In the Beginning I was running technology for Credit and Rates trading at MerrillLynch in January 2009 when BankOfAmerica completed its takeover. This was arranged in the fall of 2008 a day before Lehman Brothers declared bankruptcy and as Merrill’s stock was going into free-fall. (For those new to investment…

I know it may seem lazy or worse, but Palmer states very precisely and clearly what the problem with crypto and decentralization is. Palmer’s words follow: I am often asked if I will “return to cryptocurrency” or begin regularly sharing my thoughts on the topic again. …

Let’s Set the Taleb There is no reason to speculate on when Bitcoin will crash. Yes, many and many prominent critics have pointed out all its inherent problems and risks and those of all cryptocurrencies. …

I am quoting what Jackson Palmer (creator of Dogecoin) said because it is the best and most concise observation of crypto and “decentralization” that has come along. And it deserves the widest of all possible audiences: I am often asked if I will “return to cryptocurrency” or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted “no”, but to avoid repeating myself I figure it might be worthwhile briefly explaining why here…

When you see a picture like this, it’s hard to say whether to laugh or be stunned at how over-the-top the silliness, foolishness or just plain delusion exists in the blockchain/crypto/decentralization community. Whatever else one might say about the chart above, it has to be one of the best illustrations…

We in America, the land of self-reinvention, are long acquainted with the revolving doors between our government and its regulatory/policy remits and the “private” sector. I put “private” in quotes, since there are whole executive suites and partnerships that look like former cabinets or senate or house committees. All-to-often we…

An excellent commentary. I was, however, disappointed with the swerve into a plug for Hedera. Hedera does mitigate some of the problems, but like all the attempts to achieve “decentralization” there is no point to it, no practical future and no reality to it. Decentralization is a false virtue that…