Doesn’t DeFi looked better and better when you hear of centralized structures mismanaging assets and liabilities? 

Sometimes smart contracts > smart people 🤷‍♂️

“Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” - Ludwig Von Mises (1912)

I want DeFi to proliferate - which requires institutional participation. Almost all institutions of size are structurally incapable of utilizing DeFi innovation without a regulatory framework. 

Does SBF’s proposal work 🤷‍♂️. 

Unfortunately most of what I read criticizes his potential motive, not the propos

With so much wealth tied to their ownership stake, I wonder if these folks cashed in and diversified much during this period. https://i.imgur.com/PzVhRYP.jpg

If the Fed *really* wanted to restore credibility, they would raise rates with a hyper-specific number.

Powell would start the presser with:

“You guys were thinking 75 bps, but we actually need 74.71 bps to hit our target 🤓.”

Investor at Access Ventures and a pleasure to be around

TJ Abood

@tj