Sam Bankman-Fried claimed ignorance on many topics while answering questions via video call to the New York Times Dealbook Summit.
The macro and crypto economic thesis for 2021, building out the linkages between “Risk-On” assets, flows into and valuation of Bitcoin and Ethereum, and the interplay between value locked, the growth of decentralized application revenue, and the volumes around digital objects. We bring it all together.
In this conversation, we have a really cool conversation on fintech, crypto assets, payments and all the things around it with Ivan Soto-Wright, the CEO and Co-founder of MoonPay.
More specifically, we discuss Liability-driven Investment (LDI), the proliferation of AI in personal finance to drive sound decision-making, innovation in finance is following the same trajectory that resulted in VOIP for the telecommunication industry, the geographical maze of crypto KYC, payment networks, and crypto payment processing.
VC3 brings decentralized autonomous organizations (DAO) to venture capital by using the power of a very selective crowd.
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BAYC has 10% of the total market cap of NFTs, this project has been at the center of the conversations about copycats.
I presented earlier this week at the Ally Invest virtual conference, and the prompt asked for a description of what happens to finance from Fintech to Crypto / Blockchain to Augmented Reality / Virtual Worlds and finally to Artificial Intelligence.
DAOs have recently gained traction as more blockchain-powered projects look to go fully decentralized at all levels.
We focus on the law of unintended consequences, and how making rules often creates the opposite outcome from the desired results. The analysis starts with the Cobra effect, and then extends to a discussion of the Wells Fargo account scandal, dYdX trading farming, Divergence Ventures executing Sybil attacks, and Federal Reserve insider trading. We touch on the concepts of credit underwriting and token economies, and leave the reader with a question about rules vs. principles.
While there will likely be a change in how organizations use sanctions as a tool, their increased use looks to continue.
The DeFi world hasnt had the best year, with multiple entities entering law suits and bankruptcy. Yet, another crypto exchange is launched.