Arthur Hayes, CEO of @Flop_Labs & CIO @Maelstromfund
Joined April 2018
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NEW interviews from Maelstroms Chief Arthur Hayes The latest insights on Digital Assets Financial Markets and Web3 IssueWire issuewire.com/new-interviews…
Arthur Hayes retweeted
Most compute futures being proposed are cash-settled against a survey of rental quotes, with no way to take delivery.
A contract written on Flop Network can do both. Settle in cash against the price agents actually paid for verified work, or hold to expiry and get the compute.
The unit is measured work on whatever card runs it, which matters a lot for a contract expiring in 2028 when the H100 is two generations old.
Delaying compute futures has a real cost for US innovation. Some of the largest data center lenders have hit their risk limits. Give them a liquid market to hedge compute price risk and they can free up lending capacity. It's the lack of a hedging instrument that has caused credit spreads to blow out.
We support the @CFTC’s commitment to getting this right. The good news is we already have standards for building these markets properly: independent benchmarks, transparent methodologies and regulatory access to the underlying data. Apply them to compute and let well-designed futures move forward.
Our comment letter: regulations.gov/comment/CFTC…
As we get closer to the launch of @flop_labs Testnet and Airdrop in a few weeks please remember:
THERE IS NO FLOP TOKEN
Anyone who tries to tell you otherwise is a scammer.
Arthur Hayes retweeted
“What do agents eat?”
@CryptoHayes's answer: compute. And right now, agents don’t have a currency for it.
His full keynote from the OKX Main Stage at TOKEN2049 Singapore: youtube.com/watch?v=ZEaylmBL…
Come chat to @flop_labs mascot and get your questions answered. All responses based on published documentation and FAQ.
ask.flop.finance/
Arthur Hayes retweeted
CoreWeave’s five-year CDS hit a record 1,194 bps on last week (ICE data, via Bloomberg). Run the standard math with 40% recovery and that’s about a 63% chance of default within five years.
Nobody’s saying the GPUs stopped working. The market is pricing the odds that a five-year promise to pay for them gets broken.
A GPU owner selling inference by the job doesn’t need anyone to believe a five-year promise. Paid when the work clears, 85% of the fee, liquid.
Here is a sneak peak at the KOL Leaderboard and onboarding process for @flop_labs
Anyone can join as a KOL and earn FLOP.
Give us your email, create a wallet, and connect your socials (optional).
I went to biz school, they never taught us what an “adjusted” profit margin was, either you made money or you didn’t. Does anyone know what total expenditures were for the 3q, under GAAP rules?
Arthur Hayes retweeted
🔗 Links to the Full Episode w/ @CryptoHayes
• YouTube: youtu.be/clWKbuJG5-M
• Spotify: open.spotify.com/episode/5gA…
• RSS: anchor.fm/s/112316ec0/podcas…
Arthur Hayes retweeted
TOKEN2049 SINGAPORE SPECIAL: The Money Printer Moved To The Banks And Bitcoin Is Next with @CryptoHayes of @MaelstromFund
Timestamps:
00:00 Intro
02:21 Hunting For Busted Charts
06:28 Agents Will Run Finance
09:12 Why Alts Disappointed
14:22 The Barbell Portfolio
16:39 Quantum And Address Hygiene
19:06 Zcash As Privacy Hedge
22:45 Sovereign Debt Hunger Games
27:00 Rate Hikes Pump Bitcoin
30:54 Banks Are Printing Now
35:47 Stablecoins Export The Dollar
41:06 France Is The Catalyst
43:52 The Quarterly Refunding Announcement
46:49 Watches, Ferraris And Skiing
53:00 How Much Is Enough
56:01 Is The Ethos Gone
59:58 The FLOP Thesis
Arthur Hayes retweeted
TOKEN2049 SPECIAL: Tokenization Supercycle ft. Citrini, QE Is Coming, and The Biggest Crypto Bull Market Since COVID
@CryptoHayes @MaelstromFund @citrini @therollupco
Arthur Hayes retweeted
Flop Network launch in Singapore, Part 1 of 2.
@CryptoHayes on why he built it. ChatGPT gave the world a new economic life form in 2022, and it still has no money of its own. Agents eat compute, and $ FLOP is the currency that buys it.
What a great @token2049. I got some youthful energy with cellular medicine from @VeritaHealthHQ and then dropped the thinking behind @flop_labs all week. Now it’s back on the grid so we can ship FLOP Testnet in a few weeks.
Yachtzee