Expand concepts

claims/authoritarianism.md

@@ -0,0 +1,2 @@
+# Bitcoin is a means to counter authoritarian regimes
+

claims/crypto-unbanked.md

@@ -1,4 +1,4 @@
-# Crypto is a solution for the unbanked
+# Crypto is not a solution for the unbanked
 
 Crypto is not a solution to unbanked, because by its [deflationary](../concepts/deflationary.md) design it [cannot function as a currency](is-bitcoin-currency.md) therefore it is unusable as a scaleable means for purchasing goods and services.
 

claims/is-bitcoin-currency.md

@@ -1,4 +1,4 @@
-# Bitcoin can function as a currency
+# Bitcoin cannot function as a currency
 
 Unlike the namesake of "cryptocurrency" might imply, [bitcoin](../concepts/bitcoin.md) is not a [currency](../concepts/currency.md). It does not fulfil the economic definition of [money](../concepts/money.md).  Instead bitcoin is best understood as a  [speculative](../concepts/speculation.md) [cryptoasset](../concepts/cryptoasset.md) or [gambling](../concepts/gambling.md) product.
 

claims/is-bubble.md

@@ -0,0 +1 @@
+# Crypto assets are a bubble

claims/negative-sum.md

@@ -7,4 +7,4 @@ This is comparable to the analogy of a game of poker and other [gambling](../con
 
 Investing in crypto assets is statistically guaranteed to lose money for almost all market participants because as investments they have no [income-cashflows](../concepts/income-cashflows.md). This differs drastically from [productive-asset](../concepts/productive-asset.md) such as [stocks](../concepts/stock.md) and [bonds](../concepts/bond.md).
 
-See [assets](../concepts/assets.md) comparison chart for comparison of crypot assets to productive asset.
+See [assets](../concepts/assets.md) comparison chart for comparison of crypto assets to productive asset.

claims/predatory-investments.md

@@ -1,5 +1,4 @@
 # Crypto assets are predatory investments
-
 Crypto assets are a form of predatory financial product. Crypto asset [market making](../concepts/market-maker.md) is subject to extreme forms of [market manipulation](../concepts/market-manipulation.md) not found in other regulated markets. The [price-formation](../concepts/price-formation.md) of crypto assets is untethered to any [fundamental-value](../concepts/fundamental-value.md) and instead depends purely on the [greater-fool-theory](../concepts/greater-fool-theory.md). 
 
 The price setting by crypto excahnges and [order-book](../concepts/order-book.md) design admits extreme forms of [asymmetric-information](../concepts/asymmetric-information.md) which privileges an [economic cartel](../concepts/cartel.md) who can manipulate crypto assets to extract wealth from public from unfair market making.

claims/threaten-dollar.md

@@ -0,0 +1 @@
+# Does bitcoin threaten the US dollar as reserve currency

claims/what-type-of-asset.md

@@ -8,4 +8,4 @@ Crypto assets are [not currency](is-bitcoin-currency.md) because they cannot ful
 
 Crypto assets are not [commodities](../concepts/commodity.md) because they have no intrinsic value needed to fulfil any productive economic activity or human need. Their definition of [use-value](../concepts/use-value.md) depends on a circular argument.
 
-Crypto assets may also be a form of [[art]] under the fuzzy definition of "artistic intent".
+Crypto assets may also be a form of [art](../concepts/art.md) under the fuzzy definition of "artistic intent".

concepts/aml.md

@@ -1,5 +1,4 @@
 # Anti Money Laundering 
-
 Money laundering is a criminal activity in which the provenance of money associated with a crime are obscured by passing the funds through legitimate businesses to obscure their origin.
 
