bcaffrey

5 ms·

1. 1.▲
   by bcaffrey 4y ago

   Their website says: "USDC is fully backed by cash and short-dated U.S. government obligations". I'm sure they'd absolutely love an official audit of that, but given the murky regulatory environment for crypto, I'm a
2. 2.▲
   by bcaffrey 4y ago

   The market cap of USDC is something like $52 billion. No bank or banks would allow Circle to hold all that in a commercial bank account, so they diversified into holding treasuries. I don't really see the issue with that.
3. 3.▲
   by bcaffrey 7y ago

   Option Volatility and Pricing by Natenberg and Option Trading by Sinclair were the books given to me at an options trading firm if you're looking to get really acquainted.
4. 4.▲
   by bcaffrey 13y ago

   Yes, because everyone knows the full requirements for a project up front. That's why we all still use waterfall, right?