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Here are the main points the video discusses:
1. Paul Tudor Jones is a trader who got his start as the trading assistant -- he refers to it as a secretarial position -- for a commodities trader. He learned the business that way, and is now a billionaire hedge fund manager.
2. Jones made much of his fortune in the crash of 1987, which he foresaw through his analysis of debt cycles and Elliott Wave. Jones saw the similarities between the market in the late 1980s and that in the late 1920s.
3. Like most successful traders, Jones understands the importance of risk management. Mental stops are applied to all positions and an understanding of market correlations is also used to help mitigate risk.
4. Jones is a swing trader who looks for swing highs and swing lows. Jones finds it easier to trade markets for quick profits when they are at these extremes. He will often catch the reversal, but will not ride the trend for its full duration. At least this was his approach during the late 1980s.
5. Jones believes debt is the key driver of the global economy. Accumulation of debt correlates to booms, and when a peak debt level is reached and repayments must become a priority, a society enters a bear market. This viewpoint, coupled with Elliott Wave analysis and comparisons to price movement in the late 1920s, helped Jones forecast and profit from the crash of 1987.
This video contains an excerpt from the PBS documentary "Trader" -- a short film about Paul Tudor Jones.
There are 3 major pitfalls with reaching consensus around the outcome of an event.
These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
Underscoring the seriousness of the undertaking, ASX recently produced an 87-page progress report. Roll-out is targeted for late 2020 or early 2021.
In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.