A historical collection of our writing.
I have already written a bunch about ICOs here on Continuations, including earlier this week about the Chinese ban. Regulators are approaching this, not surprisingly, by focusing on their own country. While that’s understandable, it undermines one of the most promising aspects of using tokens as […] Read more (opens Continuations in a new tab)
Since I am an immigrant to the United States I want to comment on the Trump administration’s announcement yesterday to end DACA (Uncertainty Wednesday will resume next week). I first came to the States as an exchange student in 1983 to 1984, when I lived with a wonderful family in Rochester […] Read more (opens Continuations in a new tab)
As has been widely reported, China has banned all ICOs. Given the torrid pace of ICOs in China, many of which appear to be downright scams, this should not come as a surprise. What will be interesting to see though is what comes next. Here are some key questions. First, is this a temporary ban […] Read more (opens Continuations in a new tab)
This will be my last post until Labor Day. I will be spending as little time online as possible, reading books instead, spending time with family and friends and working on World After Capital. I will be disabling all notifications on my phone and checking email only twice a day. Given all the […] Read more (opens Continuations in a new tab)
Last Uncertainty Wednesday, we saw how diminishing marginal utility of wealth provides an explanation of risk aversion via Jensen’s inequality. Why would it be then that lots of people seem to like small gambles, like a game of poker among friends. One possible explanation is that the utility […] Read more (opens Continuations in a new tab)
As has been widely reported, in the last few months ICOs have raised significantly more money for blockchain startups than has come from traditional venture investors. This can be seen as a sign of the long discussed unbundling of venture capital. The idea is that while VCs bundle capital, advice, […] Read more (opens Continuations in a new tab)
