"Previously, on Gossip Girl"

I graduated from Maryland in Sprint 2015 with a B.S. in Computer Science. My coursework focused on a bunch of practical stuff like database design, software engineering, "data science/machine learning" and I tried to take as many electives as I could get away with. Its important not to bucket yourself into your major. Life's too short for arbitrary lines drawn to group people because of a fancy stamp from one institution or another, and there's too much to learn to just be forced to accept someone else's idea of whats important when time is so precious - its not the things that matter but the connections between the things, as the machines will say.

I interned at GS during Summer 2014 and then rehired full-time to work on a cross-asset technology team called Trading Shared Services (TSS), subsequently renamed to Derivative Trade Lifecycle Management Technology. This was for a year after having interned Summer of 2014. Later it again transformed into a new team that handles clearing and settlements of OTC derivatives and related middleware. I realized that I wasn't sharing a look into the world of trading, despite the name of the team. Since the very beginning of my relationship with GS I was interested in moving closing toward the front office, with the dream of actually sitting in a trading role. I had always wanted to learn the business of making markets for clients and how to effectively risk manage/hedge the various risks that you take on by trading financial instruments, all while still attempting to profit from arb opportunities found in the markets. I had a special focus on credit derivatives lifecycle management, EM credit derivative  and mortgage products gross notional compression in TSS and decided I wanted to try something new, but related. After promoting the growth and development of the team and its structure, I pursued a new opportunity in...

IRP Trading Technology located on the FICC trading floor of the same Goldman Sachs NYC headquarters in Lower Manhattan that I started in. My world opened up and I started interacting more with the salesforce and traders, realizing that my previous dream was something I was increasingly serious and passionate about. I started studying and applied to a few gigs that I thought I didn't have a chance of getting...

Macro cryptoasset commentary (Q3 2017, v. 1 - R&D focus)

1) ETH correction

Yeah, generally when an asset appreciates 2000% in the span of a few months, early investors exhibit rational investor behavior and begin to take profits, leading to some kind of correction. Losses felt by speculators interested only in making quick dollars should be expected,  and my advice to anyone who asks me if they should buy ETH/BTC/XYZ is always "no" because if you're asking the question, you haven't done any kind of due diligence. This is most likely a new asset class and as Gaven Andresen said at the first MIT Bitcoin Expo: "this is a big experiment, you guys are crazy for putting all this money in it" (paraphrased). Ethereum laid the groundwork for practical smart contracts, and Solidity is just one of many programming languages that have been implemented to enable programmatic cashflow management.

List of things that don't help right now:

2) Crisis averted with BTC

Just kidding.

3) Current Collé Group, Inc. portfolio composition

See here for up-to-date portfolio composition information. Please do not ask me for risk or P&L information as this is sensitive and proprietary. The portfolio total valuation is significantly lower than its ATH due to the recent corrections in cryptomarket valuations, but this is extremely reasonable given the lack of material goods/services acquirable with these new ICOs that have emerged and dominated the fundraising landscape over last 6 months. I'm very happy to chat more with folks whom I have a personal relationship with. Please do buy them if you need to acquire goods or purchase services that are exclusively available with cryptocurrencies as the payment mechanism. Please do buy cryptocurrency baskets/single-name investments if you are interested in getting exposure to this new and still rapidly evolving landscape and are willing to hold these assets over a long-term investment horizon. And please do buy them to send me some ETH for the hard work I do putting together these posts for you! (And to answer another popular question I get ahead of time: No, you really shouldn't buy cryptocurrencies if you are exclusively interested in speculating on a highly volatile market. If your interest in a commodity/asset on the basis of your fear of missing out, you're gonna miss out in another way instead... miss out on your dollars.

4) https://quolend.com

I've been working on the architecture/design for a project that I'm tentatively calling QUOLEND (all caps because I'm just that excited about it) which originates loans in a decentralized manner. TBA Q4 (likely near the end of that quarter given some awesome news I'm very proud to share). I'll probably be implemented major parts of this myself as I'm comfortable doing dev with the Solidity smart contract scripting language in Ethereum.

5) https://urbitcash.com

I'm building a cryptocurrency implemented on the  insane/revolutionary Urbit stack (likely some kind of other language that compiles down to Nock unless I muster the courage to write it in Hoon directly). Will likely float a ERC20 token to raise capital initially as a way to finance a small team of engineers and security specialists to focus their time on this effort full-time. Will likely have to structure the venture in such a way that doesn't destroy our competitiveness by making the capital requirements to operate the venture prohibitive, if only to comply with regulation I consider harmful to growth and stifling for innovation. Will release a post with more information relatively soon when I get a chance. For the time being I'll be focused on actually learning Hoon as I've only acquired some stars as part of the overall exposure I'm gaining to the cryptoasset space. Once I have a prototype up and functioning I'll transition to a more abstract management role given my experience with a broad array of bootstrapped crypto-asset systems (IMO this is a much better and more complete decription of these cryptomoney and money-like innovations) and my desire to experiment with a hands-off approach with an ICO-funded venture.

portfolio (Q2 2017) - update 2

swarm city - 40.56%

ethereum - 43.95%

aeternity - 9.59%

bitcoin - 1.5%

qrl - 4.34%

other bets:

  1. urbit (pre-launch, so current effective valuation should probably be $0 despite costs associated with purchase)

portfolio (Q2 2017) - update 1

swarm city - 42% (reflects appreciation of underlying asset from $2.15 purchase price to current market rate of $3.50 per)

ethereum - 50%

bitcoin - 8% (includes asset and related derivatives used for hedging)

other bets:

  1. urbit (pre-launch, so current effective valuation should probably be $0 despite costs associated with purchase)
  2. aeternity (same comment as urbit)

portfolio (Q2 2017)

1) ethereum: fundamentally revolutionary technology if we make it work and don't abuse the ease of creating tokens and performing large-scale crowd sales. (portfolio composition - 50%)

2) bitcoin: the first cryptocurrency, with greatest consumer recognition (despite still relatively unknown in the greater scheme of things...). two caveats to this: 1) I tried to buy a froyo this morning and asked the girl if they accepted bitcoin. "what? what's that?" was the response which clearly means the community needs to work on getting bitcoin into the mainstream consciousness or else the experiment will 'fail' for whatever definition of failure you want to apply. and 2) core devs need to get their act together and deal with how to scale the network properly. pretty soon ethereum will eclipse btc market cap and if that happens i would liquidate my position completely for ethereum. (22%)

3) swarm city: the only dApp on ethereum that looks like it has any practical purpose that normal people would use. hopefully the tags system gets iterated on, as it could get pretty ugly in practice. rough start with the first co-founder but still a great project with real value. excited for their first release on june 17! this is the kind of stuff people are interested in, not decentralized supercomputers or prediction markets with dubious real-world value. (18%)

4) aeternity: another blockchain project (sorry...). no other reason I'm involved other than my faith in Zack Hess. really think ethereum will leave these guys in the dust though, they have a lot to demonstrate if they want to stay relevant in the face of ethereum's extremely involved community. also I love erlang so it wins some points right off the bat. (5%)

5) urbit: decentralize All The Things! very weird but very compelling project. excited for the potential this has, and actively working on building out better documentation for the urbit community until better tooling is available to build real-world applications on top of this platform. the idea that we need to tie real-world identity to digital identity is apparent from my involvement with smart contract development on ethereum, and its clear that despite the mental overhead of this urbit universe and the odd linguistic choices, curtis yarvin is a very smart (if not controversial...) guy and this project could easily be the most disruptive. but overall this is the weirdest project of the above by far. (5% - will increase this when they auction off more stars)