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The crypto world has certainly inspired me to pursue whole new fields of research. Not in cryptocurrencies, because while the idea of a distributed ledger I th
by loxias 9y ago
The crypto world has certainly inspired me to pursue whole new fields of research. Not in cryptocurrencies, because while the idea of a distributed ledger I think is solid and here to stay, but because at least 90% of these "currencies" must have their value drop to zero given a long enough time frame -- there's simply no reason for the market to support anything else.
No, for the past half a year or so I've been trying to learn all I can about market microstructure, quantitative finance, anything that makes money off of high variance.
Because if there's one thing I will bet on, it's that there's a ton of risk and volatility here in these hills, and there's probably money to be made somehow while it all crashes and burns.
- charleslmunger 9y agoThis is an extremely dangerous way to think - it preys on the natural irrationality of the human mind. Someone is out there laying bait of all kinds. Iota is bait for people who think they barely missed out on bitcoin, but this new thing with buzzword salad as it's description and a lead developer that has clearly lost touch with reality will make then rich. Then there's the second level bait - since there are all these suckers out there, surely money can be made by predicting them! And then it's turtles all the way down. You won't know if you're a sucker or at the very top level until it all comes crashing down.