@_jillruth Thanks for the helpful insight! Since current structure is a) short gamma, b) not stable, any thoughts on 1) what would be the structure/steps team can implement that helps to long convexity? 2) what can investor do to help long convexity for their position?
Tech buzzwords explained:
AI—regression
Big data—data
Blockchain—database
Algorithm—automated decision-making
Cloud—Internet
Crypto—cryptocurrency
Dark web—Onion service
Data science—statistics done by nonstatisticians
Disruption—competition
Viral—popular
IoT—malware-ready device
Ray’s theory 101 after #whitepapermarathon
***Only crypto related business performs well in crypto market***
($XRP is a random exception)
Trivial but took Ray a while to realize: although everything can be tokenized, only handful of things NEED to be tokenized.
“There is a war between crypto vs fiat” ← DISAGREE. Big players of #BTC most likely are the wealthiest people in fiat world anyway. Several encouraging stories are just a fraction of randomness, not to be mistakenly interpreted as the ideal liberal society. We are far from that.
2018 has so far been the best year for #bitcoin.
+ bitcoin core 0.16.0 release
+ surging #segwit adoption
+ lightning on mainnet
+ easy payments via @CashApp
+ mainstream talks ( Ellen, John Oliver )
+ Mt. Gox coins getting distributed
Adoption is not measured in $BTC price. 🚀
@APompliano Some consider themselves Blockchain Engineers by being able to write “hello world” or “for loops”. Whereas the real value lies in pure algorithm and philosophy. Maybe we need to change the name to Blockchain Philosophers, so to distinguish the two.