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James Davies
1,935 posts
James Davies
@jlldavies
Transforming the world via digital assets. UK Politics. Alternatives to Clearing infrastructure. Scepticism. Physics.
Aldbury, England
Joined December 2013
1/ Driving user adoption and market attention in crypto is a constant challenge—especially for complex "real" projects that aren't memecoins or hype-driven. Let's talk about how we get heard and focus on the role of Airdrops & Points Schemes.- 🧵1/ Both the Minneapolis Fed & ECB recently released Bitcoin papers, perhaps coincidentally timed. They share a critical blind spot: detachment from real financial markets. Having built financial models and worked with policymakers, I found these papers almost painful to read.
- Ludicrous charges. Until we have more decentralised options the dream is just another place to strip fees out of users.Stripe charges 1.5% on stablecoins/crypto payments. Coinbase Commerce charges 1%. AFAICT, those are *uncapped*. Which means I can't recommend either service to any merchant or service provider. Crypto payments should be MUCH BETTER than credit cards, but the above is not.
- Cvexians: This morning we took the decision to suspend the market. Last night there was an issue in the margin calculation on the market that led to losses for some customers. This was a small amount at around $10k in total. Through our investigation we found that under
- Wen token? As soon as we can. We wanted it launched already. We’re ready. But we’re aligning final terms with partners, and when we launch, it’ll be in a way that benefits the entire ecosystem. This token doesn’t kickstart CVEX, it expands it. The protocol is already live:
- 1/ The perp DEX financial model is fundamentally unsustainable. Perps are highly squeezable, and the volume needed to move prices isn’t proportional to open interest. This creates frequent squeezes that extract value from position holders—often market makers. 🧵
- Trump wins. The incoming President also gets the senate. Crypto is more important than was given credit. He should move quickly and indicate his SEC nomination. This should be my friend, former colleague and the Trump first term CFTC head. Chris Giancarlo. The best choice.
- Fine tuning a token model needs to be a passion because otherwise this would be impossible. So many moving parts to balance and so many demographics to look after. What a way to spend an evening.
- Replying to @jlldavies12/ CVEX is about transforming capital markets. It's about enabling builders of markets and bringing capital efficiency to crypto. It's about Derivatives 3.0. Join us, learn, and take part.
- Replying to @jlldavies17/ To policymakers and regulators: this transformation is happening, with or without your cooperation. But working together could make it smoother, more inclusive, and constructive for all involved. The potential of Web 3.0 isn’t just a threat—it’s an enormous opportunity.
- Replying to @jlldavies—— What's been your experience with airdrops, with points based schemes —as a participant or as a project? Share your thoughts below. @cvex_xyz
- American pollsters have let the market down again. 12 years now they don’t get the data right on Trump. Issues mostly related to sample size, trying to catch news cycles they rush and reduce quality. Massive reduction in value.
- Did anyone else find themselves looking outside of X for breaking news for the first time yesterday because X was letting them down on detail? It's not the change in which echo chamber, its that I couldn't get good factual information and had to write about it.
