@mgnr_io Alameda daily trading journal
Down 2.5M market making today. Daily serum issuance to our book worth 2.5M. Another unch pnl day, could have been worse but we'll get em tomorrow
Sorry, but buying and holding real estate is a financial decision that comes with risk. You don't get outsized returns without accepting outsized risk.
I will never NOT find it surreal that US senate is about to pass a multi trillion dollar infrastructure bill that’s been in world since the Obama admin, but instead of debating the economic merit of provisions & earmarks, they’re negotiating how to define consensus mechanisms
@charleseblack@quantian1@dannycharts Fortunately not. Most products w/ high adoption rely on significant over-collateralization, so on defi platforms you're likely liquidated well before the -3k above. And yes, to answer your next question, there actually has been demand for loans requiring over-collateralization
@AlanMCole Anyone looking to write that chapter should have to trade crypto for 12mo first. Let them experience leverage driven cycles on a compressed timeline
The inflation debate is really gathering steam. Lots of strong opinions on both sides. My $.04? Let's examine a basket of consumer goods -- some things you buy every day, and other things you buy only occasionally -- and we'll see what happens!