The Future of the Future of Money

No one can see or touch cryptocurrency, but that’s not stopping it from entering the mainstream. It surpassed a market capitalization of $2.5 trillion this spring after beginning the year at less than $1 trillion. While it’s uncertain that cryptocurrency can maintain that blistering pace of expansion, continued growth seems assured, according to Sam Bankman-Fried, … Continued

Bitcoin Mining is Spewing Carbon

Producing bitcoins uses as much electricity as the nation of Argentina, but cardano is offering an alternative   An energy-efficient cryptocurrency called cardano could help dislodge bitcoin, a notorious electricity junkie, from its position as the world’s premier crypto. The shift in the market would be a meaningful step in the effort to curb the … Continued

Luckbox Leans in with Annie Duke

Annie Duke on trading, bet-sizing, prospect theory, outcome bias and quitting This conversation was edited lightly for style and brevity. You’ve pivoted from professional poker to teaching and giving talks on the behavioral psychology ofdecision-making. How did that shift occur? People have used that word “pivot” in relation to me quite a bit. I’m going … Continued

THE ISSUE WITH GAMBLING

I’ve been to the table, and I’ve lost it all beforeI’m willin’ and able, always comin’ back for more …If I’m bettin’ on a loser, I’m gonna have a devil to payBut it’s the only game I know to play, it doesn’t matter anyway—A Good Run of Bad Luck, Clint Black (1993) Luckbox is devoting this issue to gambling, … Continued

Amazon’s Predatory Capitalism

Success has rewarded Jeff Bezos. Twenty-seven years ago, he was a Wall Street refugee peddling books online with the help of a $250,000 loan from his parents. These days, he’s preparing to set sail in a 417-foot schooner that set him back $500 million. His company posted revenue of $368 billion last year, an increase … Continued

Maximum Rage

Amazon workers aren’t as concerned about the minimum wage as they are about brutal working conditions Amazon employs blatant union-busting tactics to keep harried workers from organizing at its giant fulfillment centers, according to observers of recent events at the company’s facilities in Bessemer, Alabama, and Staten Island, New York. The result? Despite what many … Continued

The face of the resistance

Author Danny Caine is raising Cain about the problems he says Amazon causes  A lot of people complain about Amazon, but Danny Caine is doing something about it. Caine, a poet and the owner of The Raven Book Store in Lawrence, Kansas, is the author of the book How to Resist Amazon and Why. He … Continued

Meet the SPAC: IPO 2.0

What investors need to know about the recently resurrected investment structure For decades, the Russian proverb “Trust, but verify” has guided the United States in its dealings with the Soviet Union and Iran. Today, the same principle applies to SPACs, the special-purpose acquisition companies formed to take private entities public. Investors hand over cash to … Continued

The Serendipity Mindset

Luck? It’s all in your head. In his book The Serendipity Mindset: The Art and Science of Creating Good Luck, author Christian Busch differentiates between what he calls blind luck and smart luck. Some people find themselves blessed with blind luck, like the good fortune of being born into a prosperous family. Others work to … Continued

Alien Artifact or Just Another Rock?

Scientists debate whether extraterrestrials may have created a mysterious object visiting us from outside the solar system The world may someday remember 2017 as one of those years that changed everything—like 1492 or 1776. It’s the year astronomers detected a mysterious object tumbling through space and gave it the Hawaiian name “Oumuamua.” How big a deal … Continued