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I’m really excited about it, I do take issue with people still not knowing what parts of crypto aren’t crashing and are working very well. To me that still seem

I’m really excited about it, I do take issue with people still not knowing what parts of crypto aren’t crashing and are working very well. To me that still seems intentional, but at the very least its annoying. People dont know why “Magic Internet Money” - a stablecoin - is a meta-meme on re-appropriated skepticism of all crypto while being designed decently well, much better than TerraLuna (overcollateralized, compared to "partially collateralized as a last ditch effort that predictably failed"), MIM is holding its benchmark price through this stress test so far. Same for DAI, which has a similar but older and more convoluted design than MIM, and less native collateral choices. All while neither of these are perfect. None of these are a model decentralized stablecoin (for those that dont want a central company being able to freeze some funds, but I understand thats a feature for some market participants). I like that the shakeouts and implosions will cause great discount prices. “Discounts” because many implosions force selling that pushes a price down beyond the rest of the market’s feelings, and when that selling stops (which can be transparently seen), the prices reach back to the level people were willing to pay. A chance I am sometimes willing to take.

searchableguy 4y ago
What do you think are the best investment play for a decade right now in the crypto market?
- vmception 4y ago
  Hmmm Well money isn't leaving the crypto space, its just in other more resilient stablecoins, so its ready to pounce or “ape-in” to anything at a moment’s notice. USDC and Tether have still $130billion collectively issued. Not moving much up or down. In which case, popular things that sold off are still worth watching. I usually miss the bottom hoping for a steeper sell off. Look for things that extract value, and accrue it to the token. A cross-chain flash loan bot that shares with its community of stakers (distinct from and a subset of the token holders) could be fun. I haven't really seen one that shared. Yield optimizers are still unperfected. Opportunity to compete with a better one there, that also involves the community better. A decade is too hard for me. But Helium had some cheap prices and their wireless network is robust enough with all the pieces coming into places for a recurring demand model to kick in. Node software needs much improvement. But this is slow because there isnt a compensation path at the moment, a couple gitcoin grants have gone out that have resulted in major improvements, more likely that FAANGs will start doing contributions to node software, which will be the compensation path for developers as employment. Lots of stuff on the private equity side, if you really want longer cycles and possibility of cashing out into a more mature financial market with regulated registered shares. Bear markets are the best time to build because your investors will leave you alone. As an investor you can make more onerous conditions to companies raising.
  - jcpham2 4y ago
    Always enjoy reading your comments, sir.

searchableguy 4y ago

What do you think are the best investment play for a decade right now in the crypto market?

vmception 4y ago
Hmmm Well money isn't leaving the crypto space, its just in other more resilient stablecoins, so its ready to pounce or “ape-in” to anything at a moment’s notice. USDC and Tether have still $130billion collectively issued. Not moving much up or down. In which case, popular things that sold off are still worth watching. I usually miss the bottom hoping for a steeper sell off. Look for things that extract value, and accrue it to the token. A cross-chain flash loan bot that shares with its community of stakers (distinct from and a subset of the token holders) could be fun. I haven't really seen one that shared. Yield optimizers are still unperfected. Opportunity to compete with a better one there, that also involves the community better. A decade is too hard for me. But Helium had some cheap prices and their wireless network is robust enough with all the pieces coming into places for a recurring demand model to kick in. Node software needs much improvement. But this is slow because there isnt a compensation path at the moment, a couple gitcoin grants have gone out that have resulted in major improvements, more likely that FAANGs will start doing contributions to node software, which will be the compensation path for developers as employment. Lots of stuff on the private equity side, if you really want longer cycles and possibility of cashing out into a more mature financial market with regulated registered shares. Bear markets are the best time to build because your investors will leave you alone. As an investor you can make more onerous conditions to companies raising.
- jcpham2 4y ago
  Always enjoy reading your comments, sir.