4/ "I am very bullish on blockspace...the same way we are debating blockspace now, people were debating broadband...funny enough [back then] people thought we had too much broadband" @cdixon
"Not being long blockspace is like not being long broadband" @RyanSAdams
5/ "The history of working in the internet is people telling you what you are working on is a toy...there never is an intermediate space where what you are working on is 'pretty important' 😂" @cdixon
6/ "If you step back and look at the broader trends, there's a lot to be optimistic. I believe we are in the golden period of web3...if you look at the 15-year computing period cycles, there are 1-2 periods of [rapid innovation]." @cdixon
This is where we are today.
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“As long as there is a market with a price, the lending protocol can give a loan against it, when the value drops, you go through a liquidation process”
Important Pieces: Efficiency of assets, pricing accuracy
2/ We are working on a loan base market for NFTs…starting with Bored Apes…but floor price is too volatile…for liquidation, you don’t want to liquidate someone for [manipulative] floor drops…we accommodating for “instant dump” situations
"It was reckless financial engineering...it was pretty predictable if you had a little perspective...and a little sense...[but] it was veiled in complexity"