Capitalism has largely been a triumph of hierarchy as an organizing mechanism. As we evolved from mercantilism into corporatism, appointing and holding accountable a single point of failure in a chief executive officer has become an effective shortcut for managing complexity when deploying capital. Leadership is responsible for the outcome. The aphorism “failure is an […]
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Are smart contracts freeing us from the tyranny of the legal class just to toss us into the maws of the developer class? Sure we think of lawyers as being inherently worse because they are bourgeois and protected by credentialism and regulatory capture. But as crypto gets more complex and smart contracts involve more intricate […]
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Day 225 & Explaining DAOs to Moms
My mother is a sharp woman. She’s interested in economics but if you asked her to explain securities law she’d probably shrug. Not her expertise. She did survive our family bankruptcy during the tech IPO implosion she’s got a slight intuition of securities law in the context of consumer protection but that’s about it. So […]
Everyone has their entertainment and mine is makes me a little bit of a stereotype. I hate podcasts but do most of my chores while listening to Bloomberg’s Odd Lots podcast. I was catching up today with an interview with equities analyst Tom Lee. My attention got caught and stuck on his description of Bitcoin. […]
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Day 1257 and Other People’s Labor
I am laying prone in bed hopped up on DayQuil and the good codeine cough medication. I have Covid and apparently this bout will be no picnic. Being sick can feel vulnerable. I imagine to most eyes I am economically and socially unproductive in this condition. I am not able to labor. When I am […]
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Day 1230 and Alignment is Consensus
Over the last decade I’ve gone deeper into a set of values that guide my relationship to what we should be building and for whom. Consensus and alignment will be the twin sisters of our shared reality. We achieve consensus through open networked & decentralized systems of governance and value. A trustless system reaches consensus […]
I’m in the Balkans for a few weeks doing some scouting and visiting with friends and colleagues. The western Balkans including Albania, Croatia, Bosnia and Herzegovina, Bulgaria, Serbia and Montenegro are known for their occasionally colorful participation in cryptocurrencies. The region has experienced currency volatility, struggles with central banking and even in Albania a civil […]
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Day 1122 and Zombie Media
The lifespan of a media brand is an odd thing. Commanding attention and influencing the opinion of large audiences is hard work. Distribution of information has changed a lot in my lifetime which has shaken the business of media. Some generational powers like Vogue have managed to hang on even as the internet democratized access […]
You could be forgiven for losing faith in the American Dream. We’ve had a rough couple of years with bad vibes and culture wars. The Great Weirdening era was not easy. I’ve been encouraging people to consider preparedness in the face of unrelenting uncertainty for a decade now. It’s time for us to move on […]
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Day 905 and Shilling Myself
I should be shilling myself in today’s installment of writing everyday. But I’m a little tired to pull off the full bragging I’d like. One of my favorite financial news and analysis sources, Axios Pro-Rata, featured my little pre-seed fund chaotic.capital with an in-depth look at resiliency technology. It’s a big deal to me because […]