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Publication Name: Falkenblog

Publication URL: http://falkenblog.blogspot.com/

RSS Feed: link

Owner Email: http://falkenblog.blogspot.com

Joined: November 27th, 2011


Falkenblog wrote a new blog post titled Median Anonymous Crypto Exchange Costs 1.5%, Sometimes 100%

Gemini's Order GUIMany of the big exchanges like Gemini or Coinbase do not have lots of alt-coins, and if you don't have an account the process of creating one can take days if not weeks. They also can make it hard to place orders, as Gemini's default trade mode is incredibly infantile. Further, these exchanges put up significant hurdles for market makers, and the only thing that prevents collusive tactics is free entry. Regulators are happy to prevent competition if they can make sure they have control over who gets to trade what.  Nonetheless, when you can trade directly the markets...
(83 days ago)

Falkenblog wrote a new blog post titled Convexity Explains the High BitMEX ETH Funding Rate

BitMEX offers swaps that make it easy to lever a long or short bitcoin (BTC) and ether (ETH). The main reason it trades so much is that they are based outside of US or EU control in the little archipelago-nation of Seychelles, and also that it transacts only in Bitcoin. This combination makes it difficult for regulators to attack.Their swap contracts are like futures contracts without expiry dates. A futures market trades off of a futures price, which is different than the spot price and its difference from the spot price is called the basis, where basis=spot - futures. The...
(117 days ago)

Falkenblog wrote a new blog post titled Why Taleb's Antifragile Book is a Fraud

In Nassim Taleb’ book Antifragile he emphasizes that ‘if you see a fraud and do not say fraud, you are a fraud,’ I am thus compelled to note that Antifragile is a fraud because its theme is based on intentional misdirection. The most conspicuous and popular examples he presents are also explicitly mentioned as not the essence of antifragility. Indeed, incoherence is Taleb’s explicit strategy, as the Wikipedia entry on Antifragility notes Taleb presents his book in a way to make it difficult to criticize. He tried to squeeze a weltanschauung onto the Procrustean bed of his Black...
(117 days ago)


I'm 46, and have three cute little kids and a beautiful wife. I'm a quant for a financial firm that does many things, mainly equity options market making, and I try to avoid things related to day-to-day activities. I blog for fun, and to champion some of my pet ideas.