hashsalt

5 ms·

1. 1.▲
   by hashsalt 8y ago

   Bank eg was an analogy. The issue is contagion, which can be external in source.
2. 2.▲
   by hashsalt 8y ago

   A16Z also funded 21.co's earlier iteration when they made terrible mining rigs. The cynic in me says they believe the instant liquidity + their brand name will paper over all cracks.
3. 3.▲
   by hashsalt 8y ago

   Thats precisely his point. Contagion causes the break. Analogous to a bank run or the ruinous fall of the Thai baht in 97/98. Nobody has any real info on whether the bank has enough reserves, nor do they care. They just dont want to ho
4. 4.▲
   by hashsalt 8y ago

   Thats exactly what I had in mind. A reasonably intelligent trader doesnt want to make his operation more capital intensive however. Has use cases, but limited.
5. 5.▲
   by hashsalt 8y ago

   The issue is that it is uneconomical. Collateral is set at 4-5x. The market for people who want to make that trade is limited.
6. 6.▲
   by hashsalt 8y ago

   Depends on the market. Google's move to 'entities' over keywords means broad search seo is beyond the abilities of "2 guys with some adwords experience" type agencies that were popular circa 2011/12. Quality we