Too much volatility!
Men are better at stomaching volatility
They have political power, they will protect us!
People with the power –>
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Pursue yield… counterparty risk
Who do you want to do counter party risk?
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Against bank? Against crypto cowboy, holding public company equity
Your flavor of risk?
Your yield –> risk
How much do you demand to keep premium
Risk free rate is 29%, rate –> BTC, 29%ARR
Real theoretical risk, 32% chance of failure, 8% … most awful risk
Estimate risk better –>
James Brown, I feel good!
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