Spencer Noon is an investor at DTC Capital, a diversified crypto fund. He formerly worked in Business Development at SeatGeek, and as an Analyst at UBS.
All coin and product reviews by expert Spencer Noon.
DAI doesn't scale through arbing.
It scales b/c of a killer app: loans.
I can borrow $10,000 for a year and only pay 50 bucks in fees to do it.
Plus I don't have to sell my assets (e.g. ETH).
For most people there is nowhere on planet earth where you can get a loan that cheap.Full review
Massive blow to TON investors as Telegram announces its cryptocurrency won't be integrated natively in the messenger app but rather in a standalone wallet.
90+% of the investment thesis for TON was having Telegram as a distribution channel.Full review
Tezos is just executing on [security token offering (STO) go-to-market] better than every other [Ethereum competitor] and scooping up high-value assets. So, over time I expect the most robust STO infrastructure and tooling to come to Tezos precisely because of its STO ecosystem. It’s a smart category to attack (high collateral value).Full review
DeFi is not perfect but it has elements that resonate with LPs (ex: cash flows). Plus many of the ex-Wall Streeters see parallels from legacy finance developing years ago. It's exciting to them bc they realize how much alpha there is on the table compared to legacy finance today.
Contrast this with Digital Gold. You either believe in that narrative or you don't. Some LPs have been hearing the same Gold 2.0 pitch for 5+ years and are rightly frustrated, especially when Bitcoin has not acted like a Store of Value asset at all historically.Full review
[A]side from tokenization, BinanceChain currently offers literally zero of the functionality that Ethereum does. No respectable project would ever move to another chain on the basis of liquidity concerns for retail traders.
BinanceChain is also controlled by a single company, so the reality is that any project that converts today is basically signaling that their token (1) doesn't need censorship resistance and (2) has no utility value other than trading.
When BinanceChain decentralizes, smart contracts launch on Cosmos, and Cosmos also solves composability, we can revisit. Until then, saying that Ethereum (which has ~15 billion dollars worth of tokens on it) should be worried is just concern trolling.Full review