Bitcoin and the Resurgence of the Bearer Asset

Most people who haven’t gone down the Bitcoin rabbithole yet don’t really understand the paradigm shift that has happened with the invention of digital bearer assets. They fundamentally change the nature of assets back to something that looks more like traditional capitalism.

How to Protect Yourself from Davos Man

The tension between Davos Man and the Sovereign Individual lays out two distinct pathways for the future. They will both occur, and which one you participate in will be largely self-selecting.

No One is Coming to Save YOU or Crypto

What we saw last month was a run on Crypto. We saw what can happen with no government backstop and no quality guarantees. We saw retail investors wiped out. We saw Crypto funds taking heavy losses.

But there was no government bailout.

Why The Cantillon Effect Creates Communism

Turns out Keynes was a Commie Awareness of the centuries old concept of The Cantillion Effect has been experiencing a revival of late, particularly since the extraordinary acceleration of monetary injections that occurred under COVID. Named for the French-Irish economist who died in 1734 (he was murdered), the Cantillon Effect is when you create a […]

Coinbase as the Amazon of Crypto

A bald and slightly malevolent CEO isn’t the only common factor between the behemoths of Crypto and Consumer Goods. When looking at how to value Coinbase and trying to figure out where they are going, it is instructive to compare them to a once tiny internet bookshop that went on to dominate a diverse range of tech markets from Web Services to Home Security.

The Gerontocracy Strikes Back

The reason for their visceral hatred toward digital sound money is because on some level, Buffett and Munger know that one of the major tailwinds of their stellar success has been the destruction of the monetary base layer. Bitcoin threatens this because it fixes Cantillon Mercantilism.

The War on ‘Woke’ Capitalism has begun

We’re past the “crypto is here to stay” phase and into the early innings of hyper-Bitcoinization. There will be no crypto ban, and Peter Thiel declared war on “woke” capitalism. Here are the five big takeaways from the #Bitcoin2022 conference.

Hyper-Bitcoinization is Now Baked-In

Welcome to the Post-Post-Bretton Woods era, where third party custody of your wealth is a gun pointed at your head. There is really only one alternative to this situation: that is the widespread adaptation of a trustless, frictionless digital bearer instrument that can be accessed by everybody, everywhere, no matter what.