MrMan

34 ms·

241.
by MrMan 4y ago
I think algorand is by far the best crypto platform out there, but the sad part is that it's the economic / behavioral issues that hold crypto back. if you could earn Algo and it was widely adopted, it would be an attractive alter
242.
by MrMan 4y ago
also its not that much actual cash that went into the crypto hole as the M2M valuation
243.
by MrMan 4y ago
any risk assets losing a ton of value would minimize the wealth effect but a lot of crypto holders were hoarding their coins and not spending so maybe not that much
244.
by MrMan 4y ago
I just bought a shipping container so I am doing my part
245.
by MrMan 4y ago
this is no ad hominem - I am attacking your statements here not you as a person. you are flaunting your ignorance and using some weird appeal to authority by posting a vague quote from V. B. which itself is like, not even wrong. I am not de
246.
by MrMan 4y ago
HN is one of the worst place on the internet but it pretends the opposite and watching the insanity here is addictive, I have to admit I cant help yelling at them when they say really stupid and/or antisocial things.
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by MrMan 4y ago
tech guys hate journalists with a passion these days.
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by MrMan 4y ago
I think he made a couple hundred million on this trade and half a billion moe in alameda when things were going well then took investment funds denominated in either coins or USD and invested those into FTX expansion and more levered long c
249.
by MrMan 4y ago
there is no difference between archaic and non-archaic methods of finance really. just structures that emerge from the prevalent economic, regulatory, religious, and cultural context. islamic banking may seem weird to you if you are even aw
250.
by MrMan 4y ago
institutions dont lose at the same rate that even smart retail traders do, its a cold fact. the idea that crypto exists for reasons significantly other than speculation seems hopeful in the extreme given all the overwhelming evidence. maybe
251.
by MrMan 4y ago
I think charitable giving has mostly secondary or tertiary benefits and those are mostly "trickle down" or just velocity of money effects. it gets some hoarded wealth into circulation which was a big issue the last 20 years with l
252.
by MrMan 4y ago
this is going in the right direction, in my opinion.
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by MrMan 4y ago
most of the good done in the world thee days is paradoxically perhaps achieved through commerce, not charity per se. and even charities are mostly effective in the sense that they get money flowing into the economy, where people can trade v
254.
by MrMan 4y ago
sometimes worse is better, people are perverse
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by MrMan 4y ago
take away retail and these coins will have much much less demand which deflates the whole bubble. so you keys-coins people need all the clueless civilians, it seems to me. it's their desperate speculating that make you wealthy.
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by MrMan 4y ago
"bizarre concepts like clearing-houses" what planet do you come from? you ask questions that seem like you have an interest in finance but cant accept the emergent capital markets structures that follow from the practice of financ
257.
by MrMan 4y ago
tether is a mind blowingly large amount of money to siphon to just 13 people, a massive scam. its amazing.
258.
by MrMan 4y ago
crypto is famous only because of speculation, speculators drive all the value
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by MrMan 4y ago
almost surely an insider.
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by MrMan 4y ago
I think the other poster is saying that if Alameda or FTX were losing money on trades, someone smarter was on the other side of those trades, but I dont think that is necessarily true.
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by MrMan 4y ago
hear hear curiously
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by MrMan 4y ago
as SBF himself allowed in the Bloomberg interview, this system only works if humans, driven by FOMO and greed, bid up the tokens. that, more than the technology underpinning the system, is a necessary condition for defi or centralized crypt
263.
by MrMan 4y ago
market making in a volatile instrument is not easy. when all instruments are .96 correlated it makes it harder to balance your book. the good thing is that its retail flow but just because its retail doesnt mean you won't lose money wh
264.
by MrMan 4y ago
you cannot opt out, there is no escape, its a closed system. misanthropy is harmful. decentralization is a fantasy
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by MrMan 4y ago
its actuarial science which is basically stats
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by MrMan 4y ago
top comment thanks
267.
by MrMan 4y ago
yes its been my opinion for years that they are all crooks, the whole thing was made possible basically by quantitative easing. but I still find a lot of ridiculous foolishness posted here so I keep getting lured back.
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by MrMan 4y ago
fucking frightening
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by MrMan 4y ago
or just spent it?
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by MrMan 4y ago
wow so SBF and buddies get their money out

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