Less than a decade ago, the elevated and distinguished TradFi scallywags heaped scorn and disdain on the 100x leverage crypto derivatives market BitMEX created using this new derivatives contract called a perpetual swap. When I read missives from...
Another very interesting piece from Arther, always something to look forward to. He really needs an English undergrad to proofread his work because his English grammar sucks! I spend too much time correcting it as I read...
This is an awesome article, I love the perspective you presented in regards to how things played out differently for a different racial background and higher class person.
Sure, Arthur. I just reached out to you on WhatsApp from +17737938078. Your insights and analysis are a beacon of hope for crypto. We need you to keep lighting our path before us…
This is a great explanation of why perps were inevitable: they compress complexity, concentrate liquidity, and give retail a clean delta-one leverage product. Where I think the story gets more interesting is who gets to own equity perps long-term. Retail will absolutely adopt them, but price discovery becomes political once it threatens incumbents. The product is superior — the question is whether regulators let TradFi adopt the margin model needed to compete, or whether they try to firewall equities the way they’ve historically protected exchanges/clearinghouses.
you have a way with your words. thanks for the insight 🌞
Arthur is such an entertaining writer to read. Great article my brother!
Another very interesting piece from Arther, always something to look forward to. He really needs an English undergrad to proofread his work because his English grammar sucks! I spend too much time correcting it as I read...
First, they ignore you. Then they laugh at you. Then they fight you. Then you win.
SBF isn't white, he's a jew, that's why he got a hug. Jews run tradfi, not whites. They also wrote MLK's speeches ;)
This is an awesome article, I love the perspective you presented in regards to how things played out differently for a different racial background and higher class person.
Excellent. Thanks
One of the best articles ever written by AH. Thank you.
Sure, Arthur. I just reached out to you on WhatsApp from +17737938078. Your insights and analysis are a beacon of hope for crypto. We need you to keep lighting our path before us…
Thank you as always.
Markets don’t wait for feelings. They reward whoever adapts fastest.
This is a great explanation of why perps were inevitable: they compress complexity, concentrate liquidity, and give retail a clean delta-one leverage product. Where I think the story gets more interesting is who gets to own equity perps long-term. Retail will absolutely adopt them, but price discovery becomes political once it threatens incumbents. The product is superior — the question is whether regulators let TradFi adopt the margin model needed to compete, or whether they try to firewall equities the way they’ve historically protected exchanges/clearinghouses.