Fix claims links

claims/index.md

@@ -4,58 +4,58 @@ Explore crypto and "web3" in terms of the claims made about it. These subclaims
 #### Better Economy
 
 * [Is bitcoin a currency?](/claims/is-bitcoin-currency.md)
-* [Are crypto assets a risk to the dollar?](is-threat-dollar.md)
-* [What type of asset is a crypto token?](is-type-of-asset.md)
-* [How do we value a crypto token?](is-valuation-model.md)
-* [Are crypto assets a systemic risk to the economy?](../claims/is-systemic-risk.md)
-* [Is bitcoin the basis for a new gold standard?](is-digital-gold.md)
-* [Are crypto assets a bubble?](../claims/is-bubble.md)
+* [Are crypto assets a risk to the dollar?](/claims/is-threat-dollar.md)
+* [What type of asset is a crypto token?](/claims/is-type-of-asset.md)
+* [How do we value a crypto token?](/claims/is-valuation-model.md)
+* [Are crypto assets a systemic risk to the economy?](/claims/is-systemic-risk.md)
+* [Is bitcoin the basis for a new gold standard?](/claims/is-digital-gold.md)
+* [Are crypto assets a bubble?](/claims/is-bubble.md)
 * [Are crypto assets a form of gambling?](../claims/is-gambling.md)
-* [Are crypto tokens an inflation hedge?](is-hedge-inflation.md)
-* [Is private money a desirable system?](../claims/is-private-money.md)
-* [Is bitcoin compataible with ESG investing?](is-bitcoin-esg.md)
+* [Are crypto tokens an inflation hedge?](/claims/is-hedge-inflation.md)
+* [Is private money a desirable system?](/claims/is-private-money.md)
+* [Is bitcoin compataible with ESG investing?](/claims/is-bitcoin-esg.md)
 
 #### Better Society / Financial Inclusion
 
-* [What consumer protections exist for crypto assets?](is-consumer-protections.md)
-* [Are crypto assets a form of predatory inclusion?](../claims/is-predatory.md)
-* [Is crypto a solution for the unbanked?](is-crypto-unbanked.md)
-* [Is crypto providing faster payment rails or better remittance services?](../claims/is-better-payments.md)
-* [Are NFTs are good for artists?](is-nfts-artists.md)
-* [What is the narrative economics of crypto assets?](is-narrative-economics.md)
-* [Are crypto assets legal?](../claims/is-legal.md)
-* [Are crypto tokens a negative-sum investment?](is-negative-sum.md)
-* [Why do people invest in crypto tokens?](is-why-invest.md)
-* [Why does crypto have such a weird subculture?](is-weird-culture.md)
+* [What consumer protections exist for crypto assets?](/claims/is-consumer-protections.md)
+* [Are crypto assets a form of predatory inclusion?](/claims/is-predatory.md)
+* [Is crypto a solution for the unbanked?](/claims/is-crypto-unbanked.md)
+* [Is crypto providing faster payment rails or better remittance services?](/claims/is-better-payments.md)
+* [Are NFTs are good for artists?](/claims/is-nfts-artists.md)
+* [What is the narrative economics of crypto assets?](/claims/is-narrative-economics.md)
+* [Are crypto assets legal?](/claims/is-legal.md)
+* [Are crypto tokens a negative-sum investment?](/claims/is-negative-sum.md)
+* [Why do people invest in crypto tokens?](/claims/is-why-invest.md)
+* [Why does crypto have such a weird subculture?](/claims/is-weird-culture.md)
 
 #### Financial Liberty
 
-* [Is an unregulated transnational payment rail even desirable?](is-transnational-payment.md)
-* [Are crypto tokens a hedge against the "debasement" of the dollar?](is-hedge-debasement.md)
-* [Are crypto tokens a means to counter authoritarianism?](is-authoritarianism.md)
-* [Can I raise money for my non-profit using crypto tokens?](../claims/is-raise-nonprofit.md)
-* [Can I do a crowdfunded equity raise for my company using crypto tokens?](../claims/is-raise-company.md)
+* [Is an unregulated transnational payment rail even desirable?](/claims/is-transnational-payment.md)
+* [Are crypto tokens a hedge against the "debasement" of the dollar?](/claims/is-hedge-debasement.md)
+* [Are crypto tokens a means to counter authoritarianism?](/claims/is-authoritarianism.md)
+* [Can I raise money for my non-profit using crypto tokens?](/claims/is-raise-nonprofit.md)
+* [Can I do a crowdfunded equity raise for my company using crypto tokens?](/claims/is-raise-company.md)
 
