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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. baufinanciaphaster  👹‏ @bauhiniacapital Aug 30
      Replying to @Bonecondor @kylascan

      “Throw millions at products in beta” is for products with utility? Or because they want to be patrons? Or because they want to resell it shortly? I think art as non-utility asset is a different thing than ‘useful product in beta where I want to invest in imperfect utility now’

      2 replies 0 retweets 0 likes
    2. baufinanciaphaster  👹‏ @bauhiniacapital Aug 30
      Replying to @bauhiniacapital @Bonecondor @kylascan

      I am wondering how much the currently available spectrum of NFT assets is art and how much of it is the digital equivalent of baseball cards (or Magic the Gathering cards) NBA topshots, for sure, are a baseball card analogue. Penguins and shibas and similar seem that way too.

      3 replies 0 retweets 0 likes
    3. Monte Carlo Maury‏ @NoCapitulation Aug 30
      Replying to @bauhiniacapital @Bonecondor @kylascan

      I’m willing to bet you’re asking the wrong folks

      1 reply 0 retweets 0 likes
    4. baufinanciaphaster  👹‏ @bauhiniacapital Aug 30
      Replying to @NoCapitulation @Bonecondor @kylascan

      How do you mean? That they are too young to understand the phenomenon of either?

      1 reply 0 retweets 0 likes
    5. Monte Carlo Maury‏ @NoCapitulation Aug 30
      Replying to @bauhiniacapital @Bonecondor @kylascan

      Nothing to do with age sir. Talk to someone risking $100s of thousands or more daily on trading/investing. Tons of folks in the space with that specialized skill, and most aren’t in finance

      2 replies 0 retweets 1 like
    6. baufinanciaphaster  👹‏ @bauhiniacapital Aug 30
      Replying to @NoCapitulation @Bonecondor @kylascan

      The key point about trading assets for their monetary value is knowing that someone ELSE wants the thing more than you and you stand between the seller and the buyer. And for that, as long as the holding period is short, and you identify trend, it doesn't matter what it is.

      1 reply 0 retweets 1 like
    7. Chairman Birb Bernanke ( 🦃, 🦃)‏ @Bonecondor Aug 30
      Replying to @bauhiniacapital @NoCapitulation @kylascan

      Welcome to NFTs bau

      1 reply 0 retweets 1 like
    8. baufinanciaphaster  👹‏ @bauhiniacapital Aug 30
      Replying to @Bonecondor @NoCapitulation @kylascan

      That doesn't necessarily speak well of the "art" involved, and given the gas/OpenSea fees, it should give one pause. Which is kind of the magic of pricing things in ETH.

      1 reply 0 retweets 1 like
    9. Chairman Birb Bernanke ( 🦃, 🦃)‏ @Bonecondor Aug 30
      Replying to @bauhiniacapital @NoCapitulation @kylascan

      I was being a little cheeky, I’m sorry

      1 reply 0 retweets 0 likes
    10. baufinanciaphaster  👹‏ @bauhiniacapital Aug 30
      Replying to @Bonecondor @NoCapitulation @kylascan

      No I get it, but my point is that anything which moves fast enough so that the buyer and seller are willing to pay those fees with that turnover is more about the market dynamic than what is actually being bought and sold.

      3 replies 0 retweets 3 likes
      drew‏ @drewg__ Aug 30
      Replying to @bauhiniacapital @Bonecondor and

      It is interesting to think about what the NFT market might look like if the friction intrinsic to super high gas fees was reduced. Unfortunately doesn't seem likely to happen anytime soon

      7:59 PM - 30 Aug 2021
      • 1 Like
      • Chairman Birb Bernanke (🦃,🦃)
      1 reply 0 retweets 1 like
        1. New conversation
        2. James Lin‏ @jamescmlin Aug 30
          Replying to @drewg__ @bauhiniacapital and

          Uhh solana? The market places are shit still but the volume are getting big.

          1 reply 0 retweets 0 likes
        3. drew‏ @drewg__ Aug 30
          Replying to @jamescmlin @bauhiniacapital and

          I agree with you that Solana is made attractive by dint of how poorly Ethereum deals with scaling issues

          0 replies 0 retweets 1 like
        4. End of conversation

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