 Crypto assets are used as a vehicle for money laundering.

concepts/bank.md

@@ -0,0 +1 @@
+# Bank

concepts/bearer-instrument.md

@@ -0,0 +1,4 @@
+# Bearer Instrument
+Physical [currency](currency.md) is a bearer instrument.
+
+Unhosted crypto [wallets](wallet.md) are bearer instruments for whoever holds their associated [private-key](private-key.md).

concepts/bitcoin.md

@@ -1,3 +1,43 @@
 # Bitcoin
 
-The first [cryptoasset](cryptoasset.md). Bitcoin is based on an environmentally destructive [consensus-algorithm](consensus-algorithm.md).
+Bitcoin is the first [crypto asset](cryptoasset.md) investment. Used as a vehicle for [speculation](speculation.md) and [gambling](gambling.md).
+
+## Properties
+
+Bitcoin is not a [currency](currency.md).
+
+Bitcoin is a [speculative](speculation.md) investment.
+
+Bitcoin is [deflationary](deflationary.md).
+
+Bitcoin has no [fundamental-value](fundamental-value.md).
+
+Bitcoin has no [use-value](use-value.md).
+
+Bitcoin has no [income-cashflows](income-cashflows.md).
+
+Bitcoin has a [present-value](present-value.md) of zero.
+
+Bitcoin has a [terminal-value](terminal-value.md) of zero.
+
+Bitcoin is a [greater-fool-theory](greater-fool-theory.md) asset.
+
+Bitcoin is a form of [gambling](gambling.md).
+
+Bitcoin is a non-productive investment.s
+
+Bitcoin has a negative [expected-return](expected-return.md).
+
+Bitcoin is a [security](security.md).
+
+Bitcoin is allegedly a [sound-money](sound-money.md) in the [austrian-economics](ideologies/austrian-economics.md) school of thought.
+
+Bitcoin is a [bubble](bubble.md).
+
+Bitcoin investing is a [zero-sum-game](zero-sum-game.md).
+
+Bitcoin has a [narrative-economics](../claims/narrative-economics.md) based on [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations towards [private-money](private-money.md).
+
+Bitcoin shares a payout structure similar to a [ponzi-scheme](ponzi-scheme.md).
+
+Bitcoin is based on an environmentally destructive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md).

concepts/blockchain.md

@@ -1,4 +1,4 @@
 # Blockchain
-A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function. A blockchain is a partial ordering of transaction event into windows of discrete time by which the transactions are problematically committed to a shared history which is synchronized via a [consensus-algorithm](consensus-algorithm.md).
+A data structure that maintains a list of transactions that are authenticated using public key cryptography and linked using a hash function. A blockchain is a partial ordering of transaction event into windows of discrete time by which the transactions are programmatically committed to a shared history which is synchronized via a [consensus algorithm](consensus-algorithm.md).
 
 A blockchain is the technical underpinnings for [crypto assets](cryptoasset.md) such as [bitcoin](bitcoin.md) and [ethereum](ethereum.md).

concepts/bretton-woods.md

@@ -0,0 +1 @@
+# Bretton Woods

concepts/cd.md

@@ -0,0 +1 @@
+# Certificate Deposit

concepts/commodity.md

@@ -1,6 +1,6 @@
 # Commodity
 
-An asset that is used for its [use-value](concepts/use-value.md) as an input to an economic process.
+An asset that is used for its [use-value](use-value.md) as an input to an economic process.
 
 ## Examples
 

concepts/counterparty-risk.md

@@ -0,0 +1 @@
+# Counterparty Risk

concepts/cross-bridges.md

@@ -0,0 +1 @@
+# Cross Bridges

concepts/crypto-exchange.md

@@ -1,4 +1,17 @@
 # Crypto Exchanges
-A corporate entity that acts as an intermediary between people to exchange [currency](currency.md) for [crypto assets](cryptoasset.md)
+A crypto exchange is a corporate entity that acts as an intermediary between people to exchange [currency](currency.md) for [crypto assets](cryptoasset.md)
 
-See [market-manipulation](market-manipulation.md) and [economic cartel](cartel.md).
+Crypto exchanes are not regulated as market makers or brokers, but instead as [money services business](money-services-business.md) which does regulate [order book](order-book.md) making or protect consumers against [market manipulation](market-manipulation.md).
+
+Many crypto exchanges offer their own [stablecoin](stablecoin.md) whose reserves may be comingled with customer funds.
+
+See [market manipulation](market-manipulation.md) and [economic cartel](cartel.md).
+
+## Jurisdictions
+
+Crypto exchanges are commonly set up in jurisdictions with loose or corrupt financial regulatory authorities.
+
+* Seychelles
+* The Bahamas
+* Cayman Islands
+* Singapore

concepts/cryptoasset.md

@@ -16,9 +16,9 @@ Crypto assets have no direct correspondence in traditional markets, but have sev
 
