The liquidity situation in crypto is worsening after the banking fears this month 📉
I dived into several liquidity metrics to give an update on all things crypto liquidity🧵
First, $BTC liquidity has dropped to 10 month lows as market makers lose access to USD payment rails👇
4/5 Was fortunate to take two prizes with @James_Kilroe & @WooSung40265546 for building a liquidation improvement algorithm/bot based on probability while remaining very lightweight
🥳 @Covalent_HQ & @Wowswap_io
https://t.co/7uCU1tC8lm
https://t.co/s5xQYWqTEP
Hi @chrisflood_FTfm, Could you please send me a link to the original report quoted in your article on crypto hedge funds? https://t.co/w1vG3dHUKk I can't find a copy of it anywhere. Thanks so much.
0/ @seamusbjh's post is fascinating and provides a broad picture of how technology has progressed across the various epochs. TL;DR: Technology goes through phases of Exploration (creating immense value, adding to the stack) and Exploitation (commoditizing the lower tech layers)
Hot take on applying a framework to decentralized networks and determining where they will succeed. Subsequent posts to follow. @James_Kilroe
h/t to @QWQiao and the Messari team @twobitidiot@katherinewu et al.
@alxcnwy But then who do we hold responsible? Who can the consumer blame? It's as much as a societal issue as anything else? When your driver doesn't perform, you have recourse. Non-gamifiable recourse isn't trivial in a decentralised way. An avg rating doesn't work for serious issues.
@alxcnwy You are 100% right, trust is their primary value. The challenge is how can we let the crowd provide this service? When can the crowd guarantee trust better than a centralized service?
What happens if the crowd is right only 90% or 99% of the time? Is this acceptable to users?
Great fun meeting, advising and helping the @injiniedtech cohort 2 over the past week! Some wonderful African #Edtech businesses. Thanks @jamieamartin1 for the opportunity.
@Melt_Dem Yes volume will be, but it can be done with a drone (with accurate location data) and an onboard radar. That level of location accuracy (<1m) will require atomic clock accuracy for time. See https://t.co/pj7BNjRHP1 regarding 4 vs. 3 variables.
@Melt_Dem Another issue is that z (height) is normally more inaccurate. This is an issue for 3D requirements (drones). Cause of geometry reason for GPSs. I haven’t gone into the technical deep dive of PoL protocols yet. So they might have good solutions to these challenges.
@Melt_Dem Technical you need 4 variables (x,y,z,t) to know where you are. So if using GPS, then must lock onto 4 satellites. Big challenge imo is time, all GPS sats have atomic clocks for accurate timing. Project are proposing beacons which may not have same level of t accuracy.