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There is some sleight of hand here; that transformation is magical. Some of it is accomplished by diversification and prudent lending and regulation and ample bank capital; some of it is accomplished by deposit insurance and lender-of-last-resort support for banks; some of it is just, like, residual magic. Some of it is just belief; the banking system works because people believe that their deposits are safe.
Silicon Valley Is On Drugs - Bloomberg
Matt Levine
Intelligent writers can produce intelligent prose using almost any instrument, but the medium in which they write will always have some more or less subtle effect on their prose.
Escape From Microsoft Word | by Edward Mendelson | the New York Review of Books
Edward Mendelson
To the extent an NFT purchaser has any rights to the image associated with his or her NFT at all, those rights flow not from his or her ownership of the token, but from the terms and conditions contained in the license issued by the NFT project governing the NFT holder’s purchase and use of the image.
A Survey of NFT Licenses: Facts & Fictions
galaxy.com
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