Tether being a fraud teaches us more about fiat than it does about cryptos
Tether tells us more about the flaws inherent in fiat currencies than it does about cryptos. Tether could be viewed as a microcosmic example of the USD being played out in fast-forward.
We’re in a Bubble that’s Too Big To Fail
I’ve been hearing the phrase “Everything Bubble” come up more often lately. This isn’t a new phrase, Graham Summers was among the first to coin it in his 2017 book “The Everything Bubble: The Endgame for Central Bank Policy”: “The Everything Bubble chronicles the creation and evolution of the US financial system, starting with the […]
Gold vs Bitcoin is F-ing stupid
There, I said it. With all due respect to the people arguing this one way or the other – many of whom are super intelligent. This is a self-defeating argument that can only be resolved via an act of faith.
The JackPot Chronicles Scenario 1: Force Majeure
This is the second instalment of The Jackpot Chronicles: Four Possible Post-Coronavirus Scenarios. Force Majeure means: a chance occurrence or superior force that renders a contract unenforceable and frees all parties from their obligations under it. We are frequently told that there exists some manner of “Social Contract” to which we are implicitly bound by […]