Social LibertySocial Liberty

Latest essay

A soap bubble holding the old financial system in sepia (bank, vault, bowler-hatted queue, tally sticks) amid a glowing wild world of DeFi: floating islands, a broken bridge spilling coins, a surfer on a huge wave, token stalls and liquidity pools.

Tallies and Tokens -- Transitioning to DeFi

Social Liberty Foundation ·

England kept cutting wooden tally sticks for a hundred and thirty years after it had paper money, and nobody announced the switch. A move to decentralized finance is happening the same way: one element at a time, in steps too small to make news.

More recent essays

View all →