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Panic of 1907/2022
Panic of 1907/2022
The players are different, but the game is the same. F. Augustus Heinze was the founder of United Copper Company and one of the "Three Copper Kings" of Butte, Montana. United Copper produced 40 million pounds of copper a year. By 1906, Heinze was rich and set his sights on the financial markets. Heinze had two brothers, Otto and Arthur, who devised a "short squeeze," not unlike the one that happened to GameStop in January 2021. Otto had realized that United Copper had 105% short interest – i.e
·matt-rickard.com·
Panic of 1907/2022
Giving Up Decentralization: Scalability Trilemma
Giving Up Decentralization: Scalability Trilemma
The scalability trilemma states that blockchains must choose to optimize two of the three properties: * Scalability –transactions per second (throughput) and transaction finality (latency) * Security – the cost to mount of a 51% attack, cost to validate state * Decentralization – the cost and ability to run a node or participate in the network Many of the web3 call themselves decentralized de jure – the network must be decentralized due to the rules of the underlying technology: built on bl
·matt-rickard.com·
Giving Up Decentralization: Scalability Trilemma
Hitting the brakes and hoping against hope
Hitting the brakes and hoping against hope
Changes in the macroeconomic environment have pummelled the crypto sector. A recovery (or rebound) may occur down the line, but it’ll be equally fragile if things remain unchanged
·feedly.com·
Hitting the brakes and hoping against hope
Sufficiently Decentralized
Sufficiently Decentralized
Most web3 applications will probably be more off-chain than on-chain. And I think that's OK. Sufficiently decentralized technologies have a reasonably low cost of participation, a reasonably low level of censorship, and a reasonably low level of trust among actors. What's reasonably low? It depends. Take a look at how the web works today. Sufficiently decentralized – it may be difficult to become a domain registrar, start an ISP, or run your own DNS infrastructure (that others use), but anyon
·matt-rickard.com·
Sufficiently Decentralized
How decentralization and Web3 will impact the enterprise
How decentralization and Web3 will impact the enterprise
As Web3 becomes a major new industry in the startup technology sector, the question is increasingly asked, as it has been with each prior cycle of digital innovation: How it will involve business and IT?
·zdnet.com·
How decentralization and Web3 will impact the enterprise
The loan-cost tradeoff: higher EMI or higher total interest?
The loan-cost tradeoff: higher EMI or higher total interest?
When interest rates rise, keeping EMIs constant may be more trouble than it’s worth Read this edition online Monday, 20 June 2022 A weekly newsletter about how finance is getting supercharged by tech in India, and how you can make money work for you.
·feedly.com·
The loan-cost tradeoff: higher EMI or higher total interest?
How To Get Rich: Eight Secrets From Felix Dennis
How To Get Rich: Eight Secrets From Felix Dennis
Eight Secrets to getting rich, from Felix Dennis: 1. Analyze your need. Desire is insufficient. Compulsion is mandatory. 2. Cut loose from negative influences. Never give in. Stay the course. 3. Ignore “great ideas.” Concentrate on great execution. 4. Focus. Keep your eye on the ball marked “The Mon
·wealest.com·
How To Get Rich: Eight Secrets From Felix Dennis
The ladders of wealth creation: a step-by-step roadmap to building wealth
The ladders of wealth creation: a step-by-step roadmap to building wealth
In college I first heard Jason Fried from Basecamp talk about how making money is a skill—like playing the drums or piano—that you can get better at over time. That resonated with me immediately. I wouldn’t expect to be able to sit down at a piano for the first time an
·nathanbarry.com·
The ladders of wealth creation: a step-by-step roadmap to building wealth
1,000 companies per Y Combinator batch? RIP Y Combinator
1,000 companies per Y Combinator batch? RIP Y Combinator
Don’t worry, Y Combinator fans, you’ll be able to write off this entire opinion piece as the disgruntled musings of “a failed startup founder who was never able to get into Y Combinator,” because seen through one lens, that’s exactly what I am. But, damn it, for a while there, being a Y Combinator company […]
·techcrunch.com·
1,000 companies per Y Combinator batch? RIP Y Combinator