There’s a well-known take that “AI is communist, crypto is libertarian”. These two technologies provide a symbiotic yin-yang to each other via their contrasting strengths. The tech equivalent of “unstoppable force meets immovable object”.
Just as there isn’t one price for commodities but a price at a point in time, the price for money can be viewed this way with the yield curve: future prices for dollars.
mr mittens
February 11, 2023
Does ChatGPT ‘know’ anything? No, it doesn’t.
You don’t need to know how a car works to drive it, but if you do you'll understand its limits and capabilities. Let's review.
stETH has had a persistent discount to ETH, yet it's backed 1:1 and pays a dividend. Inefficient market or justified? This is a framework for thinking about it.
Markets have crashed while inflation and interest rates rose concurrently. When there's a bear market with rising rates and inflation, what has market recovery been like historically?
Where can we peg DeFi in the historic evolutionary process of business and warfare? And using warfare as a leading indicator, what can we expect for DeFi’s future generations?
If this one word goes away (or if regulators keep pretending like it doesn’t exist), the most consequential sector of the 21st century will get driven offshore of the United States.