An Interest Rates Primer for Cryptocurrency Folks

I’ve banged on a little bit on Twitter about how digital asset markets are continually recapitulating discoveries from fiat markets (securitization, credit-default swaps, corporate actions oh wait no disregard that). But aside from an effort by Genesis Trading, there’s been a surprising lack of interest or development in crypto interest rate markets. From what I’ve heard (and @ me if I’m wrong), crypto lending markets are not big. You can borrow bitcoin and other major cryptocurrencies for shorting or market-making purposes, but the rates are stiff (8-10% on cash-collateralised loans) and volumes are small.

Adding TLS to your S3 static site with Cloudfront

Step n+1 in the process of moving to a static site (steps 0 through n are right here) was to enable TLS encryption. Gone are the days when you had to fork out squillions of dollars for an SSL certificate if you wanted that fancy padlock in the address bar; these days, Amazon Certificate Manager hands them out for free. If you’re not wedded to the AWS ecosystem, the good folks at Let’s Encrypt hand out free certs as well, with their Clarkes-Third-Law-level magic configuration software.

The Old New Thing: Turning Static

Fifteen years ago, when I spun up what became, Movable Type was the de rigeur blogging platform, the CMS before any of us even really knew what a “CMS” was. It was Perl (with all the quirks that that implies); it was static (PHP-powered dynamic page generation was still TK); but it still meant that any idiot could post content on the web without having to learn to wrangle HTML.

Pounded By The Pound: Sports Direct’s Hedges and the Cable Flash Crash

Introduction Just after midnight London time on October 7th, 2016, GBPUSD (henceforth “cable”, henceforth “betty”1) abruptly plunged from 1.2620 to 1.1841 1.1938 1.1378 1.1500 1.14912 in the space of about three minutes, then just as quickly bounced back to the mid-1.20s. Explanations for the move ranged from “algorithms!” to “fat fingers!” to “stop-losses being executed in the typically thin, illiquid markets that prevail between NY and Tokyo timezones” to “hard Brexit” to, probably, “aliens landing on the grounds of Buckingham Palace!

Notes on “The Party Decides”

“The Party Decides: Presidential Nominations Before and After Reform” got quite a run during the 2016 US presidential primary season - mostly being trotted out to justify why the Republican Party would exert its dominance over the primary process and stop Donald Trump from getting up. That… well, that didn’t go so well, did it? Now that I’ve finished the book project (of which more later), I decided to pick up The Party Decides to see how well it held up after Trump.