 * Zero-coupon perpetual [bond](bond.md)
 * Unspendable [currency](currency.md)
-* [equity](security.md) with no cash flows or dividends
-* [commodity](commodity.md) with no use value
+* [Equity](security.md) with no cash flows or dividends
+* [Commodity](commodity.md) with no use value
 * Exchange traded [pyramid-scheme](pyramid-scheme.md)
-* [derivative](derivative.md) contract with no underlying
-* [libertarianism](ideologies/libertarianism.md) performance art
+* [Derivative](derivative.md) contract with no underlying
+* [Libertarianism](ideologies/libertarianism.md) performance [art](art.md)
 * Self-organizing [ponzi-scheme](ponzi-scheme.md)

concepts/defi.md

@@ -1,3 +1,5 @@
 # Decentralized Finance (DeFi)
 
-Defi is a broad category of [smart-contracts](smart-contracts.md) which loosely correspond to digital contracts running on a [blockchain](blockchain.md) which allow users to create collateralized loans out of [stablecoin](stablecoin.md) and which have side payouts in so-called "governance tokens".
+Defi is a broad category of [smart-contracts](smart-contracts.md) which loosely correspond to digital contracts running on a [blockchain](blockchain.md) which allow users to create collateralized loans out of [stablecoin](stablecoin.md) and which have side payouts in so-called "[governance tokens](governance-token.md)".
+
+See also [yield-farming](yield-farming.md).

concepts/deposit-insurance.md

@@ -0,0 +1 @@
+# Deposit Insurance

concepts/deposit.md

@@ -0,0 +1 @@
+# Deposit

concepts/dogecoin.md

@@ -1,9 +1,45 @@
 # Dogecoin
 
-A [[memecoin]] [cryptoasset](cryptoasset.md) based on a joke about the Shibu Inu variety of dogs. 
+A [[memecoin]] [cryptoasset](cryptoasset.md) based on a joke about the Shibu variety of dogs. 
 
-Dogecoin is an example of a crypto asset with no political imaginaries, no [currency](currency.md) narrative, no pretension of [use-value](use-value.md), no [fundamental-value](fundamental-value.md), and no narrative economics whatsoever. it is a pure manifestation of the [greater-fool-theory](greater-fool-theory.md) with an investment thesis rooted purely in financial nihilism.
+Dogecoin is an example of a crypto asset with no political imaginaries, no [currency](currency.md) narrative, no pretense of [use-value](use-value.md), no [fundamental-value](fundamental-value.md), and no narrative economics whatsoever. it is a pure manifestation of the [greater-fool-theory](greater-fool-theory.md) with an investment thesis rooted purely in financial nihilism.
 
 Dogecoin is part of a larger class of nihilistic investments based around a collective dog money theme
 
-See [market-manipulation](market-manipulation.md).
+## Properties
+
+Dogecoin is not a [currency](currency.md).
+
+Dogecoin is a [speculative](speculation.md) investment. 
+
+Dogecoin is [deflationary](deflationary.md).
+
+Dogecoin has no [fundamental-value](fundamental-value.md).
+
+Dogecoin has no [use-value](use-value.md).
+
+Dogecoin has no [income-cashflows](income-cashflows.md).
+
+Dogecoin has a [present-value](present-value.md) of zero.
+
+Dogecoin has a [terminal-value](terminal-value.md) of zero.
+
+Dogecoin is a [greater-fool-theory](greater-fool-theory.md) asset.
+
+Dogecoin is a form of [gambling](gambling.md).
+
+Dogecoin is a non-productive investment.
+
+Dogecoin has a negative [expected-return](expected-return.md).
+
+Dogecoin is a [security](security.md).
+
+Dogecoin is a [bubble](bubble.md).
+
+Dogecoin investing is a [zero-sum-game](zero-sum-game.md).
+
+Dogecoin has a [narrative-economics](../claims/narrative-economics.md) based on [technosolutionism](ideologies/technosolutionism.md), [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations towards [private-money](private-money.md).
+
+Dogecoin shares a payout structure similar to a [ponzi-scheme](ponzi-scheme.md).
+
+Dogecoin is based on an environmentally destructive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md).

