Market Making and Time Horizons, Clubhouse Struggling, What Did I Get Wrong?

Good morning, Former President Donald Trump, who is not yet allowed back on Facebook, has a new blog! I actually think the format — it’s kind of like a Micro.blog, with Twitter and Facebook share links (but unfortunately no RSS) — is a good match for Trump’s style; more importantly, it’s a good reminder that […]

Facebook, Libra, and the Long Game

Libra is less about an immediate benefit to Facebook, and more about creating a world where companies like Facebook have the best chance to prosper. That is why Facebook gave up so much control.

Tulips, Myths, and Cryptocurrencies

Did you hear the one about the tulip bubble? It’s almost certainly a myth. It is myths, though, that explain why cryptocurrencies are here to stay.

Bitcoin and Diversity

First, an exploration of the block size debate that is roiling the Bitcoin world, and then how lessons from that debate apply to diversity in tech.

21 Inc. and the Future of Bitcoin

Bitcoin is commonly characterized as an alternative currency, but actually the core concept has little to do with money. The potential as a protocol is massive, but only if everyone everywhere is connected to the network. 21 Inc. is trying to make that happen.