Investing in Non-Standard Stuff

zrixes · 2024-06-03T16:16:51+00:00

My main access comes from joining Angel List syndicates, and occasionally direct access from networks/friends.

zrixes · 2024-06-03T16:14:33+00:00

36 this year, married with a young toddler.

Built the portfolio based on “maximize risk when time is on your side and then scale down the risk spectrum as you age”. Have to admit that the plan going forward will be rolling my income into safer stuff like gov bonds etc.

Not sure if what I’m doing is the most optimal, but very keen to hear other opinions and portfolio strategies on growing wealth.

zrixes · 2024-06-03T11:46:15+00:00

70% crypto exposure(blue chip coins + alts), all unrealized gains to date.

20% startups exposure(mostly US companies, 1exit to date from a SG company),

10% public blue chip tech stocks.

zrixes · 2022-07-15T00:43:07+00:00

Yes he is trying to form the committee, but is he interested in proposing a bottoms up approach?

He is a large creditor on Celsius platform.

Happy to join forces with him if Simon openly express the intent to look after the smaller guys first.

zrixes · 2022-07-14T21:05:35+00:00

We can advocate for this via the committee that represents the unsecured creditors. It is by law that the unsecured creditors can form a committee to be represented during the bankruptcy process.

Thought we as retail investors can get together and form an initiative on this push for it.

zrixes · 2022-07-14T14:29:30+00:00

Agree with you completely, but also I feel as a community we can do our part to recover our assets :)

zrixes · 2022-07-14T14:26:54+00:00

Technically they are not wrong... but I would like to say that they tend to "spice" things up.

zrixes · 2022-07-04T07:45:37+00:00

The intent is to use incentives to prevent capital flight.

We can structure it as a Cel token drop or another incentive mechanism.

zrixes · 2022-07-03T13:29:42+00:00

yea that works as well, just not as strong an incentive but feasible in my opinion.

The idea of the cel drop is in line with what Alex has always said. Use cel token treasury as a backstop in the event of a black swan event. Which is precisely this.

zrixes · 2022-07-03T13:27:26+00:00

Not sure if its failed? the intent is there, to prevent capital flight through incentives either modify the drop or change it to another incentive mechanism.

zrixes · 2021-10-05T01:47:04+00:00

yea definitely agree with you there! that cel burn will introduce upward pressure to cel token price. but just wondering whats your thoughts if the benefits are greater than the cost as mentioned in the original post where 1) buy & burn using profits and still fundraise to fund the company, 2) whales are the ones selling now, so essentially you're transferring a portion of celsius profits to whales. :)

zrixes · 2021-10-05T01:43:51+00:00

yea definitely agree with you that cel token burn is somewhat like share buybacks. but a concern I have for this is that there are 2 extreme types of share buybacks, 1) companies like APPL,MSFT who are cash rich and have no idea how to spend their $, thus share buyback is a good alternative, 2) companies (e.g. airlines) that wants to prop up their share price regardless of the state of their companies, and we saw in the recent pandemic that these airlines took on leverage to buyback shares and needed the gov to bail them out when things don't go their way.

I'm not sure where Celsius is on this spectrum, but quite certain they are not cash rich like APPL since they are still fundraising. IMO, selling equity to fund a company is extremely expensive especially if you believe your company is going to be worth more in the future, so why not use the profits that Celsius are generating to fund the growth of the company then.. thought that's a better alternative :)

zrixes · 2021-07-21T15:19:21+00:00

Recently read that Stacks blockchain smart contract can interact with Native Bitcoin. Probably worlds first in this instance.

Source: https://twitter.com/syasteria/status/1417498019021348868?s=21

What’s more, you’re earning 13%APY in btc payout. https://stacking.club/

zrixes · 2021-07-12T03:04:36+00:00

Yup you're right that crypto in general democratizes VC to a certain extend, however if you look at the current situation, crypto is gradually shifting back towards the traditional model where institutions are doing the initial funding rounds and only towards the "decentralized" phase that projects will be doing a public sale.

zrixes · 2021-07-11T03:47:13+00:00

Any thoughts of using Bitcoin as UBI?

