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Joey Krug retweeted
Elon Musk 19h
Replying to @InsideEVs
We will fight Big Tequila!
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Joey Krug retweeted
₿iht Coign BSc (Hons) Nov 13
Replying to @joeykrug
I remember a similar discussion when I worked at Apple about dongles. Don't design something that users want, design something that they will "need"!
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Joey Krug Nov 12
Yeah the main benefit of collateral imo is ensuring everyone gets paid who should get paid, I haven’t heard people argue it’ll make the derivative itself less volatile (ignoring the stablecoin crowd)
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Joey Krug Nov 12
People have a hard time differentiating between fully collateralized derivatives and naked ones & tend to conflate the two and throw the baby out with the bath water
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Joey Krug Nov 11
“The Macintosh uses an experimental pointing device called a “mouse”. There is no evidence that people want to use these things.”- John Dvorak, Macintosh Review 1984. Why designing what the user says they want isn’t always the best idea, design what the user *will* want
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Joey Krug retweeted
Tuvia Elbaum Nov 11
“The Macintosh uses an experimental pointing device called a “mouse”. There is no evidence that people want to use these things.”- John Dvorak, Macintosh Review 1984. One of the best quotes of all time.
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Joey Krug Nov 11
Better yet, talk to betting exchange people and understand how those work
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Joey Krug Nov 11
Yeah, if you click on the toolbar and reset the database within augur app that’ll help. There are some cases where ethereum returns bad data, trying to add redundancy to prevent this from ever happening in the future
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Joey Krug Nov 11
No, why would they have to do KYC?
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Joey Krug Nov 11
And just because Dai is pegged to the dollar doesn’t mean that ethereum has any other attributes tied to the dollar, it’s not like your Dai are going to fund US gov’t policy. Could trivially peg it to anything. That said, USD is ~lowest vol currency on the 🌏 right now
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Joey Krug Nov 11
If your argument boils down to “inflation erodes value over time” with Dai savings rate it doesn’t, or absent that, simply peg it to TIPS instead of the USD
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Joey Krug Nov 11
Lol, it’s hilarious how some people hate the idea of the dollar as a unit of account so much. Nothing wrong with Dai. Haven’t seen a single meaningful criticism of it being pegged to $ beyond “wahhhh hyperinflationary collapse wah wah wah!”
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Joey Krug Nov 10
In the next 12-18 months: Gluon plasma like constructions + pos instead of an operator, Arbitrum, . Longer than that, there's a really long list but not much code/theoretically sound proposals
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Joey Krug Nov 10
Those are the imo crypto native UX issues (anything else is just regular bad UX & fixable with best UX practices), others are due to poor scale/robustness of the underlying infrastructure.
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Joey Krug Nov 10
My view is pretty simplistic: key management (I think is close to solving this, needs some UX fixed I have ideas on), addresses -> ens style domains needs to happen, and replace eth as gas with dai/$
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Joey Krug Nov 10
Replying to @josh_rio @ken_twit
Plenty of small prop quant shops I know do numbers like this even with a few milllion under management. Most the orders don’t get hit of course
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Joey Krug Nov 10
Replying to @josh_rio @ken_twit
My point was more that if people can’t do that it’s hard for liquidity to form, which makes the UX bad for other people (using a broad definition of UX including things like liquidity), not that they’d do that through a UI
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Joey Krug retweeted
ken lønseth Nov 10
Replying to @josh_rio @joeykrug
Agreed, but original point is still valid imo. There’s only so much lipstick you can put on a pig.
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Joey Krug Nov 10
Replying to @josh_rio @ken_twit
Some problems are so bad they’re not possible to account for within UX. I’m a market maker and wanna trade on paradex and fill cancel and place 1000 orders a second... I can’t do it today. In Web 2.0, streaming 4K video for years was one of those kinda issues
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Joey Krug Nov 10
Replying to @josh_rio @ken_twit
Here’s how NYSE accounts for latency: they spin up a mainframe that does 100k tps. How do you solve that when trading on ethereum?
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