This newsletter's mess is entirely of my own making. https://t.co/K3aODsdKnp

@spreekaway @SMTuffy (i mean my guess is that the answer to your question is that the *exchange* would have worked fine without any crime, but *alameda* might have been fatally compromised from early on. but there are counterarguments about e.g. the importance of alameda as a liquidation backstop.)

This tweet is a massive affirmation of the quality of the newsletter we have constructed. https://t.co/Td2850stMx

This newsletter, both as written and as implemented, was immature and inadequate. https://t.co/SdzjF9PTKU

@ColinGeorgeBBC hmm it worked for me but when i write about egregious scams sometimes some email providers think i am *doing* a scam and it gets blocked

🔁 RT @matt_levine: This newsletter, both as written and as implemented, was immature and inadequate. https://t.co/SdzjF9PTKU

@ben11kehoe ahahaha i missed this, great point

@ericladler ugh thanks fixing

honestly my proudest achievement as a journalist, breaking a bank's machine-learning algorithm for summarizing the news https://t.co/aRhMXbpshp

my writing is unsummarizable, according to science

The problem is exacerbated if I publish this entire newsletter on just one theme at great volume. https://t.co/9n12KvvQjA

This newsletter was technically incredibly strong, but it knew nothing about marketing and its financial model was ridiculous. https://t.co/6kQC3wxgnN

@mattyglesias your bond math here is not so hot. for one thing, a basis point is 1/100th of a percentage point.

@mattyglesias more substantively, your formula for yield and price is for a perpetuity. treasuries are not perpetuities. a 30y treasury almost is. but you can't issue a $100 1-month T-bill with a 27% yield and get $712 for it. you'd get, you know, $102 for it.

@mattyglesias i like the premium bonds and argued for them once but they are less *clean* than this makes it sound, it is hard to jack up principal that much.

@mattyglesias actually technically bills don’t pay coupons so it’s tough to do this in bills at all

@mattyglesias i think the right form of this is “1y note, $100 par, 105% interest sold at $200.” which works fine i guess but seems very gimmicky.

@aaronstrauss @mattyglesias actually the premium bonds! it’s gimmicky but so what.

@liamlabarge @mattyglesias i mean if you pay $0.01 for a $100 1-month note that has a yield way above 100%?

@SandrewFinance @mattyglesias yes sorry right