concepts/ethereum.md

@@ -1,2 +1,41 @@
 # Ethereum
 
+Ethereum is a [cryptoasset](cryptoasset.md) that extends the [bitcoin](bitcoin.md) model to allow the execution of [smart-contracts](smart-contracts.md).
+
+## Properties
+
+Ethereum is not a [currency](currency.md).
+
+Ethereum is a [speculative](speculation.md) investment. 
+
+Ethereum is [deflationary](deflationary.md).
+
+Ethereum has no [fundamental-value](fundamental-value.md).
+
+Ethereum has no [use-value](use-value.md).
+
+Ethereum has no [income-cashflows](income-cashflows.md).
+
+Ethereum has a [present-value](present-value.md) of zero.
+
+Ethereum has a [terminal-value](terminal-value.md) of zero.
+
+Ethereum is a [greater-fool-theory](greater-fool-theory.md) asset.
+
+Ethereum is a form of [gambling](gambling.md).
+
+Ethereum is a non-productive investment.
+
+Ethereum has a negative [expected-return](expected-return.md).
+
+Ethereum is a [security](security.md).
+
+Ethereum is a [bubble](bubble.md).
+
+Ethereum investing is a [zero-sum-game](zero-sum-game.md).
+
+Ethereum has a [narrative-economics](../claims/narrative-economics.md) based on [technosolutionism](ideologies/technosolutionism.md), [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations towards [private-money](private-money.md).
+
+Ethereum shares a payout structure similar to a [ponzi-scheme](ponzi-scheme.md).
+
+Ethereum is based on an environmentally destructive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md).

concepts/exit-scam.md

@@ -0,0 +1 @@
+# Exit Scam

concepts/expected-return.md

@@ -1 +1,4 @@
 # Expected Return
+Expected return (ER) is calculated by multiplying potential cashflow outcomes by the odds that they occur and then summing over the result.
+
+> ER = (return A x probability A) + (return B x probability B) + ...

concepts/governance-token.md

@@ -0,0 +1 @@
+# Governance Token

concepts/ico.md

@@ -1,6 +1,6 @@
 # Initial Coin Offerings
 
-Initial coin offerings are proxy [equity](security.md) fundraising structure that allows entrepeneurs to raise crypto assets in a common enterprise outside of existing securities regulation. Initial coin offerings are an exammple of [regulatory-arbitrage](regulatory-arbitrage.md) of [security](security.md) regulation.
+Initial coin offerings are proxy [equity](security.md) fundraising structure that allows entrepeneurs to raise [crypto assets](cryptoasset.md) in a common enterprise outside of existing securities regulation. Initial coin offerings are an example of [regulatory-arbitrage](regulatory-arbitrage.md) of [security](security.md) regulation.
 
 Initial coin offerings are illegal in the United States.
 
@@ -9,7 +9,7 @@ Initial coin offerings are illegal in the United States.
 * [@kharif_half_2018]
 * [@zetzsche_ico_2017]
 * [@kelly_ico_2019]
-* *[@debler_foreign_2018]
+* [@debler_foreign_2018]
 * [@cincinnati_ponzico_2017]
 * [@howell_initial_2018]
 * [@boreiko_serial_2020]

concepts/ideologies/accelerationism.md

@@ -0,0 +1 @@
+# Financial Accelerationism

concepts/ideologies/austrian-economics.md

@@ -4,7 +4,7 @@ A heterodox school of economics that attempts to reason about human behaviour fr
 
 This school of thought has seen a resurgence in relation to [crypto assets](../cryptoasset.md).
 
-Often resonates with advocacy for the [gold-standard](../gold-standard.md) and [libertarianism](libertarianism.md).
+Often resonates with advocacy for the [gold standard](../gold-standard.md) and [libertarianism](libertarianism.md).
 
