This picture says it all. Note the wall of green: These rankings are drawn from Uniswap’s new search engine for NFT, called Genie. I’ve been playing with it the last few days. No, I haven’t figured out to profit from NFTs yet. In the past, I’ve managed to lose money on NFTs, or at the very least, I haven’t… Read More »
First off, if you are not sure whether to laugh or cry today, check out this twitter threat on the first day of investigation in the bankruptcy proceeding of FTX and Alameda: https://twitter.com/jonwu_/status/1593262926705487872 The fall of FTX is not just the worst bankruptcy in the short history of crypto. It’s beginning to look like the worst financial debacle of… Read More »
The third-largest crypto-exchange in the world has become insolvent in less than one week, with billions of dollars owned by retail trapped in accounts now frozen. And in the time of public blockchains, where a public army of tech-savvy citizens can scrutinize every transaction seconds after they happen, the collapse happened lighting-fast and in a very public way.… Read More »
“He who fights with monsters might take care lest he thereby becomes a monster. And when you gaze long into an abyss the abyss also gazes into you.” –from BEYOND GOOD & EVIL by Friedrich Nietzsche The life of a trader is very short. Very few make it past ten years. That’s the conclusion reached by Nassim Nicholas Taleb… Read More »
s the market going to tank? Everybody is asking that question or trying to answer it. But not me. I’m asking a different question. Is the market going to go up in September, and September only? Both questions sound very much like the same thing. But there is a subtle difference. An important subtle difference. Because when you ask… Read More »
(Note: Part I is here) There are two competing theories about the stock market. One is the efficient market theory.: everything is already fairly and accurately priced, and any movement in price reflects new information being released to the market. And then there is chaos theory, which simply put, is the observation that complex systems suddenly bite you in the butt… Read More »
