Newsletter - August 9, 2026

The Coldcard hack shows how hard it can be to run a bitcoin-only business. While building the hardware wallet itself might not be that expensive, it is a one-off cost. The associated ongoing software updates, paying for the updates to be professionally audited and running a credible bug

There’s a lot of unspoken assumptions in societies about how things work. In democracies, at least the US one in which I was raised, there was a strongly held belief that somehow voting picks the best people for the job. Even as early as middle school, it was pretty

I just sat my 3 month old son down on my leg for his post midnight feed burping. Deep in milk food coma, I tilted him forward and gently patting him on the back with a cupped hand until I heard that satisfying sound of a baby’s burp. I

Adopted from a reply to Erik Voorhees and fluidvoice.btc’s discussion on X re protectionism with regard to immigration: Nothing is ever fair in life or markets, but I respectfully submit that if a nation allows lots of immigration for one class of people or category of jobs while

I’ve always wondered why Chinese people living in mainland China seem so much less propagandized than Americans. I think I finally found a possible answer while listening to historian Darryl Cooper interviewed by Tucker Carlson. ...go back to the internal migrations in the 20th century after the Second World

Another article about another American leaving China. This one is a weird one though. But from 2023 — a time of widespread pressures on local government finances following three years of virus restrictions and a property slowdown — he was asked instead to pay closer to market rent. Given that his visa

I was taking a Pony AI robotaxi around Shenzhen this evening with my dad. Until the post month, I’d only take a Pony AI robotaxi to experience the technology or demonstrate it to visitors. The reason is that, up until recently, there weren’t really enough vehicles in the