Privacy Policy

Last updated: 5 October 2026.

What we collect

We collect the minimum needed to run this site: which pages are read, in aggregate, and — if you subscribe to the research note — your email address so we can send it. We do not sell personal data.

Analytics

Traffic is measured in aggregate so we can tell which pages are actually useful. Analytics is used to count page reads, not to build a profile of you.

Advertising and cookies

This site does not currently run third-party advertising. If that changes, this section will name every provider that places cookies here before it happens, and you will be able to opt out of personalised advertising through Google Ads Settings or Your Online Choices.

Some affiliate links are tracked so a commission can be attributed if you buy through them. This is a referral identifier in the URL, it does not expose your identity to us, and it does not follow you to the merchant's site.

Forms

Contact and subscription forms are delivered by an external form provider, which processes what you type only in order to pass your message or your signup to us.

Wallets and keys

We never ask for a wallet address, a seed phrase or a private key, and we have no way to recover any of them for you. Do not send them to us, and do not use any online generator that claims to hold funds for you.

Your rights

You can ask for access to, correction of, or deletion of your data by writing from Contact. Editorial corrections are requested the same way.

What we never do

We verify events from public sources; we do not run automated trading, we do not custody funds, and nothing here is investment advice. Read Risk Disclaimer and Affiliate Disclosure.