"They eat most of their food at meals shared with other people. They eat small portions and don’t come back for seconds. And they spend considerably more time eating than we do. Taken together, these habits contribute to a food culture in which the French consume fewer calories than we do, yet manage to enjoy them far more."
—Michael Pollen
"From a depositor perspective, banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them."
"Rosenberg and Birdzell (1986) place institutional change at the center of events. They point out that for technological change to be effective and sustainable, the authorities must relinquish their direct control over the innovative process and decentralize it."
—Joel Mokyr, The Lever of Riches (1990)
people asking if anyone has a good library and me eventually realizing that i'm in a conversation with developers and this is not the time to mention my book collection
"The computer can be used as a tool to liberate and protect people, rather than to control them."
—Hal Finney, 17 years before receiving the first bitcoin transaction in history
when janet yellen said in 2017 that she didn't think we'd see another financial crisis again in our lifetimes maybe she was using the royal 'we' and just thought she'd be dead by now
Breaking:
the masculine urge to watch The Big Short again
if you want my sats you're gonna have to pay a lot more than whatever the current market rate is
this is an evergreen policy
when you read a lot and you travel a lot you eventually start to see less of a distinction between the two
"I would encourage folks who are interested in the historical context to go read the book 'When Money Dies' by Adam Fergusson. He's a British historian who wrote that book in the 1970's about hyperinflations in Germany and Hungary.
What you learn as you read that book is that the amplitude of the crises increases and the frequency of the crises increases as the money is dying."
—Caitlin Long
for the Nunu people in Zaire, the word for poor person is the same as the word for a person alone
great job with the #[0] live stream, loving the conference so far 🤙💜
speakeasies but for banned and original/unedited book editions
the used paper book market is the original decentralized, peer-to-peer, cash final, physical proof-of-work value transfer system with a hard-capped supply
