By: evankuo on Aug. 6, 2020, 6:31 p.m.
Excellent. Thanks for sharing. No surprise in the conclusion, as the protocol is incompatible with single variable asset trading strategies.
Exactly!
ARB, as a zero latency trade, with zero theoretical BETA, will always be profitable. I w...
By: evankuo on Aug. 5, 2020, 7:08 p.m.
By: evankuo on July 31, 2020, 4:58 p.m.
Note—This is ported over from an old post written before launch. Please note that since this was originally written, the value of rebase_reaction_lag has changed from 30 to 10. Basically any time you see the number 30 replace it with 10, the same ...
By: evankuo on July 23, 2020, 5:32 p.m.
How does AMPL retain scarcity?
Good question. AMPL scarcity is determined by a set of rules in the protocol that proportionally increases or decreases the supply of tokens in user balances based on volume weighted average price. In this sense...
By: evankuo on July 22, 2020, 6:51 p.m.
Just throwing up some old sketches I made for our original Ampleforth pitch deck.
This is Alexander Hamilton, first secretary of treasury.
This was part of a slide talking about how cosmically innovative th...
By: evankuo on May 17, 2020, 2:45 a.m.
This is pretty hilarious. Isn't it possible that wizarding monies have some non-monetary use? They are allegedly made of precious metals, but support multiple denominations which is strange. Wonder how they prevent wizards from counterfeiting.
By: evankuo on April 30, 2020, 1:28 a.m.
At a glance this makes sense to me, thinking about ETH as comparable to a natural commodity money, and imagining the origins of hedging. I'll do a deep dive and come back with more questions, but one out the gate is.
Q: "Can't I just hold dollars...
By: evankuo on April 27, 2020, 10:23 p.m.
The key thing to note here, is the problem we're talking about concerns the use of commodity-monies (like gold) as a reserve asset in support of a wider banking system.
Systems like the Gold Standard (or Bretton Woods standard) — are immune to i...
By: evankuo on April 27, 2020, 8:21 a.m.
Modern money is debt and debt is money—Philip Coggan.
Few would disagree with this claim. Yes, the vast majority of money circulating today—so-called broad money—represents a specific type of credit-debt relationship.
But the modern econ...
By: evankuo on April 24, 2020, 6:22 p.m.
Great find Nithin!
My sense on this is two-fold:
Given how...
By: evankuo on April 23, 2020, 8:30 p.m.
An oldie but goodie post, ported over from something I originally wrote for the Defiant. I'll note that this drew attention to the problem of liquidity crunches and centralized collateral assets—before the MakerDAO collapse on "black Thursday."
...
By: evankuo on April 23, 2020, 5:19 p.m.
Talking about Keynes and Hayek in relation to oil is a little weird here... Sure, real world events caused the demand of oil to dry up, but that's natural given the lockdown. Would a keynesian argue we need to stimulate demand for oil right now...
By: evankuo on April 22, 2020, 10:55 p.m.
Say I'm a builder. To build something new, I have to have an idea of how things ought to be. Then, to get new users, I need to tell them how this new platform gets us there. I'm totally ok with that!
I actually don't think most people know th...
By: evankuo on April 22, 2020, 8:59 p.m.
Something like 35% of corn is used in ethanol. As a result corn is a commodity with an extremely tight link to the fate of oil and the dimishing consumption of gas, but not from a transportation cost of the commodity perspective
Yeah it's a b...
By: evankuo on April 22, 2020, 12:31 a.m.
It's crazy to think about how novel the concept of supply contraction (as a direct function of demand) really is.
Folks would certainly be happier right now with oil as an asset, if its supply could decrease without environmental cost. We're fac...
