DeFi

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General thoughts after trying out @bracketgame for the masters.

- The hard cap of bets is great for newcomers but that clearly leads to market volatility. Everyone either max bets shares or not, so you end up with huge changes in prices as soon as information gets revealed during the games. 

- I'm really not sold on AI betting. The problem is it takes a long feedback loop time between a price quote and landing the transaction. Especially for Rory and Dechambeau late, you'd get a quote, then ask to purchase, and the price would significantly move against you. I guess the selling point is the AI but its just a novelty if you consistently get terrible execution. Just make a UI at that point and have slippage bounds like a standard defi swap.

- On the AI it clearly broke with trades not executing at the end when Rory and Rose were battling.

Overall I think this mix of AI and defi is really cool, but its got a long way to go before this stuff is used in general trading application.

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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I'd like to see it work but especially at the end when Rory and Rose were going back and forth, the big issue was the LLM was taking a ton of time to respond. It causes large differences in prices between the quoted price and the final.

Its difficult for me to say LLMs and blockchains can work if the time between a quote and order with no slippage being placed is 2 minutes with two LLM prompts round trip. Cool idea but there's some fundamental computer science that seems to be a bottleneck.

Yeah totally feel you on this — the AI stuff sounds cool but if it keeps messing up your trades, what’s the point? Just give us a simple UI with slippage limits and let people actually play the market. Hope they clean it up, cuz the idea itself is pretty sick.