 ## Prominent Thinkers
 

concepts/ideologies/market-fundamentalism.md

@@ -1 +1,3 @@
 # Market Fundamentalism
+The belief that [market](../market.md) are inevitable and desirable feature of [capitalism](capitalism.md) and that efficient and transparent [market maker](../market-maker.md) enables capital formation and general public prosperity.
+

concepts/illicit-financing.md

@@ -0,0 +1 @@
+# Illicit Financing

concepts/income-cashflows.md

@@ -1,3 +1,4 @@
 # Income Cashflows
+Income associated with a financial asset is [money](money.md) that is generated by the terms of the contract. Such as the revenue a [stock](stock.md) company generates from its operations or the rent a piece of real estate can generate.
 
 The discounted cash flow model is a method in quantitative finance of valuing a security, project, company, or asset using the concepts of the time value of money.

concepts/money-services-business.md

@@ -0,0 +1 @@
+# Money Services Business

concepts/nft.md

@@ -1,6 +1,12 @@
 # Non Fungible Token
 
-A type of [smart-contracts](smart-contracts.md) that associates a tradable [cryptoasset](cryptoasset.md) with a unique piece of data, often a url to hosted image representing some abstract or perceived notion of ownership in art or [sign-value](sign-value.md)
+A type of [smart contracts](smart-contracts.md) that associates a tradable [cryptoasset](cryptoasset.md) with a unique piece of data, often a url to hosted image representing some abstract or perceived notion of ownership in [art](art.md) or [sign-value](sign-value.md).
+
+NFTs have no [fundamental-value](fundamental-value.md).
+
+NFTs are a [speculative asset](speculation.md).
+
+NFTs have no [use-value](use-value.md).
 
 ## Tinkerbell Effect
 

concepts/platform-risk.md

@@ -0,0 +1 @@
+# Platform Risk

concepts/ponzi-scheme.md

@@ -4,8 +4,12 @@ A type of investment fraud in which old investors are paid out from an influx of
 
 [Crypto asset](cryptoasset.md) are often referred to as obscured or self-organizing Ponzi schemes.
 
+Investing in Ponzi schemes has a negative [expected return](expected-return.md).
+
 ## References
 
 * [@krugman_bitcoin_2018]
 * [@hutchison_postmodern_2012]
-* [@bartoletti_dissecting_2020]
+* [@bartoletti_dissecting_2020]
+
+See: [Investor.gov Ponzi Scheme](https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme)

concepts/price-risk.md

@@ -0,0 +1 @@
+# Price Risk

concepts/private-key.md

@@ -0,0 +1 @@
+# Private Key

concepts/pyramid-scheme.md

@@ -1,3 +1,7 @@
 # Pyramid Scheme
 
-A pyramid scheme is a fraudulent investment based on recruiting an ever-increasing number of "investors" or [greater fools](greater-fool-theory.md) into the scheme. The initial promoters recruit investors, who in turn recruit more investors, and so on. 
+A pyramid scheme is a fraudulent investment based on recruiting an ever-increasing number of "investors" or [greater fools](greater-fool-theory.md) into the scheme. The initial promoters recruit investors, who in turn recruit more investors, and so on. 
+
+## References
+
+* [Invesator.gov Pyramid Scheme](https://www.investor.gov/protect-your-investments/fraud/types-fraud/pyramid-schemes)

concepts/real-estate.md

@@ -0,0 +1,2 @@
+# Real Estate
+

concepts/regulatory-arbitrage.md

@@ -1,2 +1,2 @@
 # Regulatory Arbitrage
-The use of one region or jurisdictions laws to create financial products which abuse or break another jurisdictions laws using legal loopholes, [regulatory-capture](regulatory-capture.md), or outright scofflaw and criminal behaviour.f
+The use of one region or jurisdictions laws to create financial products which abuse or break another jurisdictions laws using legal loopholes, [regulatory capture](regulatory-capture.md), or outright scofflaw and criminal behaviour.

