Gloating about consensus failures is usually not a great look
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I feel like I deserve much worse than this from you after the last few days!
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Your actually-effective effective altruism is also orders of magnitude more impactful than you being wrong about Solana or AMMs
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Are you saying he's wrong about
1) AMM displacing MM, or just AMM vs passive holding?
2) What specifically about Solana?
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1) Both!
2) His comment that I was jokingly riffing off of my own response to presupposed that there was something to criticize about him and Solana; wouldn’t read too much into this thrice-removed joke comment
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Seeing as to how you're the largest investor in the biggest AMM
And SBF runs one of the largest MMs
Seems to me like there should be a wager somewhere
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Well from those facts, seems like the real wager is already on, right? 🙂
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I'll put half my money in USD and the other half on CLOBs winning
You can put all your money in an AMM of (USD, AMMs winning)
we'll see who wins!
Unless I win 50x in 10% of cases and you win 1x in the other 90% and we both come away feeling like the victor :P
Expected drift relative to volatility in that case is too high for rebalancing to be the right move!
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