Links - August 04, 2017
- Bitcoin Exchange Had Too Many Bitcoins Matt Levine - Bloomberg
Last night my cousin asked me, “wait, so I heard bitcoin split, how does that work?” to which I replied, “it is not quite a split,” and pointed him to this article. The implications of value creation via new blockchains, and how that value affects the pre-existing base is something I had not thought about until now. It might be that inflation in the world of crypto comes from the creation of new chains. A lot of thinking to do about this. Also recommended, Levine’s follow-up “Bitcoin Forks and Unicorn Fakes”. In general, I’ve been enjoying Levine’s writing a lot lately.
- How BuzzFeed’s Tasty Conquered Online Food Farhad Manjoo - The New York Times
I absolutely hate Buzzfeed’s super optimized methods to grab my attention, and knowing that’s the goal I try to avoid their non-investigative content. However, Tasty is a great idea, and it is very well executed. I probably have burned hours of my life looking at their cooking videos, and yet not once have I tried one of their recipes (even though I cook almost every day!). There is just something about melting cheese oozing out or chocolate drizzling that makes you want to keep watching.
- Millennials Unearth an Amazing Hack to Get Free TV: the Antenna Ryan Knutson - The Wall Street Journal
I wonder how much of an actual trend this is. I haven’t paid for cable since I moved to the US, but I also have no interest in local TV, and I don’t think any of my friends do either. Yes, yes, we’re not representative, blah blah, but still. The craziest thing about this is people’s reaction to the fact that some things are free ‘No, you can’t live in America for free, what are you talking about?’ 🙄
- This Is How Your Fear and Outrage Are Being Sold for Profit Tobias Rose-Stockwell - Medium
The ethics of journalism, and the history of how modern journalism itself came about are interesting topics that I don’t know much about. I should work to change that. In the current historical context, it is important to understand how and why the content we consume is created. This post was a little too consparicy theory heavy for me, and yet I thought it was a worthwhile read. As I mentioned to my friend this weekend, I worry about the future of journalism. Laurene Powell Jobs buying a majority stake in the Atlantic or Bezos buying the Post kind of works in the short term, because their ideologies align with mine, and I kind of trust their intent, but tell me that the Koch brothers are buying the WSJ, and my reaction would be different. Creating incentives to keep the editorial integrity while maintaining a viable business is a tough 21st century problem.
- In ICO utopia, there is no division of labour Izabella Kaminska - FT Alphaville
A good point about governance, shareholder influence, and, in a way, democracy. If the shareholders are idiots, you end up making bad decisions. But if the shareholders are really smart but skilled in a different area, you end up making bad decisions too.
- The Cycles of Cities Tim Taylor - Conversable Economist
Urban economics and gentrification are recurring topics on this blog. This post doesn’t bring much new to the conversation, but the explanation of feedback loops and how the durability of buildings relates to the length of these feedback loops is interesting.
- The company isn’t a family David Heinemeier Hansson - Signal v. Noise
A short post on management. I like DHH’s and Basecamp’s view of people management. I don’t know how closely they follow what they preach, but they seem to assign value to the right things.
- Fear and Loathing in Homer and Rockville (Podcast) This American Life
Fighting over immigration where there is virtually none. The first act, where they talk to a skeptic who tries to educate himself by reading news online, is just amazing.
- Breaking News (Podcast) Radiolab
Who do we trust in a world where everything is falsifiable? I am really curious about how cryptography and provable mathematics could change this. Companies like Keybase are already working on it, but it is far far from mainstream. Even technical people like myself have trouble wrapping our heads around this issue.
- Long Distance (Podcast) Reply All
The first of a two part show. Alex gets a scam phone call, and he follows it to the source.
- Barbed Wire (Podcast) 50 Things That Made the Modern Economy
Tim Harford has a way of making even the most commonplace items interesting. Also recommended, the episodes on the Dynamo, the Limited Liability Company and Paper Money.