volatility drag is thing -- careful out there

Nice little reminder that the virtual world is always instantiated physically *somewhere*. Basic industrial factors of production (commods, land, etc) will ALWAYS be investable assets. Meatspace is upstream of cyber space.

What’s a DEX, they said. Why would anybody want one of those, they said.

London should be the global leader in fintech. Nobody else has the same critical mass, with co-location of ALL of: * money * finance talent * tech talent * the regulator * the central bank And yet somehow building here is hard. Fixing stuff like the below should be so easy.

There would be nothing more extraordinary than a person who is average in all respects. Conversely, almost everyone is an outlier in at least *some* particular way. Lean into it.

Twitter should require real names If you are hiding behind an anon handle, your opinion doesnt count.

Maybe. Or maybe the binding constraint becomes scarce input factors like: Land, energy, materials, and permits. Have all the agency you want, if you are bottlenecked upstream in the real world supply chain you ain’t building anything other than more unneeded software.

Excellent post, highly recommend reading in its entirety. The vast automation coming requires the means of consumption to be further decoupled from the means of production. This will happen piece-wise via lots of different mechanisms. Post-labor economics is a thing.

In speaking with market participants, it seems like the AI investment bubble is predicated on the thesis that big incumbents will be able to rent-seek on the real economy *even more* than they already do. Meanwhile the companies themselves seem to see the capex spend as a

🪙 + ☀️ = ⚡️ ⚡️ + 🌊 = 🚰

Blatantly lying to everyone's face about cold blooded murder is deeply, morally wrong. That's not a political point. The stakes are nothing less than your very soul.

This. It’s all about what crypto can do, not crypto for its own sake just because it’s cool. The fun will be in use cases

This video should unsettle anyone who takes the United States seriously as a nation. Because it exposes something dangerous: the trivialization of the world's most consequential office. It shows how carelessly the power, credibility, and accumulated moral authority of a

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* new markets in new things * fast capital formation via flashmobbing and crowdsourcing * financial disintermediation * atomising balance sheets (thus solving too big to fail) This is what crypto is for