Musings on Technology
A personal collection of notes, reflections, and essays on technology, finance, and building — written over the years as I made sense of the ideas shaping our industry.
The Digital Dollar Debate Heats Up
COVID stimulus exposed the cracks in America's payment infrastructure. Millions waited weeks for paper checks. The case for a digital dollar — once academic — is now urgent. Congress is listening.
The Fed Prints and Bitcoin Watches
The Federal Reserve has unleashed unlimited quantitative easing in response to COVID. Trillions of dollars created from nothing. For Bitcoin — designed as a response to exactly this kind of monetary intervention — the narrative has never been stronger.
DeFi After Black Thursday: What Broke and What Held
The March crash was DeFi's first real stress test. MakerDAO's liquidation engine failed. Gas prices made the network unusable. But the core protocols survived — and the lessons learned will make the system stronger.
COVID Crashes Everything — Including Crypto
The coronavirus pandemic has triggered a global market selloff. Bitcoin dropped 50% in two days. The 'uncorrelated asset' thesis failed its first real stress test. What this means for the digital gold narrative — and what it does not.
The Halving Is Priced In — Or Is It?
Bitcoin's third halving is four months away. The efficient market hypothesis says it should be priced in. History says otherwise. The truth is that halvings are not just supply events — they are narrative events, and narratives do not get priced in efficiently.
The Decade Ahead: What Crypto Must Become
A new decade begins with crypto at an inflection point. The technology works. The infrastructure exists. But for crypto to fulfil its potential, it must solve the problems that the first decade exposed — usability, regulation, and real-world utility beyond speculation.
What I Learned in 2019 — And Where I Was Wrong
A year-end review of my 2019 predictions. DeFi exceeded expectations. Institutional adoption was slower than hoped. Libra changed the conversation more than the technology. And the halving narrative proved more powerful than fundamentals — again.
Ethereum 2.0: The Beacon Chain and the Long Road Ahead
Ethereum 2.0's Beacon Chain is approaching launch — the first phase of a multi-year transition to Proof of Stake. The technical ambition is extraordinary. So is the execution risk. What the Beacon Chain means for Ethereum, DeFi, and the broader ecosystem.
Libra Loses Its Coalition — And That's the Real Story
Visa, Mastercard, PayPal, and others have withdrawn from the Libra Association. The departures reveal something important: the regulatory and political resistance to private digital currencies is far stronger than Facebook anticipated.
China's Blockchain Pivot: What Xi Jinping's Endorsement Means
Xi Jinping declared blockchain a core technology for China's future. Bitcoin surged 40% in a day. But China's blockchain vision is not crypto's blockchain vision — it is state-controlled infrastructure for surveillance, efficiency, and geopolitical competition.