“That is not to say that Bitcoin will lead us to a pacifist utopia in which any attempt at violence suffers metaphysical intervention by the

“And finally, given its asymmetric return distribution I believe It is more risky to have zero exposure to bitcoin than it is to have a

“General Motors, Ford, AT&T and GE have cumulative debt that is larger than the entire HY market. Downgrades of any one of these names likely

“What is money? Why is it used? Which type of money is best? And why?” – Eric Yakes

Today we are diving into the foundational

“This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over

“Money, in the ideal (which we’ll likely always only ever strive for, and not achieve), turns a portion of ‘our work, here and now’, into

“Sacrifice is thus a critical component of value, as it is the use of one’s own limited resources, as that against which all action is

“This confluence of Fed hikes and investor naivety “presents the setup for a severe washout” as the “pernicious effects of rising interest rates on future

“The people at the end of the line who are flipping NFTs do not fundamentally care about distributed trust models or payment mechanics, but they