The erstwhile bad boy of money has now become the establishment. Bitcoin is no longer a cryptocurrency but instead has become a speculative asset. Many now believe that, like gold, it too is a hedge against the shenanigans of weak-willed political fiscal lords. And that is not cool, says former New Yorker writer James Surowiecki, who noted in a recent essay: “Bitcoin was, after all, not designed to be a speculative asset. It was designed to be a currency, a new medium of exchange that people could, and would, use to transact daily business with each other.” Bitcoin has never lived up to that original dream of being a currency, and there are multiple reasons why — the biggest being the speculative fervor around it. Surowiecki is one of my favorite finance writers, and he doesn’t disappoint with this piece. It is worth a read.
“In 2005, Apple moved to Intel to gain equality. In 2020, it’s moved away from Intel to gain superiority,” writes Ken Segall. He worked for Apple and was also part of Intel’s advertising agency team, so he knows a thing or two about the two companies. “By unveiling the M1 processor, Apple has exposed its Moon Monolith to the sun, marking a major inflection point in its existence. ” A fun piece to read, especially if, like me, you are gobsmacked by the audacity of Apple’s chip ambitions.
Actions taken by technology platforms in the wake of Capitol Hill’s events have generated intense debate, especially from within the tech community. But many of the loudest voices have shown little understanding of the nuance of the situation or the historical context of actions taken by various platforms. Writing on her blog, Jillian York of … Continue reading Tech & the American Crisis