DeFi
DeFi Dynamics. Exploring the Future of Finance.
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My humble political ETH opinion: Cypherpunk ideals are dumb and we should adopt more of the viewpoints of the extropians. The extropians believed bottom up financial technology is a massive unlock for society and its ability to absorb swaps of time and risk. It allows your society to think longer term and not get rekt, and if you look at how people move from poverty to wealth, its essential to getting there. Considering the EF has to be begged to use the products, you can see they look down on this. The reality is DeFi is the fundamental thing with traction and use cases that everyone can use to engage in global finance and secure property rights. The punks are anti-finance to a fault. You cannot gain traction and users with promises of kumbaya. Ethereum is far too punk, where we ostracized financial primitive protocols that give much more power to users than any technology ever could have. By silencing the financiers, you only left the loudest scammers with huge marketing budgets in the room.
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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.
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