First Half Annotations
Preamble -smart contracts are enforceable -reward metrics are transparent, minimally efficient and are part of the contractual agreement. That is, productivity evaluation has an acceptable accuracy level, and the contract clauses include these performance indicators -process and tasks are specific and capable of being delegated Coase's Theory of the Firm Coase's fundamental contribution to the nature of the firm is the idea that within a company a force, under the figure of an agent...
First Half Annotations
Preamble -smart contracts are enforceable -reward metrics are transparent, minimally efficient and are part of the contractual agreement. That is, productivity evaluation has an acceptable accuracy level, and the contract clauses include these performance indicators -process and tasks are specific and capable of being delegated Coase's Theory of the Firm Coase's fundamental contribution to the nature of the firm is the idea that within a company a force, under the figure of an agent...
Picking up where Ansem left off
Unsolicited thoughts on the Curve WarsAnsem recently published his Q1 2022 article, which I highly recommend reading. For those relatively new to the space, Ansem was one of the most successful traders of 2021, correctly calling Solana, Avax, Jewel, and others. In addition to being a strong “technical” trader, Ansem has a really good grasp on the fundamental side of the space, so I highly recommend following him around. Anyways, while his article did cover some of my bags, he left several of ...
Picking up where Ansem left off
Unsolicited thoughts on the Curve WarsAnsem recently published his Q1 2022 article, which I highly recommend reading. For those relatively new to the space, Ansem was one of the most successful traders of 2021, correctly calling Solana, Avax, Jewel, and others. In addition to being a strong “technical” trader, Ansem has a really good grasp on the fundamental side of the space, so I highly recommend following him around. Anyways, while his article did cover some of my bags, he left several of ...
Brave New World
The following content is heavily inspired by Sam Williams “Mechanism Design 101” and Tim Roughgarden’s Game Theory course on YouTube.Cardinal Richelieu would be proud of how long the system he created lastedAs far as I can tell, the simplest crypto thesis is the following:The defining characteristic and advantage of humanity is our ability to form networks across genetic boundaries through social consensusBTC’s value comes from creating social consensus by enforcing a game that cannot be term...
Brave New World
The following content is heavily inspired by Sam Williams “Mechanism Design 101” and Tim Roughgarden’s Game Theory course on YouTube.Cardinal Richelieu would be proud of how long the system he created lastedAs far as I can tell, the simplest crypto thesis is the following:The defining characteristic and advantage of humanity is our ability to form networks across genetic boundaries through social consensusBTC’s value comes from creating social consensus by enforcing a game that cannot be term...
Footnotes to the Block
Larry-what’s-his-name and the rest of the Block boomers released a 150 page report earlier. Here are my unedited notes on it. First couple pages seem pretty familiar if you spend a lot of time on CT, basically just says that alt-L1’s and meme coins had a breakout year. -there were 374,000 Ethereum wallets that interacted with DeFi in the past year, up 300% from 2020 If I had to guess, this implies something like 100k unique users of Ethereum DeFi in the past year. -Overall, Bitcoin’s on-chain...
Footnotes to the Block
Larry-what’s-his-name and the rest of the Block boomers released a 150 page report earlier. Here are my unedited notes on it. First couple pages seem pretty familiar if you spend a lot of time on CT, basically just says that alt-L1’s and meme coins had a breakout year. -there were 374,000 Ethereum wallets that interacted with DeFi in the past year, up 300% from 2020 If I had to guess, this implies something like 100k unique users of Ethereum DeFi in the past year. -Overall, Bitcoin’s on-chain...
Redacted Cartel and the Curve Wars
wBTC on EthereumMy favorite imagery from the rekt news videos depicts flows of Capital between the outer oceans of liquidity in traditional financial markets, BTC, and Ethereum. In the ancient era before Uniswap, clunky DEX’s like Etherdelta were the only decentralized trading platforms available to users around the globe. The steady trickle of liquidity traded on such platforms has quickly become a roaring river as billions of dollars in volume is exchanged every day by gamblers, slick arbit...
Redacted Cartel and the Curve Wars
wBTC on EthereumMy favorite imagery from the rekt news videos depicts flows of Capital between the outer oceans of liquidity in traditional financial markets, BTC, and Ethereum. In the ancient era before Uniswap, clunky DEX’s like Etherdelta were the only decentralized trading platforms available to users around the globe. The steady trickle of liquidity traded on such platforms has quickly become a roaring river as billions of dollars in volume is exchanged every day by gamblers, slick arbit...
