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26
Feb

Who would be a lender?

Square US financial services company Square reported their full year this week. Bitcoin revenue has gone from a bit of a sideshow to being the single biggest revenue item, by far. Sales grew 9x in 2020 and in their forward looking statement Square announced that in January 2021 CashApp had set a new record for monthly

19
Feb

Water

Water Taken from an address by David Foster Wallace in 2005, the idea is that the most obvious and important realities are often the hardest to see. Everyone has default settings, things they assume are just correct and they never question them. The idea is an excellent one and you can extend it to any corner

12
Feb

Worthless

 Cash on Hand To great excitement this week, Tesla allocated $1.5 billion of their Corporate Treasury cash to bitcoin. The excitement did not necessarily extend everywhere though. Here is Nils Pratley, who to my surprise is the Financial Editor of the Guardian (yes, they have one). Irrespective of what you may think of Tesla or

05
Feb

Adios Davos

I went to Davos (on Zoom) A small town in Switzerland rejoices as world leaders don’t visit. Remember Davos? The big pow wow for the rich and famous in the Swiss Alps. Well you haven’t heard about it because this year it happened on Zoom. That’s right, Davos is now called Zoom. Without the private jets, the