PaperImperium

I was asked to do some light diligence on an asset manager and word of advice to anyone starting up: Spend 30 minutes looking into your service providers before using them.You don’t want to use people connected to money laundering networks. And don’t use people who will show your formation documents with half-assed redactions.Relatedly, this is especially important if you’re a Dallas Federal Reserve official where setting up a Panamanian shell company through sketchy characters might give the appearance of impropriety.

I was asked to do some light diligence on an asset manager and word of advice to anyone starting up: Spend 30 minutes looking into your service providers before using them.You don’t want to use people connected to money laundering networks. And don’t use people who will show your formation documents with half-assess redactions.Relatedly, this is especially important if you’re a senior Dallas Federal Reserve official where setting up a Panamanian shell company through sketchy characters might give the appearance of impropriety.

I struggle to understand people who use AI to write emails and other information-sharing content. The whole point is to make your opinions or findings known. If you need to ask the AI for opinions or findings, maybe you don’t need to write anything.

I never know what to think when a prominent founder suddenly stops tweeting for a couple months. Is that good or bad?

If, the gods forbid, US foreign and economic policy continues becoming more aggressive, many crypto teams are going to find out the hard way that they should have decentralized control.
This is especially true in stablecoins, where it’s difficult to see an interventionist US having tolerance for founders in Europe/China running competitors to Circle (domestic), Paxos (domestic), and Tether (easy to reach in a political ally in Central America).

Can someone actually produce a person that moved from “regular bank deposit” to “yield bearing stablecoin” with no additional gymnastics like adding DeFi risk?
Or are all these banks just liars?

All these folks who seem surprised at the weight banks put on fighting stablecoin yield are clearly unfamiliar with the opposition to The Narrow Bank in the 2010s.
TLDR, folks wanted a bank that made no loans, just parked cash at the Fed. Lots of pushback. Didn’t happen.
I’ll leave you with the dark conjecture why.

I’m not sure how many people on here know I was an archaeologist, but crypto is so much less drama.
There’s no Jorge the Cuban dwarf who stole everyone’s girlfriend, no being stung 14 times by hornets and then finding the work truck was towed, no drive by Fabreeze-ings, impromptu rap battles behind the parking lot dumpster at a hotel in Bumblefuck, USA, drunk people falling into undiscovered tombs, or being escorted by the sheriff (from his car) because some ornery landowner said they’d paint the ground with your brains.
Also a lot less drinking, rattlesnakes, and machete injures (correlated?

I’m not really a fan of prospective, current, and recent political figures launching meme coins.

It’s always darkly funny to see each new cohort of delegates get the full Maker/Sky governance experience that they defended as so rules-based and transparent

Just helped pull a dog off another dog being walked in my neighborhood. Is being fostered for APS, which of course means pitbull or pitbull mix, and ran out the front door to attack.
It should be a requirement to spay/neuter them so they stop existing as a breed.

Crypto tax software companies. Please shill your best products. Premium product ok if it’s easy and good.
Honest reviews also helpful.

I see buybacks are back on the timeline. To save ourselves time and debate, I have prepared a simple quiz on when buybacks are rational.
Is the discounted cash flow of the token higher than the discounted cash flow of investing in additional growth?
If DCF of the token is higher, buyback can make sense.
If DCF of the token is lower, it usually makes more sense to invest in more growth.
You’re still financing via emissions and considering a buyback? You shouldn’t even be considering a buyback

I see buybacks are back on the timeline. To save ourselves time and debate, I have prepared a simple quiz on when buybacks are rational.
Is the discounted cash flow of the token higher than the discounted cash flow of investing in additional growth?
If DCF of the token is higher, buyback can make sense.
If DCF of the token is lower, it usually makes more sense to invest in more growth.
You’re still financing via emissions and considering a buyback? How did people trust you with their money in the first place?

With the removal of Maduro, I hope whoever comes next is good for Venezuela and that its citizens no longer need stablecoins.

I’m trying to learn more about the plumbing of off-exchange settlement/custody.
Anyone have example copies of these agreements or work in this industry and have time for questions next week? I’m trying to understand if these are all similar or have different risks/functionality

I enjoy seeing who I know follows pr0n and weirdo conspiracy theory accounts. I’m sure we all throw an ill-advised follow once in a while, but some names come up again and again.

Happy new year