Bitcoin Extreme Returns: Power-Law Tails and Finite Variance
Explore how extreme Bitcoin returns exhibit power-law tails with exponents between 2 and 2.5, implying a finite second moment.
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Research review notes
Reviews of the credibility, utility, and implications of research papers. Each current (2026) AI-assisted review uses a two-stage prompt. First, an editorial sweep examines what the paper actually says and extracts core claims. Second, a research review pass creates the raw material for each note. Besides the claims, I also include a bit about how this paper fits into the broader literature, remaining information gaps, and the paper's broader implications.
Bitcoin portfolio carbon intensity accounting
Explore how market-value carbon intensity and mean-variance optimization shape conditional Bitcoin portfolio allocations and attributed footprints.
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Formal security of Bitcoin covenant tokens
Explore how neighbourhood covenants and parent-derived identifiers secure fungible Bitcoin tokens against cross-mint joins.
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Bitcoin mining as an operational hedge for wind farms
Explore how Bitcoin mining acts as an operational hedge for early-build wind farms, increasing modeled project value and reducing downside risk.
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Secondary liability for crypto-asset wallets
Explore how copyright secondary-liability doctrines offer a flexible framework to regulate non-custodial crypto wallets without mass surveillance.
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Bitcoin's power law: weak structure, strong forecasts
Explore how Bitcoin's power law fits history poorly but forecasts better than complex wave models at long horizons.
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Moral dimensions of cryptocurrency monetary design
Explore how privacy, payment permission, and consensus design shape the moral case for and against cryptocurrency as money.
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Canadian Bitcoin Ownership and Investment Motives
Explore how Canadian Bitcoin ownership surged in 2021, driven by recent adopters viewing it as an investment rather than a payment tool.
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Beliefs and Bitcoin market entry and exit in Canada
Explore how survival beliefs correlate with Bitcoin ownership status and disadoption in Canadian survey data.
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In-Sample Bitcoin Portfolio Optimization and Tail Risk
Explore how adding Bitcoin to constrained portfolios raises Sharpe ratios but increases tail-risk exposure in this in-sample study.
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Over- and underreaction: a two-stage belief model
Explore how attention and processing limits interact to flip belief updating from underreaction to overreaction in complex settings.
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When robots enter sacred institutions
Explore how Buddhist institutions delegate ritual work to robots while retaining human authority over high-risk religious functions.
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