[ad_1] Warning: this post contains crazy ideas. Myself describing a crazy idea should NOT be construed as implying that (i) I am certain that the idea is correct/viable, (ii) I have an even >50% probability estimate that the idea is correct/viable, or that (iii) “Ethereum” endorses any of this in […]
Monthly Archives: August 2024
[ad_1] “David was, simply, the best at what he did. He was to endowments what Jack Bogle was to funds — none better as a person or professional.” — Steven M. Galbraith David Swensen, who passed away last week, was among the most influential investors of his generation. As chief […]
[ad_1] Special thanks to Andrew Miller for coming up with this attack, and to Zack Hess, Vlad Zamfir and Paul Sztorc for discussion and responses One of the more interesting surprises in cryptoeconomics in recent weeks came from an attack on SchellingCoin conceived by Andrew Miller earlier this month. Although […]
[ad_1] Editor’s Note: Our Enterprising Investor podcast features intimate conversations with some of the most influential people from the world of finance. This post highlights some key talking points from a conversation between the show’s host, Mike Wallberg, CFA, MJ, and Campbell Harvey, PhD. In this episode of Enterprising Investor podcast, […]
[ad_1] One of the issues inherent in many kinds of consensus architectures is that although they can be made to be robust against attackers or collusions up to a certain size, if an attacker gets large enough they are still, fundamentally, exploitable. If attackers in a proof of work system […]
[ad_1] What follows is a hypothetical conversation between two fictional investment professionals, US-based Bob Smith and his colleague Sandra Mueller, who works in Frankfurt. Their topic: international equity investing and diversification. Bob Smith: Hi Sandra. How are You? Sandra Mueller: Hi Bob. Good, thank you. All is well here in […]
[ad_1] I was woken by Vitalik’s call at 5:55 this morning; pitch black outside, nighttime was still upon us. Nonetheless, it was time to leave and this week had best start on the right foot. The 25-minute walk in darkness from the Zug-based headquarters to the train station was wet. […]
[ad_1] Many of the businessmen I know are well-versed in economics, but none uses the science in their daily work. No other science is so thoroughly ignored by its practitioners. The reason is that economics went astray by borrowing ideas from physics. This mischaracterizes commerce as a “closed equilibrium system.” […]
[ad_1] I’m Vinay Gupta, the newly minted release coordinator for Ethereum. I’ve been working with the comms team on strategy, and have now come aboard to help smooth the release process (some of the content in this blog is out of date, please see this link for the most up to […]
[ad_1] “Every system is perfectly designed to get the results it gets.” — Attributed to Paul Batalden Dan Heath credits the inspiration for his latest book, Upstream, to a single parable ascribed to the sociologist Irving Zola. “It goes like this,” Heath, a bestselling author and senior fellow at Duke […]