3 ms·

My prediction is that the blockchains are going to eat all of this stuff actually. Smart ethereum contracts based on chainlink data are going to be the new fin

by blhack 7y ago

My prediction is that the blockchains are going to eat all of this stuff actually. Smart ethereum contracts based on chainlink data are going to be the new financial instruments. You are already seeing the fertilization of this with stuff like makerdao. I know it’s annoyingly to talk about the blockchain all the time, but unfortunately I think I may have become a true believer. I don’t think human “financial advisors” are going to be able to outperform these sorts of funds. Also: deregulation (or difficult to enforce regulation) is going to allow a LOT of innovation to happen. How long until some 17 year olds create a token which represents the consumer side of a fund? And then how long until the funds strategy is codified into a smart contract and runs on its own? It’s going to be a wild time.

xphilter 7y ago
How?
jordache 7y ago
ahh yes.. i see blockchain is still the flavor of the month term, to throw out there, for pretty much any domain.
- blhack 7y ago
  Coinbase is currently valued at almost $10 billion. One of the most successful startups the site you are posting on has EVER funded. I don’t think it’s a flavor of the month. Maybe I’m wrong, but neither I nor apparently the market thinks I am.
  - jacques_chester 7y ago
    A current valuation of $10 billion gives a lot of scope to stop being the flavour of the month. Groupon debuted at a $17.8 billion market cap with a great deal of fanfare. It's now at $1.6 billion.
  - JumpCrisscross 7y ago
    > Coinbase is currently valued at almost $10 billion Coinbase's last round's investors valued the top-of-the-stack preference they were given at a price per share that, if multiplied across the cap table, comes to $10bn. That valuation printed when crypto hype was near its peak. It's reasonable to conclude it may be stale. Given the preference, enterprise value would fall faster than the value of those most-recent shares. Valuation is a poor sole measure of success. It's easily manipulated, determined by a few people and often stale.
NoInputSignal 7y ago
> I don’t think human “financial advisors” are going to be able to outperform these sorts of funds. I think this is moot, because human financial advisors are not trying to beat anything, they are trying to spend your money. Read "Where Are the Customer's Yachts?" By Fred Shwed Also Jack Bogle used to talk about the S&P 500 would be most people trading individual stocks (sorry I need to dig up the source for this). Point being: you may not need fancy algorithms to outperform humans at the market, if your goal is only to outperform most humans. You may need something fancy to outperform all humans.

by blhack 7y ago

xphilter 7y ago

How?

jordache 7y ago

ahh yes.. i see blockchain is still the flavor of the month term, to throw out there, for pretty much any domain.

blhack 7y ago
Coinbase is currently valued at almost $10 billion. One of the most successful startups the site you are posting on has EVER funded. I don’t think it’s a flavor of the month. Maybe I’m wrong, but neither I nor apparently the market thinks I am.
- jacques_chester 7y ago
  A current valuation of $10 billion gives a lot of scope to stop being the flavour of the month. Groupon debuted at a $17.8 billion market cap with a great deal of fanfare. It's now at $1.6 billion.
- JumpCrisscross 7y ago
  > Coinbase is currently valued at almost $10 billion Coinbase's last round's investors valued the top-of-the-stack preference they were given at a price per share that, if multiplied across the cap table, comes to $10bn. That valuation printed when crypto hype was near its peak. It's reasonable to conclude it may be stale. Given the preference, enterprise value would fall faster than the value of those most-recent shares. Valuation is a poor sole measure of success. It's easily manipulated, determined by a few people and often stale.

NoInputSignal 7y ago

> I don’t think human “financial advisors” are going to be able to outperform these sorts of funds. I think this is moot, because human financial advisors are not trying to beat anything, they are trying to spend your money. Read "Where Are the Customer's Yachts?" By Fred Shwed Also Jack Bogle used to talk about the S&P 500 would be most people trading individual stocks (sorry I need to dig up the source for this). Point being: you may not need fancy algorithms to outperform humans at the market, if your goal is only to outperform most humans. You may need something fancy to outperform all humans.