concepts/regulatory-capture.md

@@ -1 +1,2 @@
 # Regulatory Capture
+The movement of people working in regulatory bodies to take jobs in the industries they used to regulate. This may introduce conflicts of interest which are not in the public interest.

concepts/reserve-currency.md

@@ -0,0 +1 @@
+# Reserve Currency

concepts/rtgs.md

@@ -0,0 +1 @@
+# Real Time Gross Settlement

concepts/sign-value.md

@@ -1,3 +1,3 @@
 # Sign Value
 
-Sign value denotes and describes the value accorded to an object because of the prestige or social status that it imparts upon the possessor, rather than the [use-value](use-value.md) and [income-cashflows](income-cashflows.md) derived from the function or use of the asset.
+Sign value denotes and describes the value accorded to an object because of the prestige or social status that it imparts upon the possessor, rather than the [use value](use-value.md) and [income cashflows](income-cashflows.md) derived from the function or use of the asset.

concepts/sound-money.md

@@ -1,4 +1,4 @@
 # Sound Money
-An Austrian economics philosophy that an idealized [currency](concepts/currency.md) should be backed by a finite unchanging supply and fixed supply of a [commodity](concepts/commodity.md). 
+An [Austrian economics](ideologies/austrian-economics.md) philosophy that an idealized [currency](concepts/currency.md) should be backed by a finite unchanging supply and fixed supply of a [commodity](concepts/commodity.md). 
 
-See [gold-standard](concepts/gold-standard.md).
+See [gold standard](gold-standard.md).

concepts/theory.md

@@ -0,0 +1,6 @@
+non-physical commodity with no use value or intrinsic value
+computation that's strictly worse than what's available but wrapped in narrative
+narrative-generated asset class
+commodity fetishism
+pseudo-commodity
+fictitious commodity

concepts/wallet.md

@@ -0,0 +1,2 @@
+# Crypto Wallet
+An unhosted wallet is a crypto wallet not stored on a [crypto-exchange](crypto-exchange.md) or with a custodial service and whose private key is individually managed by the user.

concepts/wash-trading.md

@@ -1 +1,2 @@
 # Wash Trading
+The trading of an [assets](assets.md) in which the same party both buys and sells the product in order to fake transaction or [market manipulate](market-manipulation.md) the price of the asset.

concepts/web3.md

@@ -1,7 +1,8 @@
 # Web3
-An umbrella marketing term for a variety of endeveaours to integrate [crypto asset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart-contracts](smart-contracts.md) into existing internet infrastructure.
+An umbrella marketing term for a variety of endeavours to integrate [crypto asset](cryptoasset.md), [nft](nft.md), [dao](dao.md), [defi](defi.md) and [smart contracts](smart-contracts.md) into existing web infrastructure.
+
+See: [https://web3isgoinggreat.com](https://web3isgoinggreat.com)
 
 ## Citations
 
-* [@diehl_web3_nodate]
-* [@noauthor_my_nodate]
+* [@diehl_web3_nodate]

concepts/yield-farming.md

@@ -0,0 +1,2 @@
+# Yield Farming
+CDs

guide/index.md

@@ -59,7 +59,7 @@ Understand Web3 in terms of different perspectives on politics and economics.
 
 * [market-fundamentalism](../concepts/ideologies/market-fundamentalism.md)
 * [austrian-economics](../concepts/ideologies/austrian-economics.md)
-* [libertarianism](/idelogies/libertarianism.md)
+* [libertarianism](../concepts//idelogies/libertarianism.md)
 * [technosolutionism](../concepts/ideologies/technosolutionism.md)
 * [keynsian-economics](../concepts/ideologies/keynsian-economics.md)
 

