You must view tragic experiences holistically. You just lost something, but what did you get to keep?

Models try to give a lens into the future, to make it predictable. BUT… some things cannot be modeled. We really hate that.

Crypto Market Wizards is RabbitX’s series of interviews with professional DeFi traders.

AI technical superiority becomes a moot point when humans are the arbiters of what's valuable

Ethereum is the most important infrastructure in the world: both for what it is and what it can be. And it will never be enough. There must be other layer 1s.

“Companies get the shareholders they deserve”. What management and the board emphasize and cater to is responsible for the type of person the company attracts as investors. This applies equally to DeFi projects and their tokenholders.

AI amplifies you, but also dilutes you. As AI's presence increases, yours fades... I've seen “here’s how to use AI” stuff, I haven’t seen any “here’s when NOT to use AI”. There's a Laffer Curve for AI, and more is not more. There are 3 types of writing, and LLMs can only do 2 of them.

The Fed: Part 1 covered the psychological priming of the Fed and why QE isn’t money printing, but a headline-grabbing manipulation. So what happens to bonds after they're swapped on the Fed's balance sheet? They're sent to the graveyard.

ChatGPT and LLMs just commoditized the complement of data: software. This increases the value of data, but mainly drives value accrual to the new scarce complement: semiconductors.

Generations of warfare and business correlate closely, however there is a lag between them. War is roughly one cycle ahead. I believe this makes it an excellent proxy not just for business, but also DeFi.