@bertcmiller The depth of the DAI/USDC order book on coinbase at the time was only a couple hundred thousand dollars I believe. Relatively cheap to manipulate.
How to master complexity and problem solving in science and engineering?
Build insight and understanding first, so that you do not drown in complexity.
Approximations foster understanding.
A thread on Mastering Complexity:
https://t.co/ovbdDnVqhP
The obvious surprise here is the shift to remote-first: from 6% to 42% in just one year. The less obvious surprise is that SF has lost less of its appeal than other cities. LA's appeal is down 75%, and Seattle's 90%.
Too few realize how disruptive to USD reserve status cross-border CBDC TXs could be.
Per @IanAllison123's story yesterday:
"...smart contracts automatically managed the EUR/SGD exchange rate in line with real-time market transactions and demands"
https://t.co/siSk2d1WDP
The Ether asset is the ultimate crypto index. Holding eth gives you exposure to defi, stablecoins, nfts, gaming, and everything else happening on eth. The more those succeed the more eth goes up.
@DeFi_Dad Could @NexusMutual use the ETH on its balance sheet to repurchase wNXM at a discount? It would be very accretive to members and risk free - like purchasing $1 for $0.70