome addition. if short enough, it can be placed where the serial usually goes
it surfaced for a day or two on my twitter timeline and then disappeared
there might be some corporate firesales, but what makes you think any government is going to backstop the crypto market to prevent contagion?
defi/spot is in a much healthier place than cefi. when you're hodling, there's nothing that can liquidate you. when you're using a defi protocol, you capture all the upside for the risk you're taking. when you're using…
3ac probably made 3 bad trades: - long ust/luna - long gbtc, short btc - long steth, short eth will focus on last two trades in this comment. gbtc is like a bond that eventually pays out as btc when regulatory approval…
i think what they're trying to say is that these firms just look like traditional trading firms, not like defi. opaque backroom billion dollar handshakes go wrong, contagion spreads, ltcm/2008 style. main difference-…
most crypto trading firms have been rewarded for this behavior over the last few years, so the lesson is hard to unlearn
eBay started on collectibles, looks like the leadership still has their ears to the ground
do most miners choose to run cards without fans because of known issues?
1. crypto nerds build a system that gives everyone transparent, real-time view into counterparties and leverage 2. opportunists build an opaque system on top and promises retail the world 3. opaque systems collapse,…
so suppose there was some impropriety in the fund movement, who would be able to audit this? on the blockchain, it's anyone who knows how to use a block explorer.
how so? for example, i operate a pseudonym.
pseudonymity is a reasonable compromise.
different tokens have different purposes, but you could describe vc investing as maximizing speculative windfalls, and that's how many traders view their tokens. i can't speak to your friends' behavior, but you can buy…
coinbase's nft marketplace has <0.01% of the marketshare. they launched without using their key advantage- custodial relationship with the customer. coinbase nft should have been a custodial marketplace. this is…
there's no widely adopted index fund in the crypto world. to get exposure to a variety of ideas, one inevitably buys some that don't work and yes, some where the project runners commit fraud.
similar problems exist in vc-land and even public equities. if you owned a s&p 500 fund in 2000, then you owned a piece of enron.
sarcastic takedowns of crypto are the norm here.
- btc is not a scam - eth is not a scam - uniswap is not a scam - usdc is not a scam - aave is not a scam
radical idea- cex balances should be public and linked to deposit and withdrawal addresses
if you decide that you don't like a picture, you can delete my record. if you lose interest and turn off the db, the record is gone. if your site goes down, i can't transact anymore. the ethereum blockchain is hard to…
very different culture from current nft adopters. we will find out if the crowd looking for trusted/curated/permissioned collectibles and experiences looking for nfts or if the decentralization critical
how did you go from "mainstream company pushes nft platform" to "nfts have peaked"?
hi sonya! i'm not currently taking interviews but i'll reach out if this changes. thanks for the interest! dropnerd
very cool design work. are you planning to roll out an ethereum version?
this seems like an awesome addition. if short enough, it can be placed where the serial usually goes
it surfaced for a day or two on my twitter timeline and then disappeared