Jack Peacock

Market participant

[Jack Peacock @JackPeacock]

@cashfIo There are arguments for crypto, but this isn't one. The US banking system is just lightyears behind many developed economies on speed. In the UK we can send a payment 24/7 to arrive instantly in someone else's account. Quicker than bitcoin's 10 minute block time. And for free.

[Jack Peacock @JackPeacock]

The brine has commenced. Just salt and sugar

[Jack Peacock @JackPeacock]

Method here: https://t.co/ApnX3wh5E8

[Jack Peacock @JackPeacock]

@NathanpmYoung Good thread on the topic

[Doug Colkitt @0xdoug]

1/ Very rough and speculative sketch of what I increasingly think happened at FTX as more info comes out…

The central question is where did the money go? Yes malfeasance and fraud is necessary, but at one point in the cycle cash actually has to go out the door

[Jack Peacock @JackPeacock]

@Gloomstalker404 It's a pretty slow transition, as is tradition. There will be a long period of both Elizabeth and Charles banknotes so it's not as if we trash all the old banknotes immediately

[Jack Peacock @JackPeacock]

In the pair trade, you're relying on two sets of arbitrageurs to do their thing at a period of acute market stress and the margin management is more complex. One of the pairs also settles in USDT which you're hoping to convert after exiting the trade.

[Jack Peacock @JackPeacock]

However, the situation has now changed. A lot. If Tether is going to fuck it, it is going to fuck it in the next weeks/months and the benefits of a small carry are less.

[Jack Peacock @JackPeacock]

Anyways, I had put it on in a paper account 10 days earlier so I could track how much money I would have made...

[Jack Peacock @JackPeacock]

It's fair to say that last Thursday morning I was mildy annoyed that he was having a really nice time in Berlin.

[Jack Peacock @JackPeacock]

While Wheat keeps smashing all time highs daily, it's not kept up with the rate of fertiliser - its largest input.

London Wheat up ~150% since 01/2020.

[Jack Peacock @JackPeacock]

@BongCapital Can I get a definition of DMA for the merger tourists? Guessing it’s something merger agreement but struggling with Google

[Jack Peacock @JackPeacock]

I've not gone back further than the last 14 days but the two pairs involved in the trade have always had their differences to spot in the same direction. (6/8)

[Jack Peacock @JackPeacock]

So if the futures contract trades above the spot price, the long pays a premium to the short and vice versa. (5/8)

[Jack Peacock @JackPeacock]

In fact, being on chain you should be able to validate that the principal is still there. Unlike in a traditional Ponzi where that principal was paid out long ago to someone else.

(5/7)

[Jack Peacock @JackPeacock]

There's no systemic risk to the principal deposited if all investors (probably correctly) perceive the value of the 'x' token to be 0.

(4/7)