Blog: AI Bubble - Are we there yet?
Bubble conditions are here. But risk sentiment is positive.
Topic
bitcoin
A collection of 10 issues
Blog: Are Stablecoins and DeFi taking us "Back to the Future?"
The decentralized US banking system in 19th century illustrates risks.
Blog: Skill vs. Luck in Markets
Don't confuse genius with a bull market.
Blog: Bitcoin Creates a New Type of Moral Hazard
A national "reserve" of an unregulated asset seems unlikely.
Blog: The Fractal Market Hypothesis, 30 Years On
While still an "alternate" idea, research continues to support the FMH.
Blog: Disruption, Speculation and Money
Is crypto like a banana taped to the wall?
Blog: Bitcoin Post Election Analysis
It's still not investing.
Blog: Bitcoin - Value vs. Utility, or, "Is Bitcoin Useful?"
Bitcoin. What is it good for?
Blog: Are Crypto Currencies Beanie Babies?
While I was a parent in the 90s, many of the people who work in markets these days were kids. Most of you will remember Beanie Babies, the little toys that became the modern equivalent of tulip bulbs in the early 1600s. In both cases they were items of limited
Blog: Bitcoin are Pork Bellies, Not Gold
Bitcoin proponents often refer to cryptocurrencies as “digital gold.” But aside from both having few practical uses, bitcoin and gold have little in common. Yet despite its lack of utility, bitcoin continues to trade. Along with other cryptocurrencies, bitcoin seems to have taken on a life of its own as