Thanks to everyone who supported me and contributed ideas over the past nine months! Here’s where I think we are and where we’re going:

First, my philosophy: The purpose of government is to set frameworks that allow each of us to safely pursue our own version of happiness. Government should *expand* freedom, not constrain it.
Banks and other corporations are supposed to respond to demand by providing those things people want and are willing to pay for.
But sometimes institutions decide people’s ideas or economic choices are wrong, and then try to suppress those ideas or choices.
Hence decentralization: an *open* internet and an *open* financial system put power back in the hands of the actual people for whose benefit government and corporations are supposed to exist.
Also unbundling: why is it that only banks, and not fintechs or anyone else, have access to the payment rails? Europe has figured this out —why can’t we?
I’m incredibly optimistic that our big, brawling, risk-taking, dynamic country will continue to lead and succeed — but not by protecting powerful incumbents. Success will come from disruptive ideas that are scary today but expected and even necessary tomorrow.
Crypto? Scary to some today but necessary tomorrow as M1 money supply goes to the moon.
DeFi? Scary to some today but necessary tomorrow as some banks start telling you what you can and can’t do with your own money.
Stablecoins? Scary to some today but necessary tomorrow if we want the dollar to remain a competitive global medium of exchange.
Nondepository banks? Scary to some today but necessary tomorrow if we want the economy to grow and consumers to be protected.
Be well everyone and don’t be strangers. After a short sabbatical, I will be back in touch!

More from Government

Typically excellent piece from @dsquareddigest The exponential insight is especially neat. Think of it a little like fishing...today you can’t export oysters to the EU (because you simply aren’t allowed to), tomorrow you don’t have a fish exporting business (to the EU).


The extremely small minority of people who known anything about this who think that Brexit will be good for the City make a number of arguments which I shall address in turn...

1. They need us more than we need them. This is a variant of the German carmakers argument. And we know how that went...Business will follow the profit opportunity and if that has moved then so will the business...

And what do we mean by us / we. We’re not talking about massed ranks of Euro investing / trading etc blue blooded British institutions.

Au contraire. We’re talking about the London based subs of US, Asian and indeed European capital markets players...As soon as they think the profit opportunity has moved then so will they...it’s a market innit...

You May Also Like

1/ Some initial thoughts on personal moats:

Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.

Characteristics of a personal moat below:


2/ Like a company moat, you want to build career capital while you sleep.

As Andrew Chen noted:


3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than


4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.

5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.

In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
1/12

RT-PCR corona (test) scam

Symptomatic people are tested for one and only one respiratory virus. This means that other acute respiratory infections are reclassified as


2/12

It is tested exquisitely with a hypersensitive non-specific RT-PCR test / Ct >35 (>30 is nonsense, >35 is madness), without considering Ct and clinical context. This means that more acute respiratory infections are reclassified as


3/12

The Drosten RT-PCR test is fabricated in a way that each country and laboratory perform it differently at too high Ct and that the high rate of false positives increases massively due to cross-reaction with other (corona) viruses in the "flu


4/12

Even asymptomatic, previously called healthy, people are tested (en masse) in this way, although there is no epidemiologically relevant asymptomatic transmission. This means that even healthy people are declared as COVID


5/12

Deaths within 28 days after a positive RT-PCR test from whatever cause are designated as deaths WITH COVID. This means that other causes of death are reclassified as