I landed in the cryptocurrency space, thankfully, already wielding a healthy sense of skepticism. That didn’t help that much, unfortunately, because I quickly got sucked in by the promises of Bitcoin.
I still relish in those promises. They’re glorious in a niche way: some semblance of privacy, a new ability to transact across borders, a non-national form of currency. But I’ve finally learned what true skepticism means and it’s taken a really long time to figure out.
This seems like a twist, but hear me out.
I’ve faced a slew of questions that I haven’t encountered since the bullrun of…
Tom Hagen, a Norwegian billionaire (the 665th richest person alive) and suspected murderer, was released from jail last month after a lower court order to keep him imprisoned was reversed on appeal. Hagen is still being charged with murder or complicity to murder his wife, Anne-Elisabeth, and another suspect in his mid 30s was also recently arrested.
Hagen has been in jail for over a year after a dramatic daytime kidnapping of his wife took place in late October of 2018. The kidnappers demands? Monero, specifically 100 million krone worth (or just over $12 million). Anne-Elisabeth hasn’t been seen or…
It’s been a truly whirlwind six months.
I lost my mother, left the home I grew up in, saw the weird effects of COVID on society, and have gotten some recognition for writing.
For the last part, I have all of you to thank. So yeah, let’s start this off with a “Thank you. Thank you for the years of support. Years of support in the face of a ton of unnecessary hate.”
Okay, now that the mushy stuff is out of the way, let’s get down to business.
A friend posted this YouTube link of a Charlie Munger speech…
I don’t suffer from FOMO (or “Fear of missing out”) anymore, but I used to.
Let me tell you about the worst trade I ever made.
Familiarize yourself with the phrase “once in a lifetime” if you’re interested in finance, because you’re going to see it a lot. Every amazing trade is once in a lifetime — you’ve heard of many once in a lifetime trade’s already:
Maybe you’re seeing a running theme here?
There’s no such thing as once in a lifetime. Feel free to indulge in your regrets, think about…
There’s a helluva lot of news dropping today:
Which is why it probably seems trivial to be discussing Tether, a stablecoin completely unrelated to any of that. But Tether is quietly manifesting its destiny and reaching what once seemed like impossible goals.
Looking at the Transparency Page — which Bennett Tomlin points out is still not correct in its numbers — shows us that Tether is quickly approaching…
Though I am keen on stepping away from Medium and cryptocurrency in general for awhile, I can’t help but come back for the current scam — and yeah, I’m calling it a scam — that’s taken cryptocurrency advocates by storm: Bitclout.
The details of Bitclout have unraveled over the past week and the waters are quite muddied.
Here’s how it began:
By early March, a few well known individuals were already speaking of how Bitclout would transform the future of “productizing people.”
I’ve now spent over three years monitoring the cryptocurrency space, largely focusing on Tether and Bitfinex. This has been — as much as coiners like to pretend every nocoiner is salty and upset — a truly incredible and rewarding experience.
Some cool stuff I’ve learned about since being here:
I’ve previously written about how I wanted to delve into other areas of fraud outside the scope of cryptocurrency…
The past 50 years have seen an unprecedented level of stability and cooperation in the world — despite the 24 -hour news cycle suggesting otherwise. Violence is down, wars are down, the middle class (worldwide) has grown, child mortality rates are down, and literacy is up. But today we sit, like frogs in a warming pot knowing it’s too late, having a societal realization: while the West has been lulled into complacency, domestic partisanship, and repeated unwinnable wars, China has become a united juggernaut.
There are, of course, a hundred different points at which one can, with hindsight, perceive the…
Fraud. Fraud everywhere.