Good morning,

I appreciate you all. Thanks for reading.

–Tony

On to the post:

Numerai and “PIPEs”

As it turns out, there’s less liquidity than we think in cryptomarkets. A lot less! 95% less is what Bitwise Asset Management found in their recent report. This means that it’s very hard to buy and sell large quantities of most cryptoassets without experiencing material slippage.

It’s fitting that around the same time, Numerai announced a round of venture funding whereby Paradigm and Placeholder traded $11M for some undisclosed number of NMR tokens.

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April 18, 2019

Do we want some censorship in our systems? (On BSV and crypto-anarchy)

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There are only three certainties in crypto