Essay
The market for lemons comes for peptides
Akerlof's 1970 model of asymmetric information predicted what is now happening to the peptide market. The fix it allows is third-party attestation, and only one shape of it survives.
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Essay
Akerlof's 1970 model of asymmetric information predicted what is now happening to the peptide market. The fix it allows is third-party attestation, and only one shape of it survives.
Essay
Exit scams are not behavioral failures. They are arithmetic. The numbers a vendor watches before walking away are public, and they show up in customer-service latency weeks before the website goes dark.
Essay
Goodhart's Law says a metric stops being a good metric the moment it becomes a target. The certificate of analysis crossed that threshold somewhere in 2024. The fix is not a better certificate.