Joseph
@JosephA140
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Exploring the world, one idea at a time. Former @Citi Research Crypto Lead.
Joined September 2013
Italian Beach Volleyball Bombshell Giorgia Zannoni Goes Viral: Jaw-Dropping Stretch Caught on Camera [PHOTOS]
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I spent 100βs of hours writing research on tether for @Citi. @CryptoHayes missed a few key points. 1) ππ‘ππ’π« ππ’π¬ππ₯π¨π¬ππ ππ¬π¬πππ¬ =/ ππ₯π₯ ππ¨π«π©π¨π«πππ ππ¬π¬πππ¬ When tether generates $ they have a separate equity balance sheet which they donβt
The Tether folks are in the early innings of running a massive interest rate trade. How I read this audit is they think the Fed will cut rates which crushes their interest income. In response, they are buying gold and $BTC that should in theory moon as the price of money falls.
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DATs not going to last The last βtraditionalβ bubble cryptocurrencies experienced was in Q4 2017, characterised by double or even triple digit % days, an influx of new participants such that exchanges couldnβt keep up with demand, speculative ICOs, record volumes, new paradigms,
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Coming December 9 at 8:00 AM PT, our last Microsoft Research Forum episode of the year.Β Register now:
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For full article w/ images & references the substack is below. https://t.co/eADm7eiLJS I don't really have an aim with any of these pieces, just to write and explore ideas I find interesting. But I can appreciate how random some of the topic may be to many.
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If youβre reading this, the likelihood is you have a smartphone addiction. Some days, like millions of other humans, I lack motivation, dread performing basic tasks, and occasionally feel numb or anxious. If you find yourself occasionally feeling those things, or worse yet, find
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I wrote about this in August at the beginning of DAT mania. This was an inevitability, and sets out a recursive precedent for several other companies to spit out their underlying holdings. https://t.co/MpjKBTalPO
[ ZOOMER ] ETHEREUM DAT, ETHZILLA, SELLS $40M OF $ETH TO FUND STOCK BUYBACKS: PRESS RELEASE
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You won't think a top is possible by the time peak price action is here.
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Full substack here for people that enjoy. https://t.co/IW8YWtr91X
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DATs not going to last The last βtraditionalβ bubble cryptocurrencies experienced was in Q4 2017, characterised by double or even triple digit % days, an influx of new participants such that exchanges couldnβt keep up with demand, speculative ICOs, record volumes, new paradigms,
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While I fully believe in the benefits of crypto (now more than ever) I am increasingly wary and skeptical of the shenanigans of the crypto industry and am compiling a running list of behavior to be wary of. Here are a few: 1. The most likely motivation of a central player
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The reason crypto is still clearly contrarian is the equity risk premium Basic finance (Modigiliani/ Miller) established that debt and equity are substitutes for financing a business and should have the same cost (WACC) The reason many meme stocks became such violent short
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https://t.co/jzSgtDBQzl "That age" he's referring to is 14-17 year olds. Bitcoin cannot fix this.
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Someone check his hard drive. Immediately.
@catturd2 @BasedMikeLee FYI. Pedophiles are attracted to pre- pubescent girls and boys. I'm not defending Epstein. But he had sex with teenage girls, 14-17 that had physically developed sexually. They were underage, so criminal and immoral, but that does not make him a pedophile.
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Just like GBTC back in the day, the entire game now - the whole thing - is figuring out how much more BTC these access vehicles will scoop up, and when they will blow up and spit it all back out again.
Bitcoin treasury companies are all the rage this week. MSTR, Metaplanet, Twenty One, Nakamoto. I think they're toxic leverage and the worst thing which has ever happened to bitcoin & what bitcoin stands for. In the right conditions, here's the mechanism of how this blows up 1/n
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The price of ETH is down and the confidence of those who believe in other chains is up - but I remain convinced the modular and L2 scaling approach is the only viable one to bring the world on chain, because it's the only free market approach to building the digital economy. The
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I was broadly just bearish the whole market here. I think $Hype is one of the few alt coins that has any intrinsic value
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