The crypto 2.0 industry has been making strong progress in the past year developing blockchain technology, including the formalization and in some cases realization of proof of stake designs like Slasher and DPOS, various forms of scalable blockchain algorithms, blockchains using “leader-free consensus” mechanisms derived from traditional Byzantine fault tolerance […]
Monthly Archives: August 2024
124 posts
In 1688, Joseph de la Vega wrote, “Profits on the exchange are the treasures of goblins. At one time they may be carbuncle stones, then coals, then diamonds, then flint stones, then morning dew, then tears.” He was writing about the trading of shares on the Amsterdam Stock Exchange of […]
One of the criticisms that many people have made about the current direction of the cryptocurrency space is the increasing amount of fragmentation that we are seeing. What was earlier perhaps a more tightly bound community centered around developing the common infrastructure of Bitcoin is now increasingly a collection of […]
Perhaps the biggest tradeoff for equity portfolio managers is between specialization and risk reduction. The fewer stocks they research and include in their portfolios, the better their understanding of the underlying companies and the better their chances of generating excess returns by focusing on their high-conviction positions. On the flip […]
First of all, happy new year! What a year it has been. With a little luck we’ll surpass last year with an even more awesome year. It’s been too long since I’ve given an update on my side of things and that of the Go team and mostly due to a lack […]
The Technological Revolution in Financial Services: How Banks, Fintechs, and Customers Win Together. 2020. Edited by Michael R. King, CFA, and Richard W. Nesbitt. University of Toronto Press. The Technological Revolution in Financial Services: How Banks, Fintechs, and Customers Win Together, edited by Michael R. King, CFA, Lansdowne Chair in […]
Back in November, we created a quick survey for the Ethereum community to help us gauge how we’re doing, what can be improved, and how best we can engage with you all as we move forward towards the genesis block release in March. We feel it’s very important to enable […]
Introduction Ted Theodore first wrote about value versus momentum stocks way back in 1984, but almost 40 years later, there still is no real consensus among investors or academics on what is driving either strategy. That’s not due to a lack of research. Thousands of papers have scrutinized equity factors […]
Special thanks to Vlad Zamfir and Jae Kwon for many of the ideas described in this post Aside from the primary debate around weak subjectivity, one of the important secondary arguments raised against proof of stake is the issue that proof of stake algorithms are much harder to make light-client […]
Yvette’s inbox dings at 3:02 pm on 13 May 2038. It’s the list of trades executed by the algorithms that day. A quick review raises no red flags, which is good because she is headed into a sign-on meeting with a new client. “I need this money in the next […]
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