Category: Uncategorized

Since 2020, a trend has emerged in in retail investing: the long-term holding of leveraged ETFs, as opposed to their traditional use in day trading. This shift is illustrated by this chart from Topdowncharts.com shared on X. While conventional wisdom often advises against this practice, a growing number of investors appear to be disregarding such…

An onion site recently sprung up, which was mentioned by a few pepoleover the last few days, for claiming to have hacked BitFinex. This site is a copycat of a hacking group from a few years ago and many people (including myself) assumed it was the same group. Earlier today I made a poorly worded…

I think most people still do not understand the problem with luna, which is a uniquely poor design. While there are similarites, I hope to contrast these two projects, and explain why Luna was always guaranteed to fail. There are ~3 ways to make a stablecoin. Backed by the underlying (Tether, USDC, modern DAI indirectly…

This is a book I first heard of from Protos’ reporting on A16z’s sketchy behavior regarding the ‘bestseller’ status of this book. I decided to see what the alleged bestseller is actually made of and read it. This is not really a book review so much as commentary on the ideas expressed in the book.…

In this article I will attempt to benchmark the mathematical performance of PyO3, & pure python 2 ways using an approximation of the following function for computing pi (substituting infinity with a chosen number). First of all we will create a function in Pure Python & Pure Rust, then we can do 2 integrations. First…

Statistical tricks of permabears, doomers & cranks. I’m not sure what drives these people, for some it’s promoting dodgy ‘alternative’ investments after the world falls down. Other seem to be living in a doomsday cult of their own creation. A few of the statistical biases I see a fair amount, I’ll add more when necessary.…

Edit: Since this article ranks highly on Google for “Modelbot” I would point out that there is a new ‘shitcoin’ going around called modelbot. It is not affiliated with me (despite them using my images / screenshots as marketing), Alameda Research, nor does it (I did try to reach out) represent a recreation effort. Some…

The US Government has recently dropped a new trove of files on SBF, and with this new information we finally have for the first time clear cut evidence and a timeline of Alameda’s borrowing. One of my favorite ever pieces of crypto research was WizSec’s execellent coverage of the Mt Gox collapse, where thanks to…

FTX Debtors have filed a motion to enlist Mike Novogratz’s Galaxy Digital to provide hedging and liquidation services for the FTX Bankruptcy Estate’s cryptocurrency portfolio. The deadline for any objection is September 6th 2023, and the ultimate decision will be made on September 13th, 2023 at 1 PM EST. It makes sense to hire professionals…

Since Su Zhu originally retweeted his 2019 post about Alameda’s pitch deck, I’ve been craving to get my hands on it, and Twitter user https://twitter.com/gdont12 was able to come up with it. A huge thank you again @gdont12 for this file. The original is in image form, for the sake of better readability & searchability…