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User Generated Content Data Platforms
April 30th, 2023
To most readers it makes little difference whether data in a figure is sourced from Dune Analytics or Coin Metrics. However, for an analyst the two platforms are nearly incomparable.
Dichotomous Volatility
March 21st, 2023
We’re living in crazy times: the expected volatility of US Treasuries is at its highest value since the launch of Ethereum.
The Economics of a Witness Stuffing Chain Stall Attack
January 29th, 2023
In retrospect I think this is kind of a mid-curve take. I do think the analysis is interesting and that the perverting of miner incentives is a crucial topic to discuss, but it seems unlikely for now that the standard mining rules will be subverted to allow for larger transactions. The only way this makes sense is to bribe miners with out-of-band transactions which would have to pay a premium.
Napkin Math: 0x01 Partial Withdrawals
January 24th, 2023
This writing has been deprecated by full analysis available on my Substack.
The Diffusion of Bitcoin
December 16th, 2022
Analysis of Bitcoin's evolving adoption profile.
Review: Finding Signal in a Noisy World
December 14th, 2022
Jeff Booth recently challenge another guest on a podcast to dissect his article Finding Signal in a Noisy World and find flaws.
A wish list for crypto in 2023
December 11th, 2022
I have never seen a community like the crypto community before. There is incredible work being done, but what truly stands out to me is that so many people think they are the smartest person in the room. The reality is that most of us are not as knowledgeable as we believe ourselves to be. Tripoli from a year ago was an idiot, and a year from now I’m sure I will feel similarly about my current self.
Pareto efficient staking yields
December 4th, 2022
In the context of yield chasing, Pareto efficiency refers to the idea of maximizing the yield on a portfolio while balancing the volatility of the underlying assets. This means finding the optimal allocation of resources that will generate the greatest return on the investment, while minimizing the risk of losses due to fluctuations in the value of the assets.
Reflecting on flows models
November 24th, 2022
A year ago, I posted my take on both Bitcoin and Ethereum flows modelling. It would be an understatement to say that I was naïve compared to who I feel I am today. In retrospect, the presentation of the models, as well as the models themselves, were flawed—full of what to me were unknown unknowns.