I’ll begin by saying - obviously, there’s good in crypto. Indeed, I have written over 150 blog posts over the last 3 years about them (and plenty more...

Yes, yes, you have heard me rant and rave about strict global consensus and how it’s the only unique property of blockchains. But I have not talked mu...

Farcaster user @berghans asks, “I was wondering if you have any articles which go a bit more in depth into your usage of the terms subjectivity/object...

I put “decentralized stack” in quotes because many of Vitalik’s suggestions are in reality significantly more centralized than the “Traditional stack”...

In October 2021, I wrote a speculative post about the “transaction quality trilemma”. Since then, pretty much all chains have implemented a minimum fe...

Strict global consensus is the only unique property enabled by public blockchains, but it has several drawbacks, so you should only leverage it if it’...

Let’s start with a simple database on your PC - only you can edit it. You want everyone to participate it instead, so you make it peer-to-peer. Of cou...

I came across a tweet by Hayden Adams. I was going to say, chains are servers with just one superpower - strict global consensus, but hey, I’ve alread...

It’s actually simple and obvious, but I’ll spell it out - Crypto has found a vast majority of its product-market fit by $ value from being alternative...

In a previous post about how tokenholder DAOs can move beyond plutocracy, I noted how something like OP Collective’s Citizen House has potential. Howe...

Self-custody is understandably a big focus for crypto. While self-custody of assets has existed for millennia, public blockchains enable a digital for...

Over the last year and a bit, I have written extensively about blockchain applications in general, and strict global consensus in particular. While th...

It pains me to write a post about infra at a time when a complete and utter obsession around infra and degeneracy is crippling the blockchain industry...

Almost all DAOs that exist today operate like public companies: there’s a token, ownership and decision-making is derived by tokenholdings. Now, if th...

There’s nothing new here. I’ve been talking about applications for the last couple of years, but very few care - the industry is still mostly obsessed...

Before we begin, a bit of a rant, feel free to skip. For most of this year, I have focused on diving deep into the unique properties of public blockch...

Crypto has been around for 15 years now - an absolute eon in the digital age. It’s now a valuable, maturing space, even if the loudest narratives are ...

In my previous post examining crypto’s PMFs and their durability, for editorial reasons I kept the stablecoins section simple. However, there’s a lot ...

In this post, we shall examine crypto's product-market fit, established over the last 15 years. Why they have met demand, how durable said demand is, ...

The purpose of this post is not to enrage you or be negative or “bearish”; rather part of an ongoing attempt to discover the fundamental properties of...