Bitcoin is Venice

Bitcoin is Venice

“Does anybody really believe that, having fully understood the choice they face, any individual would choose to save in a self-referentially mispriced toxic loan rather than a provably sound digital bearer asset? Or, more simply still, that they will think it...
The Stone Ridge Letter

The Stone Ridge Letter

“Perhaps just in time, each U.S. citizen now has a choice. You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including...
A Note on Bitcoin

A Note on Bitcoin

“And replacing gold is just the start. Bitcoin isn’t just a better gold; because of its programmability, it’s a platform that will host the future of money. It will disintermediate many core functions in finance.” – James O’Beirne For those new...
A Symphony of Positivity

A Symphony of Positivity

“It takes two nudges to convert a nocoiner. The vast majority of people got their very first nudge in 2017. These people are now primed for that second nudge, which is coming in roaring.” – Eric Wall The new bull market is coming in hot, but it feels...