“If you can’t explain it simply, you don’t understand it.” And so it is with complex machine learning (ML). ML now measures environmental, social, and governance (ESG) risk, executes trades, and can drive stock selection and portfolio construction, yet the most powerful models remain black boxes. ML’s accelerating expansion across […]
Monthly Archives: June 2024
110 posts
The DAO soft-fork attempt was difficult. Not only did it turn out that we underestimated the side effects on the consensus protocol (i.e. DoS vulnerability), but we also managed to introduce a data race into the rushed implementation that was a ticking time bomb. It was not ideal, and even […]
Actively managed strategies should have a place at the core of well-designed retirement plans. That a broad cross-section of the industry continues to hold this view is evidenced in part by positive flows into many actively managed strategies, as well as the excess returns posted by them over the past […]
The foundation has committed to support the community consensus on the admittedly difficult hard fork decision. Seeing the results of various metrics, including carbonvote, dapp and ecosystem infrastructure adoption, this means that we will focus our resources and attention on the chain which is now called ETH (ie. the fork […]
For more reading on inflation, check out Puzzles of Inflation, Money, and Debt by Thomas S. Coleman, Bryan J. Oliver, and Laurence B. Siegel from the CFA Institute Research Foundation. As most of us in the West will take some time off at the end of the year, I want to invite you to think about […]
The primary expense that must be paid by a blockchain is that of security. The blockchain must pay miners or validators to economically participate in its consensus protocol, whether proof of work or proof of stake, and this inevitably incurs some cost. There are two ways to pay for this […]
Hedge funds have become an integral part of institutional portfolio management. They constitute some 7% of public pension assets and 18% of large endowment assets. But are hedge funds beneficial for most institutional investors? To answer that question, I considered performance after fees and compatibility with institutional investors’ long-term investment […]
I’m joining Ethereum as a formal verification engineer. My reasoning: formal verification makes sense as a profession only in a rare situation where the verification target follows short, simple rules (EVM); the target carries lots of value (Eth and other tokens); the target is tricky enough to get right (any […]
“When everyone is included, everyone wins.” “Inclusion is not a matter of political correctness. It is the key to growth.” The long-time US civil rights activist the Reverend Jesse Jackson is often quoted on the subject of inclusion and these two particular axioms of his are becoming more relevant to […]
As a global public resource, technology must remain open, accessible, and dedicated to promoting the greater good. The Next Billion Fellowship Program is a testament to this vision, seeking to capture stories of communities whose lives are changing for the better. Today, we are proud to introduce seven individuals with […]
Bitcoin 
Tether 
XRP 
Dogecoin 
USDC 
Lido Staked Ether 
LEO Token