I should have signed up for Matt Levine's newsletter ages ago; finally did so.
His bit on the Spotify arbitrage play was magnificent.
I don’t know, man. We have talked a few times about Avi Eisenberg, the Mango Markets guy, who found a manipulatable cryptocurrency market, manipulated the heck out of it, made tens of millions of dollars, was arrested, defended himself by saying he was an “applied game theorist” who spotted a good trade that was allowed by the market, and got convicted because nobody ever wants to hear a defense like that.6
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