Patrick McKenzie
I work for the Internet and am an advisor to @stripe. These are my personal opinions unless otherwise noted.
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One of the most common questions Iโve gotten since writing about bond math, which I thought I already answered, is whether it affects loans as well. Yes, it does. A fixed interest...
The first sentence is God's honest truth, and to be honest, it snuck up on me. I am not making a claim to knowledge and/or power because I am acutely aware that consensus does no...
A phrase back in the day from Marginal Revolution which colored the rest of my perception of reality: โproduction function.โ The thing is the thing, but the who/where/what/how tha...
Credit cards are a legacy system. They are extremely important to commerce worldwide, but exhibit path dependence. Much of their functioning under-the-hood derives from decisions m...
I should get together a reading list on financial fraud. Itโs one of the subjects I periodically rabbit holes on and then periodically becomes suddenly professionally relevant.
An offhand comment on the topic of the day, from a comms professional: if you look at the number of interviews in prestige publications, the timing of them, the magazine covers, an...
People seem to like to take the word โDeFiโ away from you as soon as you blow up. Luna/Terra (USDT) was sold as a decentralized protocol. There was a central actor who put in plac...
Endorse! Also works if you work at a company. Send a shipped email or memo about what you did, what you learned, and what interested parties should take a look at next. https://t....
It doesn't matter what a PM at Google tells you; they'll rotate outwards after next perf cycle and it will be a new PM who will be utterly powerless to stop Google's mismanagement...
Not sure whether Steve Jobs would have personally caught this before launch, but am pretty sure that Steve Jobs would decree that this would be solved by close of business tomorrow...
I think someone should non-ironically sell this as a course. (Itโs a real thing taught in the world, including e.g. at universities, to executives from abroad by personal tutors, a...
This thread has some implied answers to what is happening over at BlockFi, where Iโd been confused as to whether they were solvent or not. https://t.co/UresNwfdow