Max

John Boyd's OODA loop taught fighter pilots that tempo wins fights. But the deepest insight isn't cycling faster; it's blinding your enemy so they can't cycle at all. Privacy through encryption does exactly this, inverting normal attack/defense economics. When defense costs pennies and attack costs millions, the adversary can't afford targeting you. View Article →

Hodling bitcoin is not low time preference. Only lending or investment expresses time preference; a hoard is liquidity for consumption. New post on what time preference actually is, why wealth causes lower time preference rather than the reverse, and how the term has been inverted in popular usage. View Article →