The Paradox of Scale: Why Large Is Not an Asset for "Alpha"



Within the very cutthroat environment of Web3, "alpha" is defined as the information edge which allows an investor to beat the general market performance. However, alpha is fragile in its nature due to the fact that it is based on the most ancient rule of trading: one has to be the first to know and the first to respond.

In the environment where an edge is lost instantly, as soon as a valuable piece of information is announced to a large audience, the market prices it.

Danny Stefanov.

P.S. Okay guys, time to reveal the secret. I'm working on a book that will help million of users in Web3. All I can say at the moment. Book taking significant part of my time since is not some random AI sh*t like a lot of books out there.

Book should be out by end of August or September. Stay tuned 💪🔥
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RugproofGrandma
· 07-09 02:34
If this book is truly substantive, Web3 needs this kind of depth.
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TheProphetOfToast
· 07-08 11:43
A million users? Let early readers profit first.
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GateUser-de2a15eb
· 07-08 10:40
Only by being one step ahead can you profit; once it's shouted out, the opportunity is gone.
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GateUser-9c5e44e3
· 07-06 19:19
Alpha's paradox is so well written: scale itself is the natural enemy.
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BugBountyBuddy
· 07-06 14:50
Information becomes obsolete, the speed of Web3 is too brutal.
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NotificationSoundInMistyValley
· 07-06 14:46
Finally, someone points out: Big is the original sin.
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LateBlockLarry
· 07-06 14:46
Alpha's paradox is so well written: scale itself is the natural enemy.
View OriginalReply0
LeverageWithdrawalInProgress
· 07-06 14:44
I will definitely buy Stefanov's book, reject AI garbage.
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BridgeSideEyes
· 07-06 14:43
Looking forward to this non-AI-generated book, see you in August.
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