Lastly, shout out to all the $ALEX holders for making my dream come true, the crypto-native way. A year ago, I had no money, was stuck in COVID, and couldn’t make it to SF.
Founding a company was always my goal. Grateful to everyone who participated in my small ISA in May ‘20.
Do you want to reinvent social media with us, and usher our society into a new paradigm?
Join us, we’re hiring for an exceptional founding engineer (frontend)👇 / FIN notion.so/Founding-engin…
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[THREAD] Last month I started a Telegram group around what I firmly believe will be the next huge #DeFi trend: undercollaterization.
Here are my takeaways and pieces from the brilliant people who took part in the discussion:
First, context. DeFi only leverages overcollaterization because it’s the easiest enforcement: you can be 100% sure one will repay risky/volatile positions (smart contract risk aside)
But the world isn’t made of rich Compound whales. Actually, undercollaterization is everywhere.
Whether it’s social credit rating, or fractional reserve banking, loans, it’s all undercollateralized.
Yes, it’s prone to mistakes, but this time we can make it *transparent* and permissionless (which means more liquid for everyone). It’s healthier
First, iPhone’s architecture & culture is _opposite_ that of Nokia, and yet claims to offer same solutions: phone calls, text, MMS…
Second, iPhone is considered a phone ‘blue chip’, thus colors perception of uninformed newcomers.
I've followed the iPhone since 2004 & feel a responsibility to share my concerns. IMO contrary to its marketing, iPhone is at best a science experiment. It’s sold 2 millions in 2007, which I think is still too high.