@_jillruth Are you asking about Mezzanine Financing?
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Big High Wall Capital
142 posts
Hey FinTwit - what are some examples of institutions or individuals lending out assets that are also tied up as collateral on a loan? Is this a thing that happens? Is the outcome a disaster?
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@melonport @hummingbot We've helped several DEX's approach all 3 problems. Happy to help if we can.
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Micheal Feng of @hummingbot. "We need more liquidity for DEX to take off. Its no surprise there isn't more liquidity with spreads so wide" So where are the market makers? 3 challenges: 1. Technical risk 2. Regulatory risk 3. Inventory risk.
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Big High Wall Capital retweetledi
What's a market maker? It's someone who has bids and asks sitting in the order book providing liquidity. He's happy to buy or sell. He does best when in a ranging market where he guessed the range right. If the market breaks out of his range, he can lose money. They can go broke.
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Big High Wall Capital retweetledi
Semada’s Analysis of the Reserve Stable Currency Protocol link.medium.com/6AaJ2SmLvT
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@CumberlandSays You don't see posts like this every day... Why is @CumberlandSays giving out this information?
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Desk Update: Historically, our OTC trading is relatively balanced between buyers and sellers. Over the last week, our OTC buy/sell ratio (by notional value) has increased approximately 60% towards counterparties buying.
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Big High Wall Capital retweetledi
@Jason_Rowley @crunchbasenews We're hearing this is because they haven't been able to close checks from that monster round at the end of Oct -- any word on this?
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Remembering CMGI from the internet boom. Feels like this could be written about almost any crypto VC today. Note that they thought of Amazon before Amazon and Google before Google, but couldn't survive long enough to make it matter.
nytimes.com/2000/12/10/bus…
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@bloXrouteLabs @AthenaBitcoin @attestID @BOBmeetupCHI @bloqinc @ChicagoHodl @ChicagoVentures @ConsenSys @ConvexLegal @CryptoKeyStack @Cryptorithmic @CumberlandSays @decredproject @DRWTrading @FigmentCapital @GordianBlock @hydeparkvp @jumpcapital @OCAVentures @OpenFinanceIO @Pinkcoin_ @ProtaVentures @TasitLabs Thanks for the shout out, @bloXrouteLabs!
There are many more Chicago-based projects worth a look -- @SeedCX... @BeaxyExchange... @BitcoinBravado...
And don't forget our partner, @rcmAlts !
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The #Chicago blockchain community is growing! Here's a few of the projects making waves in Chi-town
@AthenaBitcoin @attestID @BOBmeetupCHI @BigHighWallCap @bloqinc @ChicagoHodl @ChicagoVentures @ConsenSys @ConvexLegal @CryptoKeyStack @Cryptorithmic @CumberlandSays @decredproject
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@DanGunsberg Been a while since I checked in with them, but @SqueezerIO is 5-for-5
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@ChicagoHodl @FTC @accounting @ConvexLegal Compliance is not that hard.
The rules on securities marketing are clear and there's excellent legal guidance that might take a few hundred minutes to read and digest.
Why people treat the SEC like the Wizard of Oz is a mystery.
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A great thread for all of our projects. The laws of disclosure for #Crypto also follow all the @FTC regulations. We are sure our friends @accounting, @ConvexLegal, and @BigHighWallCap would agree, when in doubt consult an Attorney or Professional Fiduciary, not Twitter.
Meltem Demirors@Melt_Dem
quick thought on the SEC charges against Mayweather / DJ Khaled - 1. celebrities promote products all the time without disclosing it's a paid ad. the @FTC has repeatedly had to remind social media "influencers" of the rules. (see here: ftc.gov/news-events/pr…)
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@EpsilonTheory The main problem I see is that crypto is fighting a different fight - against your "Caesar" - to the same end.
My hope for crypto is that it's a barter system with a global reach. If that's still "of" the world you disdain, it's not clear where reconciliation happens?
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@BigHighWallCap I'm sure you're right! But there are more of us than you think. And I'm not asking anyone to take a vow of poverty. It's possible to be in the world - and do well in the world - without being of the world.
As for what then ... we seek liberty and justice for all. Imagine that.
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This idea that a system is robust iff it's supported by embedded financial incentives is a core tenet of The Market religion. It's also a fiction.
Example: extremely robust nat'l defense systems are maintained effectively by personnel w/ ridiculously small financial incentives.
0x1NotMe@NotMe_T
@EpsilonTheory Interesting read but who is going to defend the DLT when there is no financial incentives to operate the network? This is the fundamental misunderstanding with Bitcoins security model. Security and censorship resistance comes from incentives of running (mining) it.
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@EpsilonTheory Give crypto -- $BAT or otherwise -- a spin. It's not salvation, at least not yet, but it's at least courageous enough to try to change the status quo.
Full Heart.
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@EpsilonTheory This is circular.
The whole data economy exists b/c of economic incentives. It's exactly the kind of system Jesus would have left to Caesar in your story.
Even if the cable/telcos play to your script, they're playing to their self interest. Clear eyes.
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I'm familiar with $BAT. What I'm saying, and I don't begrudge any of these efforts and I understand why they went this route, is that tokens like $BAT exist to monetize the system. I want zero monetization, making any token framework an unnecessary overhead.
Big High Wall Capital@BigHighWallCap
@EpsilonTheory Crypto can help with this! It offers a (relatively!) straightforward path to allowing us to be our "own" data photographers. @brave 's "Basic Attention Token", $BAT, provides a noteworthy template for this concept. Have a look!
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@EpsilonTheory But that's exactly how the system they've -- GOOG/FB/AMZN -- built works.
And nearly every user accepts it, in part because there exists no tool to lever against the status quo. The gift has been given, so to speak.
Can crypto turn the tide? Can we know before we try?
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@BigHighWallCap Of course it's ours, exactly like a photograph. You can't photograph me and use my likeness for commercial purposes without my express permission. And for an effective monopoly service to claim that I give them "permission" simply by using their monopoly service ... please.
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#1: No.
#2: Money is a signifier of external value; it is created by Caesar to make taxation easier. Some data (for example location data but not transaction data) is a signifier of our identities; it is created by us and is simply stolen by GOOG/FB/AMZN.
Big High Wall Capital@BigHighWallCap
@EpsilonTheory We're up for this research program, but scope isn't clear to us yet. Two questions: 1. Has @EpsilonTheory "used" crypto? If so, for what? 2. If "money <inextricable> Caesar" is a system we must leave to Caesar, how can "data <inextricable> GOOG/FB/AMZN" be different? /ML
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