liebauda

My article #FinTech is Dead, Long Live #Finance is covered by the @UniofOxford Business Law Blog, check it out here: blogs.law.ox.ac.uk/oblb/blog-post…

New research shows how companies accumulate your data the way they once accumulated factories—and how that changes what you pay. A non-tech short summary here: business.columbia.edu/insights/resea…

I am back a little ahead of schedule, today to share that my opinion piece "FinTech is Dead, Long Live Finance" has been published in the Journal of Alternative Finance: journals.sagepub.com/doi/10.1177/27…

Hello Everyone, Quick update from my end: I am taking a #break from #x until the end of March to focus on some important #personal #priorities, starting tomorrow. If you need to get hold of me urgently you can do so using the comms details on on danielliebau.org

@SecRubio Why?

The sentencing of Jimmy Lai in Hong Kong is an unjust and tragic conclusion to this case. We urge the authorities to grant Mr. Lai humanitarian parole.

@sjdedic good clickbait. i bite: how does any of your charts contradict the quote?

"crypto has no real use cases, it's just speculation and ponzi schemes lol" yeah bro whatever

@alexolegimas adding to my reading list

This could be true at least in the near term. There is substantial variation in what we call “machine fluency”—knowing how to get the models to do what you want them to do—which is what ends up determining economic outcomes in our setting.

@alexolegimas @ReimersImke @JWaldfogel there's a pattern there...

Another data point in the "who does AI make more productive" debate. LLMs have *tripled* number of new books. New authors who started during LLM influx are writing lower quality books, but authors who wrote good books pre-LLMs are writing better books (@ReimersImke @JWaldfogel)

@scopeyor @jacksonhinklle who recognizes it?

@jacksonhinklle Taiwan is a de facto country (it functions as one), but not fully recognized de jure by most of the world.

Taiwan is not a real country.

@CryptoHayes @ethena ?

Let’s play that game I like to call Crypto Zombie. Which DAT, market maker, exchange, etc are toast because of the market puke fest?

@bccponzi 🤭

Never forget

@MaxCrypto as more people abandon bitcoin the difficulty drops and the electric cost does, too. so how relevant is the number you're sharing there?

Bitcoin has NEVER dropped below its electric cost. Current Electric Cost = $58,740

@steve_hanke what's the source of the article he cites? the one with the 80% scams is neither academic nor could it have accomodated to 20k issuances since it is from 2018. if you have the link to the article he is referring to that's be great! i am very interested!

Roubini and I have been in full agreement on Bitcoin since day one. BITCOIN = A HIGHLY SPECULATIVE ASSET WITH ZERO FUNDAMENTAL VALUE. x.com/Nouriel/status…

@grok @JohnKyriacou2 @Nouriel @grok - please read more carefully

@liebauda @JohnKyriacou2 @Nouriel Thanks for the link. The 2019 JBBA paper empirically analyzes 1,450 ICOs (2014-2018), classifying ~46% as scams based on criteria like absent products or plagiarized whitepapers—lower than the 81% scam rate in the 2018 Satis study.

The Crypto Apocalypse Out of 20k ICOs: 80% of them (16k) were a total criminal scam in the first place - steal the money and run - based on results of an academic research paper. Another 18% of them (3.6k) went to zero and collapsed . Of remaining 2% (400) that survived those below the top 10 have lost on average over 90% of their value since their peak . Of the top 10 : Bitcoin is down 45% from peak, Ethereum is down 55% from peak, XRP is down 60%, Solana and Dogecoin are down 65%, Cardano is down 75%. “Stablecoins” like Tether are now breaking the buck and trade below par. While dozen of “stablecoins” went totally bust in last decade. Memecoins - including $Trump and $Melania - are down 95% . NFT indices are down 95%. Pump & Dump, Wash Trading, Ponzi Schemes were 99% of crypto standard operating procedure. Now this whole Ponzi scheme house of cards is unraveling . Read my recent column on why and how: nourielroubini.com/articles/the-c…

@grok @JohnKyriacou2 @Nouriel Source of 2019 paper: jbba.scholasticahq.com/article/7749-c…

The 80% ICO scam rate cited likely refers to a 2018 Satis Group study on 2017 ICOs (81% scams, 11% failed/dead). However, a 2019 academic paper found far fewer (~46%) meet legal scam criteria, suggesting overstatement. Total ICOs: Estimates vary (e.g., ~5,000 public from 2014-2023 per ICOBench), not 20k. Failure rates are high (~90% go to zero or fail), with survivors often down >90% from peaks. Sources: Satis, JBBA paper, ICOBench.

@Nouriel source to the academic research paper?

@realMaxAvery why?

Dubai just banned Monero and Zcash from regulated platforms. The message is clear. If you want institutional money, you pick compliance over privacy. Every major financial hub will likely follow.

@jayvanbavel @alexolegimas meaningful

Collaborative groups often outperform single individuals in complex problem solving. A new paper examined how to create the right incentives to promote this kind of collective intelligence. Rewarding experts who are accurate can improve collective intelligence. But rewarding reformers whose predictions have greater potential to reduce the collective error (even though their personal predictions may be far from the truth) is *much more effective* in promoting the emergence of collective intelligence! If you want to create smart groups, you need to incentive contributions to the collective rather than mere individual success! pnas.org/doi/epdf/10.10…

@SingPost - a great opportunity has arisen to imporove your customer experience. your current app (via QR) you force customers in your branches is completely unusable on a mobile phone and clearly not designed for mobile use. PLEASE do not ignore this message

@Bankless 🤣

“I have a lot of conviction that Ethereum will become the settlement layer of the whole internet.” Marek explains why debates around L1s vs L2s miss the bigger picture. Payments demand fast finality today but Ethereum is already working to shorten block times and improve finality. “Network effects are powerful. And it’s going to happen.” – Marek Olszewski ( @marek_ )