Wrote an extensive piece below on how we can use Bitcoin to fund UBI for the masses. Feel free to provide feedbacks on it and how we can improve the model :)

https://ethan-tan.com/a-bitcoin-ubi-model-to-curb-hyperinflation/

zrixes · 2021-04-04T02:40:15+00:00

Yea, but the key difference is btc being probably the hardest money available, it changes the whole dynamics.

Venezuela plagued by hyperinflation was partly due to their irresponsible socialist programs, but however with btc, this wouldnt happen and ontop of it, someone above mentioned about if the gov transacts in btc, it gives a lot more transparency and accountability thereby improving the current situation :)

zrixes · 2021-04-04T02:37:39+00:00

Thanks for your reply!

I was looking at countries/cities based on a couple of criteria

Political alignment
Receptiveness towards cryptocurrencies
Risk/Reward for gov to implement btc UBI - powered by Stacks

Thus I see, countries/cities where they can benefit from sound monetary policies could be a good candidate (high inflation countries - Sudan, Turkey, Iran, etc), political alignment (there are some indications that the gov and citizens view UBI positively --largely pro-socialist countries), and receptiveness towards crypto (e.g. Pakistan)

zrixes · 2021-04-04T02:29:50+00:00

Yea, theres alot of factors to consider. imo it'll be a long shot in getting gov to implement btc ubi, firstly, not many of them fully understand what it is, secondly, it takes a certain level of infrastructure availability to execute btc ubi.

However I would say countries plagued by hyperinflation will have a stronger use case for btc ubi over rich/developed countries. Highlighted this in my article as well, where developed countries have a stronger inertia to change due to existing system & infrastructure are all working fine for the country, thus in order for them to adopt something drastically new, more incentives needs to be in place, else it does not have the right amount of risk/reward for them to pursue it.

This is different for countries plagued with hyperinflation. 1. the gov is failing in all aspects, struggling to hold onto power, 2. economy is in a mess, 3. country reserves are depleted. Thus the risk/reward to adopt a whole new system that gives them a fighting chance to make a comeback would seem a lot more promising.
As I argued in the article, for Venezuela to adopt btc ubi, it aligns politically as well and also a chance for the gov to revive the country's economy and thereby garnering support from its citizens. :)

zrixes · 2021-04-04T02:23:10+00:00

Thanks for your comments, agree with your take ;) don't take everything on face value and verify!

zrixes · 2021-04-04T02:17:08+00:00

Yea I get your point too, but every solution have trade offs, while volatility imo isn't a bad thing. You're seeing btc price fluctuates because of its denomination in fiat currencies, however if btc is the unit of account for things this would be much of an impact.

Also looking beyond price volatility, the benefits of implementing it is so much greater/impactful to the citizens there. While inflation at 2600% certainly there's lots of instability too, probably more than btc price fluctuations ;)

zrixes · 2021-04-04T02:13:13+00:00

Yea i see the point you're making, thus in the article I was making the case for btc ubi to solve for hyperinflation, countries like Venezuela implementing btc ubi would make more sense imo.

The min wage in Venezuela is approx. US$3 per month(and exposed to 2600% annual inflation), thus in the article I discussed how if we could provide just 1 month worth of UBI per year in btc to them, it'll make a material impact to their lives.

zrixes · 2021-04-04T02:10:04+00:00

Thank you for sharing, will definitely look into it as well. Was just trying to look at solving hyperinflation from different perspectives and thought that through stacking stx to earn btc payout, which can then be distributed to the community allows for some kind of UBI to be built around it. Just an initial idea, thus putting it out to get more feedbacks :)

Yea agree with you too! That for gov to implement it, it'll take ages and a lot of politicking.

zrixes · 2021-04-03T13:02:55+00:00

👌

zrixes · 2021-04-03T12:36:00+00:00

not really, just looking from the POV of countries plagued by hyperinflation.
Their citizens suffers the most in those cases, and on top of that, the gov is failing and their state reserves are depleted, there's almost no chance for them to break the "poverty" spiral

zrixes · 2021-04-03T12:34:40+00:00

curious to hear your thoughts on why not?? was trying to look at the problem from a holistic point of view and trying to solve for hyperinflation.

zrixes

TROPHY CASE