Sublime

This was a first: a Wall Street trading firm whose business was premised on its ability to hire the brightest mathematical minds was now compelled to make arguments about the limits of math in life. “It was this hour-long conversation with the partner where he tried to convince me to stay because utilitarianism was flawed,”

chief technology officer at OKCoin. He’d left OKCoin in 2015 and created Binance in 2017; two years later, he was being described in industry publications as “the most powerful man in crypto.”

Sam explained how Jane Street made money, and added that the crypto markets were dominated by retail traders who didn’t pay much attention to price discrepancies from one crypto exchange to the next. To which Nishad responded: Why is it not the case that Jane Street or some other high-frequency trading firm will come along and take over the crypto

Understand your blind spot barrier.

Weigh second- and third-order consequences.

To date, it has been very difficult to conceptualize what value, exactly, has peacefully opted out of fiat and into bitcoin. Pricing only happens at the margin, and marginal fiat exchanged for bitcoin is just a bank liability that the bank relabels.

Use transparency to help enforce justice.