Tuesday, January 30, 2018

Blockchain technology is promising

Bitcoin may be a hype.

"I tend to think of bitcoin as an experiment. It is an interesting experiment, but it's not a permanent feature of our lives. We are over-emphasizing bitcoin, we should broaden it out to blockchain, which will have other applications."



Being able to short a financial instrument is important for price discovery.
"Financial theory says that if something is not shortable then it can be taken over by enthusiasts, and the doubters can no longer have an adequate way of vetting against. We've just seen that both the Cboe and CME have both created futures markets for bitcoin and that might make it more stable."


via CNBC

Wednesday, January 17, 2018

Donald Trump is a revolution

"Trump is a revolution unfortunately, (and one) who's reaffirming nationalism and he's showing that Americans are no better than anyone else. It's troublesome to me. I'm concerned."

"He's coming to Davos this year and he's going to try out his rhetoric on the least sympathetic audience I can imagine. He likes sympathetic audiences so I don't know how he's going to manage this one."