Proof of Plant: A New Vision for Crypto, Part 1
I want to change the language of crypto from mining to growing. I do not mean this in a metaphorical sense. I mean a proof-of-plant method for literal…
Category: Note
In Praise of Bitcoin
What made Bitcoin special is nearly lost, and what remains is a false and constructed narrative that exists in service to Wall Street and Washington r…
Mailbag: ET Forum Edition
We are now more than 900 Pack members strong on the ET Forum, with more than 1,000 posts contributed by smart, clear-eyed, full-hearted people from al…
What Do We Need To Be True?
Modeling common knowledge by analyzing missionary statements and their reverberations works. Except when it doesn’t.
A Tiger Can’t Change Its Stripes
What do you get when you give a raccoon billions of dollars AND invisibility from regulators? Collusion and insider trading.
The Opposite of 2008
In 2008, the US housing market - together with a Fed that thought the subprime crisis was "contained" - delivered the mother of all deflationary shock…
Hunger Games
You have been told that the odds are ever in your favor. You have been told this for your entire life.
More and more, you suspect this is a lie.
Ove…
AMA? BITFD!
The American Medical Association is not a charitable organization.
The American Medical Association is not an educational organization.
The American…
The Grifters, Chapter 3 – Election Prediction
Polls create the plays. Election models create the score. Fivey Fox and "Nate Silver" announce the game. All to create engagement with a diversified m…
“Quantile Tracking Errors (QuTE)” by Aguilar, Chengan, and Custovic
Aguilar, Chengan and Custovic dig into the concept of "tracking error" and find that current measures do a poor job of handling skewness and kurtosis.…
Fell on Black Days
2020 has awakened us to the Black Days constructed while we slept.
Now we act, and not just to avoid the worst excesses of the Trumpist clownshow or …
The Projection Racket, Pt. 2
The Projection Rackets will say that the solution to two-party dominance and the erosion of political self-determination is, like everything else, is …
The Welding Shut of the American Mind
The closing of the American mind is evolving into its next stage: the welding shut of the American mind.
What's the difference between closing and we…
The Projection Racket, Pt. 1
Some of us are uncomfortable with BITFD, and that's OK. Small-c conservatives should be uncomfortable. Small-l liberals should be uncomfortable.
The…
Mailbag – Lucifer’s Hammer Edition
It's been a full year since I wrote my last Mailbag note, which is kinda pathetic.
Well, better late than never. Reader comments and emails followin…
Lucifer’s Hammer
There's a comet speeding our way, a comet of endemic urban violence.
And for so many people - especially young men with the voice of Ego now shouting…
Facebook Delenda Est
More than any other company, Facebook is undermining our democracy and our most integral political rights.
More than any other company, Facebook has …
Why Publish Academic Research?
There are many institutional gatekeepers. There are many powerful guilds and socially embedded practices that seek to limit our voices and ideas. Are …
“Rebalance Timing Luck: The Dumb (Timing) Luck of Smart Beta” by Hoffstein, Faber and Braun
Hoffstein, Faber and Braun construct long-only indices that provide exposures to popular U.S. equity factors (value, size, momentum, quality, and low …
The Grifters, Chapter 2 – N95 Masks
I don't think I have the words to communicate just how screwed up our PPE distribution system is in this country, or what a profound betrayal it is fo…