Published inDataDrivenInvestor·Dec 17, 2022Blockfi and Human StupidityDear Friends, Today, I would like to discuss how the heights of greed degenerate into human stupidity and why “enough” is never really “enough”. …Cryptocurrency5 min readCryptocurrency5 min read
Published inDataDrivenInvestor·Nov 24, 2022When to SellWhen to sell. This is something I have been thinking about, ever since the last price collapse in 2018–2020. I lost a few million dollars in paper wealth back then. Perhaps I held on through the slow death of the bear market out of greed, that would be a fair…Cryptocurrency5 min readCryptocurrency5 min read
Published inDataDrivenInvestor·Oct 10, 2022Why Tokens Have ValueI would like to have a discussion about why crypto assets have any financial worth at all. Because, you can’t eat them can you? The argument laid out by crypto opponents is that there is no foundation for assigning value to crypto assets, they throw off little in terms of…Cryptocurrency4 min readCryptocurrency4 min read
Published inDataDrivenInvestor·Jul 5, 2022Neck Deep in Incentivized TestnetsI have always made the argument that the chances a crypto asset will “disappear” or “go bankrupt”, are inversely proportional to its number of users. The recent collapse of Luna shows what happens when holders lose confidence and begin to abandon a project en masse. But what about projects that…Cryptocurrency5 min readCryptocurrency5 min read
Published inCoinmonks·Mar 20, 2022Crypto Growth is Free (as in Beer!)I am interested in exploring the idea that it is much easier to evaluate the potential for price appreciation of a crypto asset, as opposed to that of a traditional stock, because crypto growth is not financed by debt. This, on its face, is a curious idea. What effect does…Cryptocurrency4 min readCryptocurrency4 min read
Published inDataDrivenInvestor·Mar 8, 2022The Magic Lock Box of ValueThere is a magical lock box of intrinsic value, and it accrues credit every time a crypto ecosystem grows or gets used. This magical lock box has nothing to do with any assets “price”, as matter of fact, the value of the contents of the lock box, and what the…Cryptocurrency4 min readCryptocurrency4 min read
Published inDataDrivenInvestor·Nov 12, 2021Stubborn PabloI am very stubborn. This has been a great boon for my investment career, because I am quite indifferent to market cycles and the latest fads. I am proud to say I only invested in one ICO in 2017, and it turned out great (Tezos). …Cryptocurrency6 min readCryptocurrency6 min read
Published inDataDrivenInvestor·Sep 19, 2021How to Value a New Crypto AssetFor the last few months, I have been thinking a lot about how to value, or at least gauge, whether a newly released crypto asset is trading at a price that favors purchase, or perhaps sale, if we are looking a few years down the road. The standard way of…Cryptocurrency6 min readCryptocurrency6 min read
Published inDataDrivenInvestor·May 21, 2021Crypto Assets Are Primarily Communication NetworksWhen I was in college there was a joke going around that the easiest way to piss off the physics professor was to ask him “what is gravity?”, upon which the professor would launch into a 45 minute diatribe on gravitons and the latest advances at CERN; but the truth…Cryptocurrency4 min readCryptocurrency4 min read
Published inDataDrivenInvestor·Dec 29, 2020Mr. Market vs. Mr. ICOBen Graham was a towering intellect. He wrote a book which has inspired legions of hedge fund managers and smaller investors to wealth, and quite interestingly, they all took the basic concepts laid out in this book, but applied them in radically different ways. …Bitcoin5 min readBitcoin5 min read
