The New Latin Vulgate
What happens when the last copy of a book exists only inside a model behind a paywall
Sultan’s Substack
Focusing on applied Artificial Intelligence, specifically relating to financial services, cybersecurity and pharma/biotech (and probably some Macro monetary & foreign policy stuff too).
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Latest posts
The Fed Just Told You the Price of the Light Touch. Pay It Now.
What Governor Bowman’s FSB remarks mean for your bank, and the six things to do before your next exam cycle
Has the Battle for Quantum Supremacy Already Been Lost? (2026 Update)
My 9 year anniversary update (I can't believe I wrote the first of this series in 2017!) - New thoughts, pulling the window forward and a coda for the GPU Maximalists
The Kill Switch Is the Smoke Alarm, Not the Fire Code
Taking some questions Penny Crosman asked me and turning the smoke alarm comment into actions for bank boards
Money Without a Master Key
This is the last post in the series. The hand-off to the long-form cookbook on sultanismyname.com. The shape of what’s there, the shape of what’s still open, and one number I want you to carry…
The False Binaries
Five tradeoffs the industry treats as inviolable. Plus a sixth — deal with quantum later — that has the same problem the others do.
Privacy and Compliance Aren’t Enemies
The most-private financial instrument in the world is also the most regulated. The framing of these two as adversaries is a category error inherited from a pre-cryptographic era. Anyone telling you ot
Make the Waterfall Immutable Or Don’t Bother
The L1 has a name. Its name is StableZK. This is the post where we get specific about the part of bank resolution that already works and that crypto has refused to import for fifteen years.
Bagehot Was Right
Stability is a commitment, not a circuit breaker — and every stablecoin that died in public died because it had the wrong one.
Inside the Quantum Window
Why the people who could break Bitcoin aren't thinking about Bitcoin — and why that's the bad news.