10th November 2021
One could never price a thirty year mortgage in bitcoin because its volatility makes it completely unpredictable and no sensible bank could calculate the risk of covering that debt. A world in which Elon Musk can tweet two emojis and your home depreciates 80% in value is a dystopia.
Recent articles
- Claude Opus 4.8: "a modest but tangible improvement" - 28th May 2026
- I think Anthropic and OpenAI have found product-market fit - 27th May 2026
- Notes on Pope Leo XIV's encyclical on AI - 25th May 2026