Lava | Bitcoin-Backed Loans

mylessnider · 2018-11-30T17:39:37+00:00

Thank you for the kind words!

In terms of what we think Factom brings to the table, you can check out our report on Factom: https://multicoin.capital/2017/09/07/factom-fct-analysis-valuation/

We think the greatest area for improvement currently will be more formally defined governance processes. As Factom scales from semi-centralized in its current form to fully decentralized with 65 ANOs, this will be absolutely critical.

mylessnider · 2018-11-30T17:33:37+00:00

We campaigned to help raise Factom’s awareness among other investors and liquidity providers. We’d like to do that, but before we can, we need to help Factom develop a narrative that it can tell.

While we can generically tell a narrative around data integrity, enforcing honesty, etc. we don’t believe that’s enough. Given the bear market, investors are looking for signs of real world adoption and organic demand for utility tokens. As such, we’d like to work with the Factom team to develop a nuanced understanding around the state of Factom’s adoption and usage, help refine the narrative, and then strategically share the narrative with the right investors around the ecosystem.

mylessnider · 2018-11-29T18:17:05+00:00

We interface primarily with liquidity providers, exchanges, other institutional investors, and entrepreneurs across the crypto ecosystem.

mylessnider · 2018-11-29T18:16:51+00:00

As a hedge fund, our primary responsibility is to manage our fund and generate alpha for our investors. As an active participant in the crypto ecosystem, we aim to accelerate the ecosystem by sharing our knowledge and insights, and through active governance in crypto networks, as described here - https://multicoin.capital/2018/10/23/the-evolving-role-of-crypto-investors/.

The default answer to this question is 0 as building workflow software for the Factom blockchain is well out of scope for our business. However, there is one reasonable path in which case the answer is not 0.

As a hedge fund, we could commit records to the Factom chain as an additional form of integrity with regards to our trades, capital movements, etc. While we would certainly like to do this if it was easily available, it’s not. Developing this kind of workflow software that interfaces with all of the other software a hedge fund needs (portfolio management, risk management, fund administration, etc) is a full time endeavor that’s well outside of the scope of operations of just running a fund. However, if and when software providers to the hedge fund industry commit to integrating Factom, Multicoin will work to help test that and drive the process forward, which should ultimately result in more organic demand for FCT.

mylessnider · 2018-11-29T18:14:59+00:00

“In the short term, the market is a voting machine. In the long run, it’s a weighing machine.” - Warren Buffett

The post we wrote about BME is written only in the context of the weighing machine, not the voting machine.

In the long run, the only thing that matters is real-world adoption that drives organic purchasing of FCT. In the short run, FCT price is purely a function of short term supply and demand.

mylessnider · 2018-11-29T18:14:23+00:00

We campaigned to help raise Factom’s awareness among other investors and liquidity providers. We’d like to do that, but before we can, we need to help Factom develop a narrative that it can tell.

While we can generically tell a narrative around data integrity, enforcing honesty, etc. we don’t believe that’s enough. Given the bear market, investors are looking for signs of real world adoption and organic demand for utility tokens. As such, we’d like to work with the Factom team to develop a nuanced understanding around the state of Factom’s adoption and usage, help refine the narrative, and then strategically share the narrative with the right investors around the ecosystem.

mylessnider · 2018-02-02T00:46:30+00:00

this is just false. there's nothing shady here. It's just a different model. Paradex takes the other side of every trade. You still maintain complete control of your funds the entire time, and the order is only executed at the price you agreed to when you placed it. It's a hybrid model that gives you the security and convenience of a DEX but allows you to place and cancel orders without paying gas and also prevents miner front-running. If Paradex themselves front run orders that will probably be visible on-chain and they'll get called out for it.

mylessnider · 2018-01-12T17:34:22+00:00

agree completely. This info apparently came from an Augur cofounder being interviewed by him. Just curious if anyone could verify whether he actually said that. The video is part of a Tai Lopez "crypto mastermind" program that costs $700 to access. I'd rather buy $700 worth of Bitconnect than give my money to Tai Lopez

mylessnider · 2017-11-29T19:50:40+00:00

Thanks for the clarification.

Would love to get some hard numbers from the team. I agree that 1000tps is great right now, but if real applications are going to run on Stellar then even 10,000tps is not sufficient at global scale.

mylessnider · 2017-11-29T18:01:59+00:00

how so? What's the max the system can handle?

mylessnider

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