@dcinvestor @Bitstamp @CryptoCompare Bitstamp is an independent OG fiat-crypto exchange and founded in 2011 based in Europe, with a US subsidiary regulated by NYDFS.
1/ On How Short Life Is
A few years ago, I was walking around in a blizzard in SoHo (New York). It was late, midnight, and it was beautiful.
Some friends, about 15 blocks away, called: "come over?"
It was late, it was cold, was tired, thought "maybe not worth it" but then...
uniswap doing $2bn in volume per day through autonomous smart contracts built by a handful of employees and you are worried about inflation
my dudes
deflation is the real problem
A nicely articulated view from @KyleSamani . I disagree with his conclusion, but A. Not sure I’m right and B. A middle ground is plausible (and arguably we’ve already been in it.). /1
Monday morning meditation: throughout history, being ultra-wealthy required being politically active. Political regimes (and their corresponding property rights) have averaged lifespans shorter than the average human. I.e. your property will eventually get taken from you.
Before BlockTower, I worked at the University of Chicago Office of Investments (endowment) for 4 years. Learned a huge amount from my colleagues. One major lesson was around "smart laziness." /1
Not on holiday yet so I'll allow myself one more thread...
The markets are crazy! NFT are just jpegs! Dog coins! Cat coins! Tesla ! GameStop!
Everyone is going to get burned! Don't they realize about discounted cash flows?!!! These people are ruining everything! Green energy?!
🥳 We've been celebrating 10 yrs of Bitstamp! Blowing off steam after a decade of hard work sure feels good.
We’ve also been snatching our people off the dancefloor to ask them about their work, psychic abilities and their superpowers! Check out what they said.
#10yrsBitstamp
“Miscalibrating” or learning the wrong lessons from the past is an interesting challenge in finance and life. Example, during a bull run, you learn that every smallish dip is a buy. This seems like wisdom, but is obviously just a regime specific heuristic.
One of the things that makes me most pessimistic about the future of human civilization is that we have no system for evolving new nations and methods of governance. There's no experimentation, no way to make your own country and actually try new things.
Prediction: AI will cause the price of work that can happen in front of a computer to decrease much faster than the price of work that happens in the physical world.
This is the opposite of what most people (including me) expected, and will have strange effects.
My wife is going through a box of old things. I see a paper with a seed phrase on it. I grab it and try and figure out what wallet this could be.....wife grabs it back, “those are your daughters first words, it’s not bitcoin”