These days it's not about the price of Bitcoin, or the looming specter of stagflation, or even Donald Trump’s latest geopolitical maneuver. It’s about a feeling. A pervasive, low-grade anxiety that’s seeped into the financial news cycle, and is now expressed through a constant, frantic scanning of indicators – the dollar index, gold futures, consumer price indices – as if by meticulously tracking these numbers we can somehow solve the underlying problem. The Broken Promise of Decentralization...

There's a lot of noise in the crypto world. Every day brings a new threat, a new promise, a new headline designed to move the price of something. It’s exhausting. But underneath all the chatter, there’s a signal, and figuring out what that signal is, is what really matters. Right now, the noise is tariffs. A potential trade war between the US and Europe, triggered by a dispute over Greenland. It’s enough to send markets skittish, and it did. Bitcoin dipped overnight, settling around $88,000...

There's this company, TSMC. They make chips. Not design them, just *make* them. That’s important. It's easy to think of technology as just software, or clever ideas, but somebody has to actually build the stuff. And TSMC builds a lot of it. They're planning to spend something like $56 billion this year to build more factories. That’s a big number. It got me thinking about building things. Not just factories, or chips, but anything. Companies, careers, even good habits. We're so focused on the...