The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 27 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Ginns: Crypto Investing Now Functions Like Equities With Trackable Fundamentals
“Going from really supply demand dynamics for individual tokens to an investment paradigm that looks
Quite analogous to equities with fundamentals that you can track, you can run valuation metrics, and you can put price targets on various tokens and really use …”
Ginns: Crypto projects can reach $500M-$1B liquid value within six months
“And in crypto, the time from early stage to liquid is much shorter than an equity. So you can go from being this embryonic company to Being relevant in liquid crypto in six months and having a five hundred million or billion dollar network value.”
Ginns: Institutional Adoption Could Turn Current Bitcoin Cycle into a Super Cycle
“So I think we could pull forward the next Bitcoin cycle, have this be a super cycle.”
Ginns: Bitcoin is analogous to a Series C or D venture investment
“So even large cap, you could think of Bitcoin as being a, maybe a series C, a series D type venture investment.”
Ginns: Tesla's Purchase Forced Corporate Boards to Consider Bitcoin
“And then I think Elon, there's really a dynamic around Tesla's purchase, where if you were your typical board a few months ago, you were saying, do we really need to consider Bitcoin? This seems like a fringe dynamic. When Elon buys, it becomes, why aren't we …”
Ginns: Bitcoin's all-time high reflects regulatory de-risking
“And I think Bitcoin breaking out to a new all-time high and continuing to move higher is really a reflection of that regulatory de-risking to a good extent.”
Ginns: The Wall Street Journal is the most underrated source of alpha
“I think the journal is the most underrated source of context and alpha in like any asset class that you're investing in. Everyone assumes it's information that's already out there, so you're not going to get much value from it, and the reality is most people, …”
Ginns: Sell-side research is massively underrated and essential for markets
“I just think the sell side research and their work around estimates and consensus is incredibly important for equity market functioning and massively underrated and people complain about it all the time.”
Ginns: PayPal's Spinoff Filing Was the First SEC Filing Mentioning Bitcoin
“I remember the first SEC filing that mentioned Bitcoin and kind of feeling a level of validation, a level of
Excitement around this coming into the, just the first fold of mainstream.
And it was the S one where PayPal spun out of eBay.”
Ginns: Mainstream Investors Will Hear Much More About Polkadot in 2021
“Polkadot is one challenger base layer, and I think that the broader mainstream investment community will start to hear a lot about developments in the Polkadot ecosystem over the course of this year.”
Ginns: DeFi governance token votes act as management decisions, not just proxy votes
“These voting rights, though, go beyond voting rights that you would see in a proxy statement for an equity. They're actually voting rights. You can propose changes to the way that the protocol operates and bring a vote on that. So they end up almost being mana…”
Ginns: Future crypto users will not need to know which blockchain they use
“And that's actually what we think blockchain and crypto is going to look like going forward. Mainstream users don't have to know that they're interacting with a blockchain. What's really cool is like in the future, we envision they'll get all of the benefits f…”
Ginns: Crypto analysis is inherently quantamental due to on-chain data
“I'd say everything in crypto is kind of solidly in that quantum mental bucket because you have a lot of real time data that's visible on the blockchain.”
Ginns: Aave outpaced lending peers through rapid innovation and novel products
“So we saw this greater level of engagement. We saw a fast pace of innovation, and then we were tracking engagement with the protocol itself and really just saw that they were seeing a lot of adoption and outpacing Some of their peers really because of the new …”
Ginns: Bitcoin Halvings Drive 4-Year Cycles Followed by 70-80% Corrections
“Crypto has tended to have a Four-year cycle. I believe that's tied to Bitcoin's halving cycle. The new supply issuance of Bitcoin gets cut in half every four years, roughly. We call that the halving. And as a result, you tend to have three good years of perfor…”
Ginns: Institutions Move Beyond Bitcoin in 3 to 6 Months
“And I think we're certainly seeing in the institutional conversations that we're having a very quick progression from either Bitcoin alone or Bitcoin and Ethereum to start to looking at a broader set of crypto assets. And it's not a two year progression. It's …”
Ginns: China's Digital RMB Pilot Catalyzed Western Central Bank Interest
“At the beginning of last year, China launched a pilot of the digital RMB, and before that pilot launched, there was very little talk of central bank digital currencies among the western big central banks. After that successful pilot, the rest of twenty-twenty …”
Ginns: Working in a secular growth industry creates asymmetric career upside
“There's no substitute to working in a growth industry. Having this secular growth tailwind for your business, whether you're employee number three or the founder or employee number 1000, it's just luck breaks in your favor much more often. You see so many diff…”
Ginns: Invested in the Ethereum ICO in 2014
“And I started to see a lot of really interesting buzz around Ethereum. This was just at the ICO period in 2014, but I said, I want to put a little bit of a bet here. I think this is quite interesting. A lot of people who understand way more about what's happen…”
Ginns: Total Collateral Locked in DeFi Grew from Under $700M to ~$40B
“Immense amount of activity in DeFi going from under seven hundred million of collateral locked in the system at the beginning of 2020 To around forty billion today.”
Ginns: DEX trading volume jumped from $4.5B to $60B in six months
“July of last year, four and a half billion or so of trading volumes. That was more than all of 2019 combined. Fast forward to January of this year, sixty billion of trading volume.”
Ginns: NBA Top Shot generated $100M revenue in first 4-5 months
“Now it had generated a hundred million of revenue in the first Four months, five months of the marketplace.”
Ginns: CoinFund re-underwrites liquid holdings after 20-25% drawdown vs Bitcoin
“So if we have a, depending on the volatility of the asset, if we have a 20 to 25% relative drawdown versus Bitcoin, let's make sure that our thesis is playing out. Let's make sure we understand the dynamics that are at play. And the re-underwriting decision ca…”
Ginns: OCC guidance enabled BNY Mellon's crypto custody plans
“We had some very positive pronouncements out of the Office of the Controller of Currency around federally chartered banks being able to custody crypto. Federally chartered banks being able to run crypto network nodes. And what that did was lead to announcement…”