Last night over dinner I got some wonderful GFC stories from some folks who are now in the books...

And I can't help but think the UK bailout this week might have been the bear sterns moment of whatever is coming next...

Welcoming you to the ￼Far Side. 

Managing Director at Proof Group 

I worked across the street from Bear that summer

and the day after their hedge funds blew up in 2007, there was an armored Nato car parked out front
I thought "that doesn't look good"..

https://archive.ph/AGjyF

But I was young and couldn't really tell you what was normal vs not normal for a workplace. Just struck me as odd at the time...

in the GFC....the guys doing the CDO plumbing knew things were bad (and where the bodies were buried) long before anyone else.

I can't help but think crypto living thru Ponzu season has given some a little bit of edge/healthy skepticism about how quickly things can break..

I was a CDO quant on the front lines in 2008, every crypto cycle feels similar but the composability in this case Is actually real time and worse￼.￼ Zero Buffer or slack￼ for intervention, oh wait, intermediaries…

Co-Founder of {Underscore VC, Opensource VC} 
Believer in the power of communities and open software 

outside of crypto, are you watching any markets w interest presently?