The cryptocurrency market is inefficiently priced because of information asymmetry and pervasive cognitive bias such that black swan-type events are possible and already occurring. In the last few years, nearly any investment in low market capitalization cryptocurrencies has been, to varying degrees, a high beta call option for the cryptocurrency…

SpaceX Falcon 9 Launch in California. Sauce

The billionaire investor Michael Steinhardt required of his interns the following framework for pitching an idea:

He should be able to tell me, in two minutes, four things: (1) the idea; (2) the consensus view; (3) his variant perception; and (4) a trigger…

Tesla Spaceman (http://www.scmp.com)

Recent history has shown us what Bitcoin is not. In times of high volume, Bitcoin is continually burdened by a fundamental inability to scale with high fees and slow transaction times. This constrains Bitcoin to one use-case and one narrative that has been adopted by even the smartest commentators in…

If you have read my posts over the past year you know I have reiterated a few key points. The first is that Ethereum’s future is reliant on the implementation of Proof-of-Stake (PoS). The second is that Bitcoin’s utility is steadily declining. The last is the inevitable arrival of blockchain…

There are many Ethereum fallacies that dissenters continually cite as reasons for why Ethereum should fail. Here I will attempt to “strong man”, as opposed to “straw man”, the 3 Ethereum fallacies I read most often. …

Parker

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