In this issue:

• Beyond GAAP, Or Not

• Institutional Bitcoin

• Credit, Trust, and Card-Counting

• What Democracy Looks Like

• Valuable Discoveries

• Shopify and Management by Metaphor

• From Full-Stack to Software

Programming note: The Diff will be taking a holiday starting 12/24 and extending through the end of the next week. Back on Monday, January 4th.

Beyond GAAP, Or Not

I…