Buckets that people store value in:
Gold: $8T
Stocks: $75T
Fiat: $90T
Real Estate: $220T
Then someone figured out how to make an Internet-native digital scarcity, thus:
Bitcoin: $60B
In a post-industrial Internet age, do we really think it'll remain a thimble not a bucket?
1/ in markets, investor psychology is everything. i shared my thoughts on greed, investor psychology, shitcoin, and market cannibalization at @dezentral_io in berlin and wanted to share some of these ideas here...
option b: skip directly to slides here: https://t.co/eMZ8yH3NpZ
One of my favorite things about crypto is that it forces you to go back and learn how a lot of things *really* work from other realms. Literally everything from inflation to DNS to liquidity pools. Often these are things that you thought you understood, but really had gaps.
1/ A little over 1 month since launching on the Ethereum Mainnet, 77 loans of over $50,000 in aggregate principal value have been issued on @DharmaProtocol.
Let's dive into the data on https://t.co/lUidTo5C66:
Coinbase Custody is officially open for business, providing secure storage of crypto assets for institutions in both the US and Europe. Before the end of the year, we hope to bring this offering to Asia as well. https://t.co/KDtMQ5TT3B
A firm is just a "nexus of contracts." Payroll contracts with employees, profit contracts with shareholders, debt contracts with lenders, delivery contracts with customers, tax contracts with the state.
Blockchain-based "smart" contracts will eventually reinvent the firm.
Proud to partner with leading funds like @multicoin to bring 3rd party institutional custody to crypto assets. Great read from @business on the impact @CoinbaseCustody will have on the space.
https://t.co/e8gK8PNMVX