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We’re discontinuing the Stablegains service

blog.stablegains.com

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Re: We’re discontinuing the Stablegains service

#191

Post by state_less »

throwk8s wrote: post #163
koheripbal wrote: post #151

Earlier quoted context omitted.

What most people don't understand about finance is that there are fundamental rules that you really cannot break without consequences. Anyone who has studied quantitative finance knows that it is a HARD science. I worked with a Nobel prize winner in economics, and the math dominated. There was no politics, no opinions, no ethics involved. It really is a science. Most social media characterize finance as some ethical…

Is the math meaningful though?

If we could all get a stable (guaranteed) 15% per year, everyone would invest. But the world economy doesn’t grow at 15%.

Re: We’re discontinuing the Stablegains service

#192

Post by lanstin »

reflexco wrote: post #174
jmyeet wrote: post #100

What's funny about this is that I can recall discussions here and elsewhere from only a few months ago questioning the "guaranteed" super-high returns. I forget who said this but someone awhile ago said in finance said that if someone is promising you consistent above-market returns it's either a scam or there is unknown or undisclosed risk. And the Crypto Andys were all like "you just don't understand DeFi!" to whic…

The 20% APY provided by Anchor was way above the average yields for safe DeFi lending. Which indicated that even among crypto users, this was considered a degen play! The whole Terra saga was a typical example of speculative bubble. Everyone knew it was risky, but its sheer size and the caliber of people endorsing it ( https://twitter.com/novogratz/status/1478535972560195585 ) was providing an aura of safety. Too big…

Every fundamental except liquidity - nice phrasing. It would be illuminating to see more analysis of liquidity in crypto markets and less purely technical analysis.

Re: We’re discontinuing the Stablegains service

#193

Post by kwertyoowiyop »

sedatk wrote: post #40

I recommend skimming over the list of blog posts shared over the course of a year about the rise and decline of a crypto startup. It's a great post-mortem: https://medium.com/@kamil.ryszkowski

Maybe the real StableGains were the friends we made along the way?

Re: We’re discontinuing the Stablegains service

#195

Post by simonh »

throwk8s wrote: post #163
koheripbal wrote: post #151

Earlier quoted context omitted.

What most people don't understand about finance is that there are fundamental rules that you really cannot break without consequences. Anyone who has studied quantitative finance knows that it is a HARD science. I worked with a Nobel prize winner in economics, and the math dominated. There was no politics, no opinions, no ethics involved. It really is a science. Most social media characterize finance as some ethical…

Is the math meaningful though?

To the same extent that money is meaningful.

Re: We’re discontinuing the Stablegains service

#196

Post by JumpCrisscross »

sillysaurusx wrote: post #164
JumpCrisscross wrote: post #46

If you are in the U.S. and lost money, please write to your state's Attorney General [1]. The company is Stablegains, Inc. and the people to name are Kamil Ryszkowski and Emil Rasmessen, co-founders and, I think, Board members. Copy Ken Paxton, Office of the Attorney General, P. O. Box 12548, Austin, Texas as well as his challenger George P. Bush at P. O. Box 26677, also in Austin. (Stablegains and its founders are i…

Take it from someone who lost his father’s money (all $11,000 of it) in 2014: it’s easier to just get over it as quickly as possible. None of this will amount to anything, and you’ll feel awful until you give up. Then the healing can begin. On the other hand, I’m not sure if I was mentally capable of hearing this advice back then, so… But it’s true. It’s 2022 now. That’s almost a decade ago. In fact I forget when exa…

> it’s easier to just get over it as quickly as possible. None of this will amount to anything, and you’ll feel awful until you give up

You don't write to your A. G. to get your money back. (You won't.) You do as an act of civic service.

These people will defraud again. Their investors will back people who will defraud again. Putting people in jail doesn't get anyone's money back. But it deters the next fraud.

Write the letter, send the evidence, write off the loss and then move on.

Re: We’re discontinuing the Stablegains service

#197

Post by CryptoPunk »

downandout wrote: post #187
jmyeet wrote: post #100

What's funny about this is that I can recall discussions here and elsewhere from only a few months ago questioning the "guaranteed" super-high returns. I forget who said this but someone awhile ago said in finance said that if someone is promising you consistent above-market returns it's either a scam or there is unknown or undisclosed risk. And the Crypto Andys were all like "you just don't understand DeFi!" to whic…

And the Crypto Andys were all like "you just don't understand DeFi!" to which the retort is "No, you just don't understand finance". If you believe the statement "if someone is promising you consistent above-market returns it's either a scam or there is unknown or undisclosed risk" it might be true that you don't understand DeFi to some degree. DeFi isn't a single market, it's millions of micro markets that are acces…

No post body was provided.

Re: We’re discontinuing the Stablegains service

#198

Post by HL33tibCe7 »

jmyeet wrote: post #100

What's funny about this is that I can recall discussions here and elsewhere from only a few months ago questioning the "guaranteed" super-high returns. I forget who said this but someone awhile ago said in finance said that if someone is promising you consistent above-market returns it's either a scam or there is unknown or undisclosed risk. And the Crypto Andys were all like "you just don't understand DeFi!" to whic…

The fact that people are putting their money on the line without realising this extremely basic fact of finance is concerning to say the least.

And the fact that YC actually invested in this company which claimed to contravene that basic rule is staggering.

Re: We’re discontinuing the Stablegains service

#199

Post by CuriousCosmic »

monkey26 wrote: post #186
koheripbal wrote: post #151

Earlier quoted context omitted.

What most people don't understand about finance is that there are fundamental rules that you really cannot break without consequences. Anyone who has studied quantitative finance knows that it is a HARD science. I worked with a Nobel prize winner in economics, and the math dominated. There was no politics, no opinions, no ethics involved. It really is a science. Most social media characterize finance as some ethical…

Will understanding the math make me rich? :)

It won't make you rich but it'll at the very least keep you from making yourself more poor.

Re: We’re discontinuing the Stablegains service

#200

Post by tjs8rj »

state_less wrote: post #191
throwk8s wrote: post #163

Earlier quoted context omitted.

Is the math meaningful though?

If we could all get a stable (guaranteed) 15% per year, everyone would invest. But the world economy doesn’t grow at 15%.

The US economy doesn’t grow at 7% a year but that’s what the s&p is expected to do
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