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…

“Today, Pepe has evolved into a symbol of both internet culture and the crypto world.” The above quote is from a recent story posted on Hacker Noon by CryptoHayes, aka Arthur Hayes, the founder and ex-proprietor of BitMex. However seriously exaggerated this quote may be, it nevertheless straightforwardly places crypto…

Will send the phone number to Spammer bot. Enjoy!

I have been digging into the weeds of crypto, decentralization, economics, etc. for awhile now. It has become a slog because there is a rapidly growing tidal wave of trend-hoppers turned into an earth-sized juggernaut it seems. And then along comes Scott Galloway and in one article nearly nails it all. At least in terms of clipping all the peaks. And he has 149,000 followers. So have a look: The False Promise of Web3 The advertised decentralization of power out of the hands of a few has, in fact, been a re-centralization of power into…marker.medium.com

Here is the last year in BitCoin’s price: Before we go on to the advice of the largest US “exchange” for crypto, let’s take a look at the last year for the premier cryptocurrency, BitCoin, above. Now, take this in: “If you started buying crypto during the fizzier months of…

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…