Zack
@ZackPokorny_
Disruptor of things || Research + Onchain Data @galaxyhq || Disclaimer: http://hubs.li/Q022Cvpy0
Futarchy is the most robust governance model for early-stage DAOs. Why is this the case? 1) It offers an economically secured beacon of information 2) It provides a conviction-weighted cap table as a byproduct of making decisions My full thinking 👇 galaxy.com/insights/resea…
we cooked on this week’s note 🧑🍳 - i wrote about why combining GENIUS & CALRITY is a bad idea, and also opined on “JPMD” - @Uptodatenow examined the trend of crypto exchanges launching onchain products/platforms - and @ZackPokorny_ wrote about prediction markets & geopolitics
x.com/i/article/1936…
Struggling to keep up with all of crypto's policy wins in the new administration? This new report from Galaxy Research has you covered 👇 galaxy.com/insights/resea…
putting equities into offshore lichtenstein SPV structures and then selling shares in the SPVs onchain is not the right way to do tokenized equities these wrapped structures obviate the relationship between issuer and shareholder to the detriment of both there is a better way
New piece w/ @owenswill14 on HyperEVM Lots of early promise in terms of developer interest and user activity Corewriter release a major unlock, now teams need to deploy genuinely unique products only possible on HyperEVM galaxy.com/insights/resea…
There seems to be more emphasis on getting tokenized assets and companies onchain and less on what happens once they get there. For those issuing assets onto public/private chains they offload risks around execution and experience to end users based on their preferences. But…
my first solo report since joining @galaxyhq last week - Why are Bitcoin Treasury Companies Trading at such High Premiums to NAV? thanks @MarcHochstein for edits and @BTCtreasuries for data 🧡 full report linked in replies
How it feels being a futarchy advocate when people are just learning prediction markets actually work
Futarchy is the strongest model to forecast subjective value. Every decision has consequences, any company that’s not using it as a barometer for decision making is at a disadvantage.
Tweeted this during the meme bubble last year and think it’s even more relevant today as the IPO’ification of crypto kicks off. Even the most sophisticated models for valuing things are rooted in subjectivity and the masses coalescing around a single belief. Stay frosty.
Tweeted this during the meme bubble last year and think it’s even more relevant today as the IPO’ification of crypto kicks off. Even the most sophisticated models for valuing things are rooted in subjectivity and the masses coalescing around a single belief. Stay frosty.
Value is subjective If I perceive something to be valuable then it has value, independent of what that something is or how (un)productive it might be. This idea is a mental hurdle for most people. But understanding it is imperative to making sense of markets, especially crypto.