 #### Solving Public Goods Problems
 
-* [Is crypto a means to fund public goods projects?](../claims/is-public-goods.md)
-* [Is bitcoin mining harmful to the environment?](is-environmental-footprint.md)
-* [Is crypto bringing about the "financialization of everything"?](../claims/is-hyperfinancialization.md)
-* [Is crypto a giant misallocation of resources with an enormous opportunity cost?](../claims/is-opportunity-cost.md)
+* [Is crypto a means to fund public goods projects?](/claims/is-public-goods.md)
+* [Is bitcoin mining harmful to the environment?](/claims/is-environmental-footprint.md)
+* [Is crypto bringing about the "financialization of everything"?](/claims/is-hyperfinancialization.md)
+* [Is crypto a giant misallocation of resources with an enormous opportunity cost?](/claims/is-opportunity-cost.md)
 
 #### Financial Innovation
 
-* [Is the underlying technology of "blockchain" useful for non-monetary purposes?](is-blockchain-tech.md)
-* [Is web3 even a well-defined term?](is-well-defined.md)
-* [Is web3 green?](is-web3-green.md)
-* [Is web3 decentralized?](is-web3-decentralized.md)
-* [Is web3 the next generation of the internet?](is-new-internet.md)
+* [Is the underlying technology of "blockchain" useful for non-monetary purposes?](/claims/is-blockchain-tech.md)
+* [Is web3 even a well-defined term?](/claims/is-well-defined.md)
+* [Is web3 green?](/claims/is-web3-green.md)
+* [Is web3 decentralized?](/claims/is-web3-decentralized.md)
+* [Is web3 the next generation of the internet?](/claims/is-new-internet.md)
 
 #### Creative Destruction
 
-* [Is web3 a means to dismantle the American tech hegemony?](../claims/is-disrupt-hegemony.md)
-* [Is web3 a means to rebuild the global financial system?](../claims/is-new-financial-system.md)
-* [Are crypto tokens a means to accelerate the collapse of capitalism?](../claims/is-collapse.md)
+* [Is web3 a means to dismantle the American tech hegemony?](/claims/is-disrupt-hegemony.md)
+* [Is web3 a means to rebuild the global financial system?](/claims/is-new-financial-system.md)
+* [Are crypto tokens a means to accelerate the collapse of capitalism?](/claims/is-collapse.md)
 
 ## Taxonomy of Aspirations and Claims
 

concepts/stablecoin.md

@@ -4,6 +4,8 @@ A crypto asset that is pegged (see [currLency peg](currLency-peg.md)) to a real
 
 Stablecoins may be [leverage](leverage.md) against their deposits where the total value in circulation does not equal the assets held on behalf of customers. Such stablecoins are known as *unbacked stablecoins*.
 
+Since stablecoins are outside the regulatory perimeter, these assets are often used as a place to park winnings from crypto trading to avoid taxation.
+
 See also [DeFi](defi.md), [staking](staking.md) and [liquidity pool](liquidity-pool.md).
 
 ## References

notes/fintech-incrementalism-and-responsible-innovation.md

@@ -77,6 +77,8 @@ Rufus and Stephen 'steel man' the “fintech incrementalism” position, identif
     * Mortgages are very good financial products that enable vast access to [real estate](../concepts/real-estate.md) markets and for families to prosper. 
     * The volatility of chicken nuggets is solved by creating synthetic futures on corn and soymeal commodities that would hedge the chicken producer’s exposure to underlying price fluctuations.
     * Petrol futures and airlines
+    * There are many types of weird exotic derivative products that have very niche buyers, such as people in the energy production business.
+	    * https://en.wikipedia.org/wiki/Weather_derivative
   * If we can create completely synthetic hedges for a wide range of real-world phenomenal factors then it doesn’t really matter how we do it. 
 * **Claim 6:** There are a few **[asset classes](asset) that are almost exclusively narrative-driven** rather than mathematics or cashflow-driven.
   * “If gold appears to be a hedge for anything, it’s the fear of inflation, or the fear of financial instability as proxied by changes in government deficits.”