The purpose of a system is what it does. That is a complicated way of saying that we are not mere prisoners of the games we play. We are not supposed to be held hostage by the rules that try to confine us. The games we play, the tools we use, were all made by us. They were made by us in order to ...

The purpose of a system is what it does. That is a complicated way of saying that we are not mere prisoners of the games we play. We are not supposed to be held hostage by the rules that try to confine us. The games we play, the tools we use, were all made by us. They were made by us in order to ...

We have come a long way on this planet, our earth. And ever since we look up to the stars, we wonder, what it is that truly matters in this life. The human mind created the second realm, which we call imagination. An alternative reality that we can choose to believe in. The human mind is what fabricates everyone's very subjective social reality. And along those lines of thought, it wasn't necessarily truth that humans optimized for ever since, but something more meaningful to people. This mea...

We have come a long way on this planet, our earth. And ever since we look up to the stars, we wonder, what it is that truly matters in this life. The human mind created the second realm, which we call imagination. An alternative reality that we can choose to believe in. The human mind is what fabricates everyone's very subjective social reality. And along those lines of thought, it wasn't necessarily truth that humans optimized for ever since, but something more meaningful to people. This mea...

Markets are some of the most powerful concepts in human history. Our ability to leverage markets has enabled trade and wellbeing on a global scale across the centuries like we have never seen before. We can get lost amidst the marvellous progress that we accomplished in aggregate as all of mankind, thinking we have figured it all out. The thing is, we haven't. There are so many questions left to answer and there is so much progress yet to be made, to everyone's benefit. I have spent the past ...

Markets are some of the most powerful concepts in human history. Our ability to leverage markets has enabled trade and wellbeing on a global scale across the centuries like we have never seen before. We can get lost amidst the marvellous progress that we accomplished in aggregate as all of mankind, thinking we have figured it all out. The thing is, we haven't. There are so many questions left to answer and there is so much progress yet to be made, to everyone's benefit. I have spent the past ...

The Missing Billionaires, Against the Gods, The Price of Time. Books about money and finance. Books about wealth and ruin. Books about the art of investing and knowing thyself. One of those books brought the coin flip challenge to my attention. The task of that challenge is simple. You have a bia...

The Missing Billionaires, Against the Gods, The Price of Time. Books about money and finance. Books about wealth and ruin. Books about the art of investing and knowing thyself. One of those books brought the coin flip challenge to my attention. The task of that challenge is simple. You have a bia...

Many must be concerned with the nightmare that is taxes. It surprises me every time I hear somebody say thay are not declaring their crypto holdings when doing taxes. What is the plan with that strategy? You own something because you want to use it some day. Maybe I am making wild assumptions her...

Many must be concerned with the nightmare that is taxes. It surprises me every time I hear somebody say thay are not declaring their crypto holdings when doing taxes. What is the plan with that strategy? You own something because you want to use it some day. Maybe I am making wild assumptions her...

Dear diary, it was very surprising to me when I heard several times this week, that some people started to entertain the idea of exchanging their ETH for BTC. This is so surprising to me, because it does not make any sense in my head. Imagine somebody holding ETH ever since it traded around 11 USD, since the very early days, now allocating more to BTC. And for what reason? What are those people doing? What made them allocate money to ETH in the first place. And what makes them now want to rea...

Dear diary, it was very surprising to me when I heard several times this week, that some people started to entertain the idea of exchanging their ETH for BTC. This is so surprising to me, because it does not make any sense in my head. Imagine somebody holding ETH ever since it traded around 11 USD, since the very early days, now allocating more to BTC. And for what reason? What are those people doing? What made them allocate money to ETH in the first place. And what makes them now want to rea...

"But what about the inverted yield curve", can we hear them asking. And to me it is just all noise. People in crypto land are concerned with so many inversions on the 4D chessboard, and often I can't help but think, you are all just playing against yourself. If you want to make it, long term, then all you need to do is to bet on human progress. Technology equals human progress. And however you wish to express that bet on the human race, somewhere there between the lines of technology you will...

"But what about the inverted yield curve", can we hear them asking. And to me it is just all noise. People in crypto land are concerned with so many inversions on the 4D chessboard, and often I can't help but think, you are all just playing against yourself. If you want to make it, long term, then all you need to do is to bet on human progress. Technology equals human progress. And however you wish to express that bet on the human race, somewhere there between the lines of technology you will...

This week I want to open with a framework that I call the relevant and probable. The relevant and probable describes types of information and their value that we should rather pay attention to, or rather not. From a system point of view, information can be many things. And only the information th...

This week I want to open with a framework that I call the relevant and probable. The relevant and probable describes types of information and their value that we should rather pay attention to, or rather not. From a system point of view, information can be many things. And only the information th...

In crypto we suffer from the utility paradox. The space is full of speculators. And all of those speculators love to, well, speculate. Their imagination is what drives them. And in turn, anything you can explain and prove with data is not surrounded by that magic fairy dust of wishful thinking an...

In crypto we suffer from the utility paradox. The space is full of speculators. And all of those speculators love to, well, speculate. Their imagination is what drives them. And in turn, anything you can explain and prove with data is not surrounded by that magic fairy dust of wishful thinking an...

The new meta in Ethereum land has apparently been to suggest that we better reduce the amount of available blobs for data availability, because the fees generated as revenue on Ethereum are now "too low". When you have a look at the timeline, then high fees were bearish for Ethereum in 2021, beca...

The new meta in Ethereum land has apparently been to suggest that we better reduce the amount of available blobs for data availability, because the fees generated as revenue on Ethereum are now "too low". When you have a look at the timeline, then high fees were bearish for Ethereum in 2021, beca...