Polymarket has ~80% market share of global U.S. presidential market volume

Before BlockTower, I worked at the University of Chicago Office of Investments (endowment) for 4 years. Learned a huge amount from my colleagues. One major lesson was around 'smart laziness.' /1

Telegram has launched a pretty intense campaign to malign Signal as insecure, with assistance from Elon Musk. The goal seems to be to get activists to switch away from encrypted Signal to mostly-unencrypted Telegram. I want to talk about this a bit. 1/

Let’s all get off twitter and on Ham radio.

'I'm autistic.'

'Does that mean you take things literally?'

'No, you're thinking of kleptomaniacs.'

20 years ago, I read high time frame macro analysis that predicted stuff like debt jubilees as part of the final inning of late stage capitalism. Even as I bought into the model, was hard to really believe it could happen. Ofc this is still a “fringe” proposal, but growing more

It's unfortunate that the WH issued the below Statement of Administration Policy indicating that the President would veto H.J. Res 109, the resolution to nullify SAB 121.

SAB 121 would require custodians to record customers' digital assets as liabilities on their balances

I don’t agree with every piece of this, but who else provides erudite + data driven socio-political-economic crypto essays? Well worth a read.

The University of Chicago, as usual, striking the right balance. Worth reading in full. It is exactly right.

President Alivisatos’ Note on the Encampment (April 29, 2024)

Dear Members of the University Community, Just a few hours ago, a group of students established an

The mortar attack on the shore-based component of the temporary humanitarian pier in Gaza being constructed by the United States is likely an act by Hamas, though no group has claimed responsibility. There was some misreporting of what took place as an attack on the US ship off

Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool.

Update on Morgan Stanley potentially allowing their 15,000 brokers to solicit client purchases of spot btc ETFs…

“We are going to make sure everybody has access to it. We just want to do it in a controlled way.”

No view on price, but it’s still *so* early.

via AdvisorHub

Smart take. I’m ambivalent. Definitely some rational economic agreements that will never happen without non-competes (like my phenomenal subsidized option market making education at SIG), but in aggregate they may be value destroying due to the asymmetry between employer and