Literary Agency Structure and Which Books Get Published
The internal hierarchy of a literary agency shapes which manuscripts reach publishers. Talented books often fail for structural, not literary, reasons.
CraftHow Editorial Distance Shapes Foreign Correspondence
The gap between a foreign correspondent and their home desk quietly decides what gets filed, what gets cut, and what never gets written at all.
A homepage is an argument about what matters today. Make the argument out loud.— From the editors
The Halving Is Priced In. The Miners Are Not.
Hash rate hit an all-time high while margins hit a cycle low. Something has to give, and it won't be the difficulty adjustment.
Mining economics is having a moment, and the numbers back it up. Over the past year the conversation has shifted from whether this matters to how fast it is arriving — and what it means for the people building around it.
Hash rate at an all-time high, margins at a cycle low — the squeeze is mechanical. The pattern is familiar to anyone who has watched a niche become a movement: first the hobbyists, then the toolmakers, then the institutions. We are somewhere between the second and third act.