MartyBent's avatar
MartyBent marty@primal.net 1 year ago
This year's investor letter from Stone Ridge did not disappoint. Ross Stevens is one of the brightest minds in the space and his humility is unmatched. While everyone is focused on the bitcoin backed lending part of the letter (which is extremely exciting in its own right), I haven't seen anyone point out the message underlying the entire letter; Stone Ridge + NYDIG + other Stone Ridge subsidiaries are setting out to rethink how banking as an industry should work from the ground up. Truly thinking disruptively. image

Replies (20)

antifragilemoney's avatar
antifragilemoney 1 year ago
Cannot zap you, something broken with your side at primal right now. I just zapped someone else successfully
Toby McMann's avatar
Toby McMann 1 year ago
...or the reason that Ross needs to pump the corn so hard is that his investors are not yet converts, and still need convincing? 🤔
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21M 1 year ago
Yep, just reading my way through it now, I look forward to these every year.
SatsAndFlapjacks's avatar
SatsAndFlapjacks 1 year ago
So what’s the point Marty? Anyone can think different, but go ask 99% of the population in America and all they know is banks + credit cards + and your traditional Samuel L Jackson Capital One Bullshit
theplatinumbear's avatar
theplatinumbear 1 year ago
It’s taken Mastercard and Visa 55 years to get 3 plastic cards in the pockets of Americans. It will take decades to change consumer behavior.
sauna's avatar
sauna 1 year ago
So many nuggets: - alchemists - duration mismatch - father of capitalism - dustbin of history Literally destroys entire mortgage and insurance model in one fall swoop. Entertaining and based.
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