Category: Economics
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Software Eats Itself
Late 2010s, somewhere in the protocol stack. A quiet panic went terminal. The smart money—the money that used to be smart—caught the scent. It wasn’t a bug. It was the feature, finally fully expressed: software, in its commodity state, wanted to be free. Not libre. Gratis. Worthless. But this was the hidden corrosion in the…
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East India Company
I first read The Anarchy by William Dalrymple in the early days of the Trump administration—back when there was still a fleeting concern of malevolent competence, a sense (however misguided) that the machinery might be steered, however clumsily. That mirage evaporated fast. What followedu wasn’t some masterclass in autocracy but a clown car of…
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Crypto: A Password Manager at a House Fire
I’m starting to feel like crypto is a solution designed for a different era—specifically the post-9/11, pre-Occupy moment when fear of institutional collapse and distrust in centralized systems reached a kind of fever pitch. The trauma of the 2008 financial crisis birthed a thousand libertarian dreams of algorithmic salvation. But here we are, over a…