Bitcoin

I’m fascinated by Bitcoin, but not as a currency. I enjoy it’s mathematical underpinnings, its algorithms, its self-enforcing decentralization (I like torrents for the same reason). It is pretty ingenious with its block chain record of transactions and its use of cryptography, which I love. As a currency, though? It’s absurd. Ignoring the fact that… Continue reading Bitcoin

Hedge Fund Blues

Businessweek has put out a quite memorable story on the decline of hedge funds. The story, and a very good response, are worth a read. Even if you don’t pay much attention to that sector of finance a whole lot.