"A Solution in Search of a Problem" is a Low-Rates Phenomenon
Plus! Money and Equilibria; eSports; The Price of Liquidity; Plausible Deniability; The Illiquidity Premium, Continued; Diff Jobs
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Longreads + Open Thread
Become a member to gain access →Writing; Lifestyles; PostScript; Arms; Shorting; Economics; Dollars
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Grab: Building a Bank the Hard Way
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Is $80 Trillion a Big Number or Not?
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Hot Potatoes
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The Uses of Friction
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Longreads + Open Thread
Become a member to gain access →Cardboard; Walkman; Shorting; Railroads; Computing; Accidental Gods
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GitLab, Tools, and Strategy
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Tech Industry Productivity is Overstated (Because It's More Easily Measured)
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Transformative Transactions
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Why Finance is Hard to Decentralize
Become a member to gain access →Plus! Why They Don't Drill; Shorting; Crypto Liquidity; Food Convergence; Crypto Transparency; Diff Jobs
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Longreads + Open Thread
Become a member to gain access →Mergers; SAFEs; Twitter; Hacks; Cells; MF Global; Diff Jobs