controversy

Paribus. The Fragility of Finance.

Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

The Crypto Top 20 Looked Very Different In 2017, Will Your Fav Projects Still Be Relevant In 4 Years?

Popular crypto YouTuber Lark Davies tweeted about 2017’s landscape, pointing out that most of the top 20 tokens back then have since fallen away. He added that people need to be aware of the fast change in pace with cryptocurrency markets and to plan accordingly. “This is the top 20 #crypto coins 4 years ago today. Gives you some pretty solid perspective. If you don’t think your coin will still be here, or at least in the top 100 in 4 years from today then you had better have an

How to Restore Your Faith in Government

Images courtesy of MIT Video Productions Here’s the announcement of the new blockchain education program with the Massachusetts state government. It’s a big deal. We have a vision for where this kind of partnership can go, when governments begin educating themselves on the power of bitcoin and blockchain. That vision can be summed up in two words: Kendall Square. Kendall Square, then. The Kendall Square neighborhood lies next to the Massachusetts Institute of Technology, stretching along the Charles River that separates Cambridge from Boston. (Here’s a map.) Although you’d think