KC

@therealmrbench @ronmortgageguy can you make this math work?

Did you know it only takes the average Canadian under 4 years to save for a down payment? That is what Carney said at his press conference in Nepean

@_MLFootball @Blitz_Burgh @Blitzburghstil1 @SteelersWin109 @KDPomp @ThompsonFoto12 @NealCoolong @Jerrythekid21 @KevinAdams26 Easy one - Bo Jackson.

Player that was on the fast track for the Hall of Fame before their career got wrecked by injury, off-field, etc… I’ll start: Ryan Shazier

@Franchise9494 @Rioux5471 @novogratz @KeithGrossman @moonpay @LucaNetz Love the Blackberry.

@Rioux5471 @novogratz @KeithGrossman @moonpay @LucaNetz Here Mike, limited edition for ya. $GLXY

The toy collection is growing!! Thanks @KeithGrossman and @moonpay and @LucaNetz!! The Pudgy collection is 🔥. The MoonPay brass rocket should be a NFT!!

@MFJones000 @legen_eth @QuCapLLC You need a comma between “fucked” and “their baby”…just saying.

@legen_eth @QuCapLLC No Galaxy Digital $GLXY? It might be worth your time to take a look. Think of it this way - Vistra $VST, Coinbase $COIN, and Goldman Sachs $GS fucked their baby would be Galaxy Digital with only a $7B market cap

Should I move all my cash into crypto? Or buy real estate? Help.

Free speech under pressure? Call FIRE!

@Eastman884 @Beagleboiy Nov. 7 before TSX open.

@Beagleboiy Tentatively scheduled for November 12 now is what I'm seeing.

$glxy Do we have a date yet for the November call?

@SullyCNBC That. Is. Just. Awesome.

Know-it-all is hyphenated

It is amazing how peaceful life can be once this is mastered…

@RockLovesMe2 Stone Gods

I'll start... Cinderella!. Now you??

@wclemente @WSJ @SenWarren @GaryGensler @JoeSquawk

Treasury's Head of FinCen and OFAC today: "We also asses that terrorists prefer to use traditional products/services [as opposed to crypto]" Your move @WSJ @SenWarren @GaryGensler -- when are you going to apologize for lying to the public about misrepresenting Bitcoin/crypto?

@VivekGRamaswamy Triffin’s dilemma.

The fact that the U.S. dollar is the global reserve currency is a *good* thing for us both economically (reduces borrowing costs) & geopolitically (more leverage over adversaries). But that also means the dollar trades at an “artificially” higher level than other currencies because there’s perpetually an extra bid for its reserve status. This makes U.S. manufacturers incrementally *less* competitive, for no fault of their own, because U.S. exports denominated in dollars are artificially more expensive than imports of those same products. This exacerbates the hollowing-out of the U.S. manufacturing base & ought to be an important economic policy consideration that both parties have missed.

@dotkrueger Now do Sortino. 😂

Why Sharpe ratios are the cause of all failure in finance, and why TradFi can't get the risk return trade of Bitcoin. A long(ish) post: The idea of normalizing mutual fund performance by dividing realized returns by standard deviation was introduced in 1966 by the economist William Sharpe. As a tool, it grew more and more prevalent in Finance, especially during the golden era of hedge funds. It was viewed as a single yardstick, that could be applied like a Parker Score in wine appreciation to mathematically evaluate a fund's performance. The problem is, like any single metric, it was gamed. By effectively taking a short volatility position at all times, funds could produce high sharpe ratios for two, three or four years in a row, cash out, and then crash the system. This is what happened to LTCM. This is effectively what happened in 2008. What appeared "safe" was really hiding massive risk. By this point, the TradFi world had gotten so burned with hedge funds, that 1% interest rates was somehow viewed as "a good long term trade". The last thing you wanted was taking any kind of risk. The massive accumulation of long term debt at negative real interest rates is the flip side of this failure to understand the role of risk in returns. Its why Buffet and Vanguard ended up with all the money, and why the entire system is now effectively bankrupt. It's also why 90% of TradFi did not see Bitcoin coming. Despite the fact the current Sharpe Ratio of BTC is 1.62, the mere idea of 80% vol is outrageous to most TradFi investors. This despite another part of their brains being OK going long FAANG stocks. The big problem here is an over-reliance on mathematical models by people who fundamentally don't really understand math. "A Sharpe of 3" sounds fantastic to a Southhampton Finance Bro, but said Bro has no understanding, for example, of what the Central Limit Theorem is. Some old timers who have crossed both worlds like Greg Foss or James Lavish will understand this post well.

@dotkrueger @novogratz

Is the SBF Bankruptcy estate behind GBTC dumping in a significant way?

@dotkrueger maybe we can have a math off w this guy.

In the end, only three things matter: how much you loved, how gently you lived, and how gracefully you let go of things not meant for you. - Buddha

@Micro2Macr0 @Bill121281 @CK_Cryptoklepto @aanjanmidha @adam3us @theweb3sharma @JSeyff @sebastian_ski @EricBalchunas @EleanorTerrett See below…

But let's say they hold paper orders all day. What happens in the price at the end of the day is 10% higher than earlier in the day? There's some way where these things are being settled inline. We're missing something here. It would be TOO RISKY to settle one time a day. Bitcoin is NOT a slow moving asset.

Creation Early Order Cutoff Time is 18:00 ET This is when the ETF demands that the APs buy the Bitcoin, presumably? So real demand bites tonight? IDK

@mcuban may want to chime in on this one...

@novogratz Happy birthday!

Just realized in almost 31,000,000 minutes old. Might have a good 10-15mm minutes left….. no time to waste!!!!

Now @Jack_Hinsperger gotta find a place to live…