Bill Lee
@billtlee

Serial entrepreneur who loves living on the edge of technology. @dualmintrwa Co-Founder, CEO & CTO. prev @oracle

 Central District, Asia/Hong_Ko
dualmint.com
Joined February 2008
76 Photos and videos
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When everything fails the same way, you weren't diversified

Stocks are correcting now. But the correction is the last shoe to drop, not the first. Metals peaked months ago and have been grinding down since. Private credit has spent those same months gating
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Telemetry Is the Underwriting

A lender pulls a credit file once and reads a price feed forever. A machine hands you a single stream that does both jobs, and it never goes quiet. When a curator looks at a new collateral type, one
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How You Score a Machine That Has No Credit Rating

A borrower has a credit file. A washing machine does not. Here is the instrument that underwrites one anyway, and what it decides. Hand the same equipment deal to two underwriters and you can get two
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Valuing an Asset That Has No Price

A token has a market price. A machine has only the cash it produces, and a vault of them still needs a number that means something. Almost everything held onchain has a price someone else is quoting.
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The Onchain Financing Gap Between $10K and $100K

Street-level equipment has been financed in TradFi for decades. The cash flow it produces has almost no path onchain. That gap, not a financing shortage, is the opportunity. It is tempting to say that
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The Yield That Doesn't Compress

Three sources of onchain yield. Two of them fall when the cycle turns. One doesn't. The useful question about a yield is not where it comes from. It is why it persists, or why it disappears. Two
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Collateral That Fails Differently

A curated lending book is an exercise in selecting uncorrelated risk. The curator's value is not the yield on any single market but the judgment that the book, in aggregate, will not fail all at once.
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Two years on one question

The question sounds simple: how do you underwrite a machine when the operator can be swapped? We spent two years properly working it out. Standard credit asks one thing, will the borrower repay? The

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