Fred Ehrsam
@fehrsam
2 weeks ago I tried an experiment in bounty based research. Could a $1k @bountycaster bounty successfully solve a research question? TL;DR: Bounty-based research worked pretty well!
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Fred Ehrsam
@fehrsam
The question: Will stablecoins become the largest holders of US debt?
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Fred Ehrsam
@fehrsam
First, the bounty winners. I originally posted for a single $1k winner but after seeing the submissions decided to give 3 $1k winner bounties and 1 $250 honorable mention.
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Fred Ehrsam
@fehrsam
The winners: 1) @jeremybatchelder https://docs.google.com/spreadsheets/d/15sxp6czHBSuJzfP3jcgp89pMo2VmzSr3ypXXkjGCxs8/edit#gid=809946059 2) @lxn https://drive.google.com/drive/folders/1UFYVzkU1UaF1pwBxS23WcDjldT0OILOs 3) @michaellwy https://docs.google.com/document/d/1xdnsVk-Q0h2Vrc_Ggaisqozr9vB1yMB8/edit
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Fred Ehrsam
@fehrsam
Honorable mention: @paulx https://warpcast.com/paulx/0x0645138f
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Fred Ehrsam
@fehrsam
It turns out $1k brings quality answers to make it worthwhile, especially for questions that are open ended logically and in supporting data. It did require work: reading submissions and stitching them together. But I'd try it again for an open-ended question that ChatGPT (at least currently) would struggle with.
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Fred Ehrsam
@fehrsam
Now on to the question: Will crypto stablecoins become the largest holders of US debt?
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Fred Ehrsam
@fehrsam
The analysis revealed: - Stablecoins are on track to be in the 10 largest holders of US debt within 10 years - A simple extrapolation of the last 3 years would make stablecoins the largest holders of US debt in the world
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