🗞️ #Business Digest 🗞️

Discussions at Token2049: Blockchain, Economy, and Hiring Trends

Participants at Token2049 are engaging in panel discussions about consumer-centric blockchain infrastructure, building on Base platform, and starting a hacker house.

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Users are also meeting up at Base Cafe during the day, and attending SynFutures panel on 17th, SG Builders Build on Base panel on 18th, and Coinbase House and Base(d) Hacker House kickoff on 19th.

One user emphasizes that hiring, retaining, and promoting people should be based on functional expertise and demonstrated judgment that delivers results. Another user discusses the current state of economy, explaining the difference between emergency cuts, programmed cuts, expected cuts, and priced-...

Base

Great to be at Token2049! It’s a packed week but I hope to see you all around. 

What I’ll be up to:

17th
SynFutures panel on Consumer-centric blockchain infra @4pm

18th
Base Cafe during the day, come say hi!!

SG Builders Build on Base panel at 6pm

19th
Coinbase House 
Base(d) Hacker House kickoff at 6pm

Founders

hiring, retaining and promoting people should be based on functional expertise + demonstrated judgment that delivered results.

People often misunderstand the difference between emergency cuts, programmed cuts, expected cuts, and priced-in cuts. What we are seeing right now is far beyond what I would describe as an emergency. Powell will likely highlight how inflation is going lower toward the 2% target and the favorable CPI and PPI numbers that are also better than market expected at the beginning. Using this as a reason for rate cuts which are above the first expectations. Currently, the market has priced in a 0.25% to 0.50% cut. Ignore short-term volatility, as the Fed will almost certainly print money again. Don’t compare this cycle to others or to other emergency cuts; each rate cut is unique and should be analyzed on its own terms.

Only someone with no knowledge about this market would repeat the mainstream narrative that others are discussing. No, a rate cut does not signal that ‘something broke,’ as some misguided analysts claim. We already know that something is broken in our system, we have known this for a long ti…