- Defi and Shadow Banking 2.0: Leverage, rigidity and bank runs.
- This day in history: 2002, 2012, 2017
- Colophon: Recent publications, upcoming/recent appearances, current writing projects, current reading
“Did you know that 87% of all conversations about blockchain technology are nonconsensual?”
It’s already an old joke, but it’s sure aged well.
Hardly a day goes by without someone demanding that I listen to their explanation of their blockchain idea. A lot of times, I listen. Look, a lot of people I consider to be smart and thoughtful are really excited by this stuff, and I know them well enough to believe them when they say they’re not excited about the possibility that they can get in on the ground floor of a Ponzi scheme and exit with a bunch of suckers’ money.