Modafinil Is Wall Street’s New Drug of Choice — New York Magazine

Modafinil, which is marketed as Provigil in the United States, was first approved by the FDA in 1998 for the treatment of narcolepsy, but since then it’s become better known as a nootropic, a “smart drug,” especially among entrepreneurs. More recently, it has attracted traders like Borden who don’t just need a pick-me-up to get through a deadline; they need to be on, without a break, for months, even years at a time.

via Modafinil Is Wall Street’s New Drug of Choice — New York Magazine.

It reminds me a lot of A Deepness in the Sky, minus the giant spider aliens.

Bitcoin might not be a currency

There are a couple of reasons why the bubble is sure to burst. The first is just that it’s a bubble, and any chart which looks like the one at the top of this post is bound to end in tears at some point. But there’s a deeper reason, too — which is that bitcoins are an uncomfortable combination of commodity and currency. The commodity value of bitcoins is rooted in their currency value, but the more of a commodity they become, the less useful they are as a currency.

via The Bitcoin Bubble and the Future of Currency — Money & Banking — Medium.

Definitely one of the best articles I’ve read on Bitcoin. I think the idea of bitcoin as commodity actually makes a lot more sense, given that it’s an artificially constrained resource that’s “mined”.