from Patrick McKenzie | by Patrick McKenzie

*sigh* The danger on writing on developing news from an analysis perspective is that sometimes developments moot the value of your analysis if you don’t publish fast enough.

(Scratch most of one draft re: Silvergate, or at least move it from current events to history mode.)

“I’m confused.” First National Bank of Crypto; as of today, announced it is winding down in orderly fashion to forestall the other kind.

(Pedantically correcting myself: technically a state chartered bank.)