ISDA recently published a note titled
"UNLOCKING CAPITAL WITH U.S TOKENIZED MONEY MARKET FUNDS FOR COLLATERAL MOBILITY"
tldr; this is fucking huge - wagmi
If you can ship or deliver just one thing on a bad day that's where you make the difference.
110% is only +10%
Showing up for 50% on a 25% dead-day is where the difference is made
The whole central banks setting 2% as inflation target was actually entirely arbitrary though. Let’s not forget that.
The bank of NZ set it at 2% because they viewed deflation as problematic and 1% seems a bit too tighter for interventions and 2% seemed sensible.
No further
Ether.fi's Mike Silagadze on the "ultrasound money" case for cutting ETH issuance:
"There's not a lot of economists out there, hardly any, that would argue a 0% increase in money supply per year is a good idea. That's a Bitcoin brain worm. That's not sound
My biggest concern with quantum isn’t the cryptography of the chain, it’s the cryptography of the random number generators.
My question is whether there are parallelisations that can test RNG sequences quickly and efficiently for cryptographic balances on a blockchain.
My gut
I’ve come to a realisation that the starting point for any liquidation of tokenised assets should be that:
1. no-one will quote RFQs
2. only trustless liquidity remains
That means for funds, the ground state is the fund redemption terms.
You will not find anyone liquidating.