The latest shocking news in cryptoland comes from the SEC serving a Wells Notice (read: threat to sue) to Paxos, the issuer of the popular BUSD or Binance USD stablecoin. Despite the tumult, it currently stands at $12B in market capitalization, making it the 3rd largest stablecoin (at the time…

We are saddened by the recent events. Our thoughts go out to all affected by the collapse of FTX, the world’s second largest crypto exchange. We are saddened, but not shocked. It is a familiar pattern; the latest in a long line of collapsed centralized finance institutions: Terra, 3AC, Celsius…

The crisis of confidence in stablecoins in the wake of Terra’s collapse does not mean that they are a fundamentally worthless idea, or impossible to execute well. Our long thesis is that stablecoins are likely to become a fundamental building block of a modern financial system. We explain what stablecoins…

Who we are, why we started, what we write about We’re tired of the noise in crypto, and we bet you are too. What we care about is how this all matters in the long run; when what is new-fangled today becomes a mere fact of daily life tomorrow. The…

The dark side of funny math problems. What Math Memes Reveal About Our STEM Education There are a plethora of hilarious memes like this being shared around social media. Math test question is answered in an unexpected way — hilarity ensues. But there is a dark side to these funny math memes. These memes reflect a fatal flaw…

Singapore’s Central Bank Explains “What problem are you solving for?” The best ventures can readily and clearly articulate the need for their existence. The Singapore central bank’s response to “Wen airdrop tokenized SGD” is a excellent example of this user-centric thinking. The Monetary Authority of Singapore (MAS) recently clarified —…

Analysis of the text and audio of her apology reveals: Raeesah spent over a third of her speech (35%) talking about herself. Admitting wrongdoing accounted for only about half (18%) of the time she spent talking about herself. Apologizing to the police she accused of misconduct, and the rape victim…

Economists have long preoccupied themselves with trying to make rational decisions, especially when facing risk or uncertainty. …