@AkhiBera Have the name? Curious to learn more.
My working theory is that truly new products will have to be near instant decisioning / disbursement with inconceivably high turnover. Probably advances vs loans so originators can still make $ without large avg outstanding balances.
Aside from crypto, what net new financial products has blockchain technology enabled?
I see stablecoins solving pre-funded account balances (“PayFi”, or “Settle-Now-Pay-Later”) as the sole example.
What am I missing?
Call me crazy but the impression of high quality work / product seems to trump the quality of the actual work itself.
Subject matter “experts” via socials
Website quality = auto credibility
Press releases drive product vs the inverse.
What else?
It’s all a song and a dance until banks issue stablecoin denominated credit. @BlackRock issuing a yield bearing alternative to a deposit is strong signal, but I’m still focused on how chartered banks (eg @ereborbank) approach this matter.
A productive asset derives its value from something other than pure speculation.
With that in mind: if there is an active borrow/lend market for an asset, does that alone make it a productive asset?
Come on econ kiddos
@galaxyhq / @Sharplink $125M onchain yield fund. @CoinbaseAM ‘s CUSHY.
Nobody’s getting yield in crypto. Some are turning to well known managers to do it.
I bet these managers generate outsized returns through offchain means. Pass it back via stables.
There’s no magic
Who knew influencers might be the downfall of the commercial DJ? Apparently you can host a ticketed, get an influencer to show up, “do a brand deal” to serve said influencer’s non-alc Negroni… and save yourself $100K on the DJ booking fee.
Learned that this weekend. Gen Z wild
@AkhiBera What may change is how asset issuers manage their capital stack… eg hold back money to fund redemptions. but without meaningfully superior terms vs tradfi, the cost of capital drag becomes too high. It becomes circuitous: why would crypto take subpar terms?
@AkhiBera Might know a guy ;)
But actually, this expectation is not possible to manage. money itself implies a willingness to bear duration risk. Without that willingness, crypto capital will be stuck “securing networks” and “allocating to vaults”
I hadn’t even thought about how all these AI IPOs are just exit liquidity funded by American retirement plans… until last night.
Time for unweighted S&P500 exposure or are we into it?
Founders get too wrapped up in equity valuations imo.
Particularly, if your valuation meaningfully decouples from your business fundamentals, the less exit opps you have…
Chasing unicorn over cash in hand is a curious endeavor…