dcolkitt

19 ms·

151.
by dcolkitt 4y ago
We could easily put real economic assets and loans on-chain. The legal frameworks exist On-chain yields are now low enough and “real-world” interest rates high enough that there’d be demand. Delaware courts can and have enforced corporate e
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by dcolkitt 4y ago
One thing to note is that while Celsius, a centralized and opaque yield platform, collapsed, not a single major DeFi protocol failed during a period of enormous stress. MakerDAO, Aave, Uniswap, Curve, Lido and Compound all had perfect 24&#x
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by dcolkitt 4y ago
I think even crypto cryptic should take some time to actually try out on-chain applications. It's really hard to convey just how much more frictionless it is than the normal financial system. For example the other week I wanted to buy
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by dcolkitt 4y ago
More than 40% of the building square footage in Manhattan would be literally illegal to build today.[1] Developers would absolutely love to build huge skyscrapers housing thousands. However the city has zoning rules with onerous setbacks,
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by dcolkitt 4y ago
Manhattan is 25% less dense than it was in 1910 . The densest census tract in Manhattan is four times denser than borough average. We could easily double the population of the island, even without getting into ultra tall skyscrapers or rec
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by dcolkitt 4y ago
Why would index fund investors be any more likely to cash out on falling equity values than investors in actively managed funds or single equities? If anything it seems quite the opposite? Index fund investors know the market always goes ba
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by dcolkitt 4y ago
Depends on discount rates. The value of a company is the net present value (NPV) of its discounted cash flow (DCF). P/E is just a kludge to simplify the much more complex DCF analysis. And it's pretty clear that interest rates hav
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by dcolkitt 4y ago
But that's the point, crypto is a coordination mechanism that in most cases serves as an alternative when you don't have effective and trustworthy centralized institutions. It's pretty clear that (in this case) European finan
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by dcolkitt 4y ago
Just raised a funding round, and about half the investors used USDC and half used wire transfers. On "famously expensive and slow" Ethereum, the USDC transfers took 15 seconds and cost under $2. Oh and even better, I was able to j
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by dcolkitt 4y ago
Would be interesting to insert the classic 60/40 stock/bond portfolio. Maybe also potentially a commodity index as well.
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by dcolkitt 4y ago
USDC and DAI both have a spotless record of stability.
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by dcolkitt 4y ago
Honest question, do you think there is zero value to stablecoins? There's obviously huge demand for dollar assets in middle income countries without easy access to dollarized banking. In countries like Turkey or Argentina or Nigeria, s
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by dcolkitt 4y ago
In addition to what others have said about testnet transitions already being successful, we already have multiple active PoS networks (Solana, Avalanche, Cosmos, BSC, etc.) that have been successfully securing billions of value for multiple
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by dcolkitt 4y ago
Equity and debt. In 2000, 2008 and Covid, bonds all heavily rallied while stocks were selling off. That's the reason the 60/40 stocks/bonds portfolio is the cornerstone of modern portfolio management. Historically one tends
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by dcolkitt 4y ago
I don't disagree at all. But the context of the comment I was responding to was specifically about whether this would be enough to justify a high conviction bet on AAPL stock. Even if this model sells like hotcakes (which I'm sure
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by dcolkitt 4y ago
Aren't Macs basically a rounding error for the overall company?
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by dcolkitt 4y ago
Disagree if you’re already familiar with K8s. It literally takes 15 minutes to setup a cluster and manifest on GKE
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by dcolkitt 4y ago
> Gold has an advantage of cryptocurrency in that you can actually store it. The vast majority of gold investors are not physically storing it on their own property. Most invest through funds, derivatives, ETFs, etc. If civilization col
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by dcolkitt 4y ago
The continued existence of gold as a store of value (and to a lesser extent silver) contradicts this model. Very few economic transactions are denominated in gold, either as a medium of exchange or a unit of account. There is a small amount
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by dcolkitt 4y ago
Even simpler. Annual flu shots require a decent degree of executive functioning. People with early stage neurological decline are less likely to make or keep their appointment
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by dcolkitt 4y ago
Would be interested to hear people's opinions on which cities are mostly heavily loaded on the "better place to live than visit" factor.
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by dcolkitt 4y ago
Despite this, high-concentration cannabis is a huge public health risk. The deleterious effects from smoking comes from inhaling the smoldering organic compounds in dried plant material. That health impact scales with the volume of smoke in
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by dcolkitt 4y ago
> Crypto has tried to solve this by strict liquidation rules that tend to make things worse by turning firms into forced sellers This is literally how traditional finance works as well. If you have a leveraged position at a futures or op
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by dcolkitt 4y ago
All connecting a wallet does is allow the app to see your public keys. Private keys are not directly exposed. The app can then request the user sign transactions, but they must be explicitly approved by the user. Where fraud typically hap
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by dcolkitt 4y ago
That's not how it works at all. When you connect a wallet, the only unrestricted access it gives the app is the ability to see your public address. The app does not have the ability to sign transactions on your behalf without your ex
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by dcolkitt 4y ago
Over the past 50 years, the US has invested massive economic resources in reducing air pollution.
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by dcolkitt 4y ago
It’s pretty cheap common for crypto startups to incorporate as a Delaware corp. Then when you launch the protocol or token you establish a Caymans/BVI/Swiss foundation. The Delaware corp acts as a service provider to the offshore
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by dcolkitt 4y ago
In this case this is why the base layer of fiat law is important. Common law give wide leeway in letting people setup contracts under whatever form they want. But generally apply common sense judgement for clearly egregious cases. They&#x27
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by dcolkitt 4y ago
I agree that anything that can be done with a blockchain can technically be done with a database. But the practical challenge comes down to coordination problems. With blockchains you get credibly neutrality out of the box. Different develo
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by dcolkitt 4y ago
Many real world systems are "nearly trustless". Of course you still need some sort of court system if someone decides to break bad. But in the 99%+ of times you're in the happy path, economic transactions occur based on auton

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