Secured Debt, What Is It?
Not all debt is created equal. The difference between secured and unsecured debt determines what a lender can take from you when things go wrong — and most people don't think about it until it's too late.
Institutions, politics, law and collective behaviour — who sets the rules and how they govern us.
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RSS feedNot all debt is created equal. The difference between secured and unsecured debt determines what a lender can take from you when things go wrong — and most people don't think about it until it's too late.
The price governing trillions in crypto derivatives liquidations and settlement is not derived from assets changing hands — it is derived from quotes. This is a proposal to replace the benchmark with one anchored to on-chain settlement, where the only way to move the price is to actually trade.
"The property market has not been growing — it has been deferring. A prosecutorial essay on how debt props up prices, rent strips incomes, and the UK's illiquid conveyancing system quietly extends the default."
An essay on why contemplation matters in an age of metrics—how models, measurements, and proxies shape what we believe, and why humility, calibration, and discernment are prerequisites for progress.
When a voice can be generated on demand, presence becomes an output—and trust becomes a commons to protect. An essay on the Cartesian “I,” the inner monologue, and what it means to sound human.
A meditation on how water, trade routes, and the physics of movement shaped where cities formed—and how the human body itself quietly authored the logic of streets, corridors, and built space.
Modern businesses don’t just sell products—they build systems. From cross-subsidy and loss leaders to subscriptions like Prime, profitability is increasingly engineered across an ecosystem, over time, by shaping habit and default choice.
An exploration of how hacking and exploit markets serve not only criminals but also governments, intelligence institutions, and security companies that quietly purchase and weaponise systemic insecurity.
Reflections from late-evening delivery rounds on how the gap between how life looks and how it feels reveals a deeper discrepancy between the ideal order of reality and the lived weight of experience.
Exploring how quantitative easing and tightening reshape the dollar’s balance-sheet architecture, and how taxation functions as a burn mechanism within a fiat token system.
