For a brief time only, fans of Odd Lots can get a huge discount to the entire Bloomberg site. All the great reporting that our colleagues do on everything that matters right here. So if you were thinking of subbing, do it now: bloomberg.com/oddlotspodcast
And just to be clear, the podcast is going to be free for everyone still on all the platforms. None of that is going to change. Some huge guests coming up.
The hackers that shut down the gasoline pipeline have apologized. They say they never wanted to cause all this disruption and that they just wanted to make money. They've promised to do better going forward. bloomberg.com/news/articles/…
Please read my latest Medium piece:
What Social Media Companies Can Learn About Moderation From Ransomware Hackers
Sorry Ransomware Hackers: Saying You Want To Avoid Geopolitics IS A Geopolitical Act
THE TWO BIGGEST CRITICISMS OF DOGECOIN ARE TOTALLY WRONG
In today's @markets newsletter, I wrote about how Dogecoin might have a better monetary policy than Bitcoin, and why its lack of developer community is irrelevant
@markets The lack of developers is the most hilarious thing to attack Dogecoin for.
Dude it's a joke coin with a dog mascot! WTF does it need development for?
@markets And the criticism is especially rich coming from Bitcoiners, who usually understand this point very well, that cryptos are money not tech, and therefore the same expectations of the software industry shouldn't apply and that if anything regular innovation and iteration is bad.
In today's @markets newsletter, I wrote about the claim that Bitcoin is now the 5th biggest currency in the world and why comparing its market cap to the "monetary base" of fiat currencies is nonsense.
@markets@crypto_voices@nic__carter@balajis I didn't have space to get into it in the piece. But conceptually just talking about the "amount" of a fiat currency is just not that useful, since it's relatively easy in an endogenous money system to create new money by posting an existing asset as collateral and get a loan