meta/concepts-todo.md

@@ -0,0 +1,29 @@
+# Conceps TODO
+- [ ] [keynsian-economics](../concepts/ideologies/keynsian-economics.md)
+- [ ] [libertarianism](../concepts/ideologies/libertarianism.md)
+- [ ] [market-fundamentalism](../notes/market-fundamentalism.md)
+- [ ] [marxism](../concepts/ideologies/marxism.md)
+- [ ] [post-state-technocracy](../concepts/ideologies/post-state-technocracy.md)
+- [ ] [techno-collectivism](../concepts/ideologies/techno-collectivism.md)
+- [ ] [technolibertarianism](../concepts/ideologies/technolibertarianism.md)
+- [ ] [technosolutionism](../concepts/ideologies/technosolutionism.md)
+- [ ] [aml](../concepts/aml.md)
+- [ ] [censorship-resistence](../concepts/censorship-resistence.md)
+- [ ] [defi](../concepts/defi.md)
+- [ ] [deflationary](../concepts/deflationary.md)
+- [ ] [free-rider-problem](../concepts/free-rider-problem.md)
+- [ ] [inflationary](../concepts/inflationary.md)
+- [ ] [kyc](../concepts/kyc.md)
+- [ ] [leverage](../concepts/leverage.md)
+- [ ] [market-maker](../concepts/market-maker.md)
+- [ ] [meme-stock](../concepts/meme-stock.md)
+- [ ] [moral-hazard](../concepts/moral-hazard.md)
+- [ ] [order-book](../concepts/order-book.md)
+- [ ] [public-goods-problem](../concepts/public-goods-problem.md)
+- [ ] [regulatory-capture](../concepts/regulatory-capture.md)
+- [ ] [regulatory-arbitrage](../concepts/regulatory-arbitrage.md)
+- [ ] [shadow-bank](../concepts/shadow-bank.md)
+- [ ] [terminal-value](../concepts/terminal-value.md)
+- [ ] [value](../concepts/value.md)
+- [ ] [wash-trading](../concepts/wash-trading.md)
+- [ ] [web3](../concepts/web3.md)

notes/market-fundamentalism.md

@@ -5,6 +5,8 @@
 
 In Episode 2 of the series, Rufus Pollock and Stephen Diehl discuss the market fundamentalism perspective on crypto assets and the perspective on crypto assets from the perspective of day traders to quantitative hedge funds.
 
+[https://youtu.be/K5JtPTyc0y0](https://youtu.be/K5JtPTyc0y0)
+
 ## Topic
 
 [market-fundamentalism](../concepts/ideologies/market-fundamentalism.md)

notes/neo-metallism.md

@@ -5,6 +5,8 @@
 
 In Episode 1 of the series, Rufus Pollock and Stephen Diehl discuss the neo-metallist perspective on bitcoin and the concept of "digital" gold.
 
+[https://youtu.be/_o7pRFLzJHY](https://youtu.be/_o7pRFLzJHY)
+
 ## Topic
 
 [new-gold](../claims/new-gold.md)

notes/recent-events.md

@@ -1,4 +1,5 @@
 # Recent Events
+Sources: https://www.ft.com/cryptocurrencies
 
 ## White House Is Set to Put Itself at Center of U.S. Crypto Policy
 
@@ -8,10 +9,25 @@ https://www.bloomberg.com/news/articles/2022-01-21/white-house-is-set-to-put-its
 
 See: [regulatory-capture](../concepts/regulatory-capture.md) | [security](../concepts/security.md) | [systemic-risk](../concepts/systemic-risk.md)
 
+## Web3 allows tech to indulge in its love of both speculation and idealism
 
-# Business Rapper Was Bad at Bitcoin Laundering
+March 4, 2022
 
-*9 February 2022*
+https://www.ft.com/content/879ae372-bb3b-4aa1-a264-ce32304a77d9
+
+See: [web3](../concepts/web3.md) | [speculation](../concepts/speculation.md) | [technolibertarianism](../concepts/ideologies/technolibertarianism.md)
+
+## Crypto exchanges resist calls for ban on Russia transactions
+
+March 1, 2022
+
+https://www.ft.com/content/33c79ec2-6d26-4083-9093-2f05c3010536
+
+See: [crypto-exchange](../concepts/crypto-exchange.md) | [aml](../concepts/aml.md) | [regulatory-arbitrage](../concepts/regulatory-arbitrage.md)
+
+## Business Rapper Was Bad at Bitcoin Laundering
+
+*February 9, 2022*
 
 https://www.bloomberg.com/opinion/articles/2022-02-09/business-rapper-was-bad-at-bitcoin-laundering