dropnerd

6 ms·

1.
by dropnerd 4y ago
there might be some corporate firesales, but what makes you think any government is going to backstop the crypto market to prevent contagion?
2.
by dropnerd 4y ago
defi/spot is in a much healthier place than cefi. when you're hodling, there's nothing that can liquidate you. when you're using a defi protocol, you capture all the upside for the risk you're taking. when you'
3.
by dropnerd 4y ago
3ac probably made 3 bad trades: - long ust/luna - long gbtc, short btc - long steth, short eth will focus on last two trades in this comment. gbtc is like a bond that eventually pays out as btc when regulatory approval comes. steth is
4.
by dropnerd 4y ago
i think what they're trying to say is that these firms just look like traditional trading firms, not like defi. opaque backroom billion dollar handshakes go wrong, contagion spreads, ltcm/2008 style. main difference- there's
5.
by dropnerd 4y ago
most crypto trading firms have been rewarded for this behavior over the last few years, so the lesson is hard to unlearn
6.
by dropnerd 4y ago
eBay started on collectibles, looks like the leadership still has their ears to the ground
7.
by dropnerd 4y ago
do most miners choose to run cards without fans because of known issues?
8.
by dropnerd 4y ago
1. crypto nerds build a system that gives everyone transparent, real-time view into counterparties and leverage 2. opportunists build an opaque system on top and promises retail the world 3. opaque systems collapse, retail gets burned
9.
by dropnerd 4y ago
so suppose there was some impropriety in the fund movement, who would be able to audit this? on the blockchain, it's anyone who knows how to use a block explorer.
10.
by dropnerd 4y ago
how so? for example, i operate a pseudonym.
11.
by dropnerd 4y ago
pseudonymity is a reasonable compromise.
12.
by dropnerd 4y ago
different tokens have different purposes, but you could describe vc investing as maximizing speculative windfalls, and that's how many traders view their tokens. i can't speak to your friends' behavior, but you can buy tokens
13.
by dropnerd 4y ago
coinbase's nft marketplace has <0.01% of the marketshare. they launched without using their key advantage- custodial relationship with the customer. coinbase nft should have been a custodial marketplace. this is definitely on someon
14.
by dropnerd 4y ago
there's no widely adopted index fund in the crypto world. to get exposure to a variety of ideas, one inevitably buys some that don't work and yes, some where the project runners commit fraud.
15.
by dropnerd 4y ago
similar problems exist in vc-land and even public equities. if you owned a s&p 500 fund in 2000, then you owned a piece of enron.
16.
by dropnerd 4y ago
sarcastic takedowns of crypto are the norm here.
17.
by dropnerd 4y ago
- btc is not a scam - eth is not a scam - uniswap is not a scam - usdc is not a scam - aave is not a scam
18.
by dropnerd 4y ago
radical idea- cex balances should be public and linked to deposit and withdrawal addresses
19.
by dropnerd 4y ago
if you decide that you don't like a picture, you can delete my record. if you lose interest and turn off the db, the record is gone. if your site goes down, i can't transact anymore. the ethereum blockchain is hard to censor, hard
20.
by dropnerd 4y ago
very different culture from current nft adopters. we will find out if the crowd looking for trusted/curated/permissioned collectibles and experiences looking for nfts or if the decentralization critical
21.
by dropnerd 4y ago
how did you go from "mainstream company pushes nft platform" to "nfts have peaked"?
22.
by dropnerd 4y ago
hi sonya! i'm not currently taking interviews but i'll reach out if this changes. thanks for the interest! dropnerd
23.
by dropnerd 4y ago
very cool design work. are you planning to roll out an ethereum version?
24.
by dropnerd 4y ago
this seems like an awesome addition. if short enough, it can be placed where the serial usually goes
25.
by dropnerd 4y ago
it surfaced for a day or two on my twitter timeline and then disappeared
26.
by dropnerd 4y ago
there's no need for drm. the maximalist stance is that nft collections don't need protection with existing ip laws. the pragmatic stance is that enforcement through traditional ip laws is enough to keep infringing businesses unpro
27.
by dropnerd 4y ago
nft-native brands (ex. bored ape yacht club) will be polarizing brands like supreme or rolex or hermes. many people will think it's dumb. the target audience won't care. mainstream brands will adopt nfts as ways to engage super fa
28.
by dropnerd 4y ago
a receipt is a very expensive use of blockspace.
29.
by dropnerd 4y ago
> worthless digital content digital art isn't worthless. it was just hard to transact before nfts.
30.
by dropnerd 4y ago
if they're all wash sales, how did i sell 180 eth worth? they would ignore my listings, yes?

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