Signals

This page contains a chronology of events and observations I consider interesting signals in the crypto space:

  • 2018-11-18 — Bitmex — When asked, on the Off the Chain podcast which company is the most important in crypto, BlockFi’s Zac Prince responded that it was Bitmex, and hinted at some inside information about some amazing things they are up to. I’ve also been personally super impressed at the quality of Bitmex Research.

  • 2018-11-03 — Transaction costs — In this fantastic EconTalk conversation with Michael Munger, I discovered the fundamental role that transaction costs play in so many areas of technology and the economy. Not a crypto signal per-se, but a metric to consider when assessing the transformational potential of emergent technologies in the space.

  • 2018-10-17 — Institutional investing — Fidelity announce institutional and custody crypto services. This is one of those big institutional announcements we’ve been expecting in 2018.

  • 2018-10-17 — Yield — Discovered Celsius an app that lets you earn interest on deposited crypto. They lend your crypto out to hedge funds, and claim you’re protected by over-collateralization. Compound are planning the same, but smart contract driven. Uphold have announced something similar.

  • 2018-10-17 — LendingBlockfi joins Unchained Capital on my radar of organizations lending against crypto. (Related, Dhruv Bansal strikes me as one of the deepest thinkers in the space.)

  • 2018-10-15 — Stablecoins — OKEx adds four stable coins to the platform, TrueUSD (TUSD), Circle (USDC), Gemini (GUSD), Paxos (PAX). Uphold have also announced the UPUSD. In addition to Tether, Basis, DAI and BitUSD, this results in at least nine non-trivial stable coins. What does the future of dealing with USD look like?

  • 2018-10-03 — Fintech — Abra adds the BIT10 token to their wallet, allowing users to invest in the Bitwise HOLD10 index, without fees. It’s implemented as a smart contract on the Bitcoin network. Abra buy the underlying to hedge the BTC.