Trending Assets
Top investors this month
Trending Assets
Top investors this month
@mulligan
Brenden Mulligan
$208.2M follower assets
Startup guy. Former Product at Commonstock.
57 following2,749 followers
What if Commonstock had more anonymous profiles?
This question comes out of sheer curiosity. Let me explain the logic ..

Love it or hate it, web3/crypto is pushing boundaries of what financial transparency is. Never before has such a large number of people been comfortable with totally exposing their entire investment history. But many, if not most, do it anonymously. Although you don’t know who the ape-avatared person on twitter really is, you 100% know how well they’ve picked what crypto/NFTs to buy. That's enough to know if they're BS or worth listening to.

Commonstock is without a doubt the closest thing traditional finance has to web3. It brings transparency to traditional financial in a way no one has ever done before. It has made people comfortable exposing their trading history. And it’s done so while staying neutral (e.g. it’s not trying to compete with existing brokerages - it embraces them). That's made it lightyears ahead of unverified screenshots on WallStreetBets and far more objective than sites like Public whose ultimate goal is to compete with other brokerages.

That led me to wonder… while Commonstock has been very aligned with web3 psychology when it comes to being transparent about trading history, anonymity in traditional finance has largely been unexplored. On CS, you have to reveal (for the most part) who you really are (“doxxing” yourself in web3 parlance). Even if that’s not a requirement, it’s the vibe.

But what if it wasn’t? How would you feel if the portfolio you were tracking was a totally anonymous identity. If you knew that CS guaranteed the trading history was verified and accurate, would it matter? Or would you be hesitant to trust it without a real identity tied to it?

I'm genuinely curious, and would love the community's thoughts on it.

Disclosure: I'm a Commonstock shareholder, former employee, and big fan of the team and platform.
Would more people share portfolios on Commonstock if it was anonymous?
70%Yes
29%No

44 VotesPoll ended on: 5/8/2022

Would more people share portfolios if they were anon? I think, yes. It’s ‘easier’ to do so, to be able to hide behind anonymity. Perhaps, also easier to express one’s self without judgement.
Would it make me value the person/data/insights less? No.
Should Commonstock be exclusively anon? I don’t believe so.
So to answer your question, i think the answer is ‘yes’, people would share more but i think it should always remain optional and deserves more nuance. As innovative as Web3 has been, the dark side of anonymity has also been pretty evident.
+ 12 comments
The thing about NFTs...
The thing about NFTs that I don't think the general public gets yet is that they will make "crypto" accessible/interesting to the mainstream, and it'll have nothing to do with "currency" (or BTC).

When they get there, they probably wont be called NFTs. They'll be concert tickets, or sticker packs. They'll be the things we buy digitally, except instead of paying Snapchat for filters, you'll buy the filters and resell them when you're done with them.

Why do you think something like concert tickets would benefit from being an NFT?
+ 3 comments
Introducing the new Commonstock feed!
You might have noticed some things looking a little different when logging into Commonstock today. We've launched a new home page feed, which shows you the best of what's happening on Commonstock, sorted by what's been upvoted the most (upvotes are equivalent to Likes).

Why did we make this change?
There's a ton of great content posted to Commonstock every day, but for many of us, we miss it because we don't follow the author or it quickly is replaced with other posts and memos. Since the old feed was primarily based on who you were following, there was a lot of great stuff that no one was seeing.

How is it sorted?
Content in this feed can be sorted in two ways: Top and New.

Top content is initially what has been upvoted the most (though we'll be highlighting things with tons of comments/discussions too).

New is sorted by when it was posted.
You can also look at it in various timeframes (Recent, Past Week, Past Month...).

Can I see the content from JUST who I follow?
Absolutely. We've moved (and improved) the old feed into the Following tab. This feed will only show you content from who you follow and what assets you own.

Are there more changes coming to the feed?
This is the first of several planned changes over the next few months to improve how content is discovered on Commonstock (yes, we're working on ways to filter out asset classes you aren't interested in).

Hope you enjoy it! As always, send feedback!
post media

Two Art Blocks drops tomorrow
For anyone interested in NFTs, Art Blocks is a top curator of great artists and runs drops several times a week. By the time the stuff shows up on Opensea, the floor tends to be higher than the highest mint price (not always). And we seem to be in an NFT bubble so this isn't investment advice. These are only worth what someone is willing to pay.

That said, tomorrow there are two drops.

Eccentrics 2: Orbits by Radix

SpiroFlakes by Alexander Reben

Worth checking out!
post mediapost media

@ford08/25/2021
just took a screenshot for free - feels good to own these now
Add a comment…
There are too many crypto projects to track, but this one caught my ear. Alchemix ($ALCX.X) essentially issues loans that repay themselves with future interest.

Put $10k into Alchemix, immediately withdraw $5k, and the $5k will be repaid over the next 2-3 years using future yield on the $10k.

If interested, check out @kevin’s podcast with the founder https://www.modern.finance/alchemix/

I'm starting a Commonstock Trending portfolio
I'm excited to start a fun experiment. For the next year, I'll be investing in the top trending asset every week. Here's how it'll work:
‌‌
  1. At the end of each week, I'm going to look at the Trending board for the #1 global investing asset over a 1w period. This week, it's $MSFT.
  2. I'll buy the exact same dollar amount each week of that asset. To make this work, I'll be using a brokerage that supports fractional shares.
  3. To make the buy, I'll put in a market order for that dollar amount to be executed the following Monday.
  4. I will keep this entire portfolio in a specific brokerage account dedicated to this portfolio (this has been harder than expected to set up, see end of this post).

I'll do this every week for the next 52 weeks. Let's go!

What Brokerage?
Finding a brokerage to use for this has been slightly challenging. I need a brokerage that supports fractional shares and crypto investments and connects to Commonstock. I'd also prefer a simple UI since I dont need complex tools for this. Here's what I've explored:
‌‌
  • Robinhood: This would be perfect, but I already have a Robinhood account and you can't have multiple portfolios. I want this account 100% focused on this.
  • Ally: Doesn't support Crypto
  • Webull: Soesn't support fractional shares.
  • IBKR: Doesn't support crypto purchases.
  • SoFi: Does everything I want, but currently has a weird issue with Plaid, which means I can't connect it to Commonstock.

Right now, working on getting the SoFi account connected but will see. If I can't get it set in the next day, I'll make my first purchase next week.

I'd love any feedback on this, and if there's a brokerage I should look at that I might not have considered.
post media

I’m all for $BTC.X going up, but I’m excited for a time when the market matures and we don’t see major swings when Elon says things https://www.cnn.com/2021/06/14/investing/elon-musk-bitcoin-intl-hnk/index.html

@tdozzi06/14/2021
Agreed. It is important to look at On-chain metrics when Elon tells stories like this. A lot of the times you see buy and sell transactions worth between .01-1 BTC, showing that this is could be younger, more unexperienced money. For example, during the most recent sell off, most coins being sold were less than 6 months old and most were selling at a loss. This was probably because the people selling are new investors and were scared of volatility.

Bitcoin is very special because off how volatile it is. Those who can handle it will reap the rewards, those who can't will be constantly trying to time the market.
Add a comment…
I’ve been through a bunch of these, but this one feels especially swift and especially clobbering. I’d say buy the dip, but it feels like there’s more dippin’ to be done over the next few months / years.

The difference this time for me is, I think crypto has proven utility more than ever before, and I’m more confident than ever in a lot of the core projects.
post media

Watchlist
Something went wrong while loading your statistics.
Please try again later.
Already have an account?