Initial Motivations I was a politically motivated person when I was a teenager. Of all the books that radicalized me, it was the Aynd Rand books (Fountainhead, Atlas Shrugged) that did. In 2016, I donated to Gary Johnson as a starry-eyed libertarian. On top of being a staunch Randian, I was into computer programming, so crypto was a natural fit for me. The cypherpunk ethos attracted me. I was…
The world of finance is obsessed with speed. The faster you get information, the faster you act on it and the higher your PNL. Imagine the CME in Chicago releases an unexpected economic number (say, U.S. jobless claims). Futures on the S&P 500 react instantly in Chicago. But stocks tied to the S&P (like big tech names) trade in New Jersey exchanges. If your fiber line is 3 ms faster, your system…
Crypto legend Chun Wang aims to become the first to orbit Earth’s poles with Fram2. Explore his radical vision, global travels, and unsung achievements.
Introduction Cryptocurrency market caps are a small blip as compared to traditional financial markets. One way to bootstrap a blockchain’s value is to tokenize existing financial assets onto the blockchain. Users of these asset tokens are able to benefit from the DeFi ecosystem by having the ability to lend, borrow, and swap these assets. Due to its programmable nature, there are infinite ways…
Smart contracts have become a new paradigm of writing programs on the blockchains. However, like all computer programs, smart contracts are only as useful as their inputs and outputs from the outside world. An example of such a smart contract is World Cup betting. Let’s say we open up a betting pool for England vs Croatia in the World Cup Finals. Everyone sends their Ether into the betting smart…