Category Archives: crypto

“Crypto isn’t intrinsically valuable.” We’ve all heard it before. But what is intrinsically valuable in the first place, economically speaking? I’m confident very few people have actually thought this through. This is a shame because the single most fundamentally important concept any investor should clarify for themselves is this: just what is economic value? ThisContinue reading “Is Crypto Valuable? A First Principles Approach”

I recently had a friendly exchange with @RadagastTBrown on my Twitter account. Radagast is a Bitcoin maximalist. He used to buy into the promise of smart chains like Ethereum in the past, but after several ETH2 delays he’s consolidated his faith into Bitcoin as the end all be all crypto. Radagast is a smart, level-headedContinue reading “Why I’m not a Bitcoin maximalist”