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Ode to the Weekend That Overthrew Quantum Mechanics Come, sing of the Saturday scholar, Whose laptop, courageous and bright, Destroyed a century’s physics Between supper and Sunday night. For Feynman, poor ignorant fellow, Had puzzled and…
I am going to say something that will irritate a great many academics, which is usually how one knows the sentence has some value. I work roughly fifty to sixty hours a week doing commercial research. On top of that, I do university…
One of the strangest failures in the modern blockchain world is that people routinely treat systems designed for digital cash as though the security model for a five dollar transaction should also secure a lifetime of savings. That is not…
The precise claim is not that Taproot makes the initial theft of BTC easier. Theft still requires compromised keys, fraud, coercion, a custodial breach or some other failure of control. What Taproot makes easier is concealing what happens…
The next twenty years will change the world, though not in the manner currently advertised by those who mistake a product demonstration for destiny. AI will not “take over”. Large language models will improve. Reasoning systems will become…
Artists and independent creators have been herded into increasingly elegant pens. Spotify, Sony and the other great intermediaries offer distribution, discovery and scale, but they also control access, visibility, payment and the terms…
Real adoption requires businesses to know that the rules they build upon today will remain the rules tomorrow. You cannot create global economic infrastructure when developers, committees and social media factions can repeatedly…
Bitcoin should not be governed by developers, exchanges, committees, foundations, miners or social media factions. Governance means the power to change the rules—and whoever can change the rules ultimately controls everyone who depends…
“The market decided” is one of those phrases people use when they wish to conceal the rather embarrassing fact that particular people made particular choices. Markets do not possess minds, hands or GitHub accounts. They do not write code,…
There are two ways to prosper in a system. One is to build something better. The other is to alter the rules until what you already possess becomes better by decree. The first produces wealth. The second produces influence. Civilisation…
Bitcoin was meant to be electronic cash. Not digital gold. Not a speculative shrine. Not an expensive settlement toy for institutions moving millions while ordinary users are politely shown the door. The economic design was simple: miners…
BTC is becoming an increasingly curious institution. It retains the theatre of a store of value, but not the reliability. It is advertised as an inflation hedge, yet behaves more like a leveraged risk asset whenever inflation, liquidity or…
At ten million dollars a coin, Bitcoin would no longer be merely expensive. It would become an industrial appetite wearing the evening dress of an investment. The first distinction is the one most enthusiasts carefully avoid: Bitcoin’s…