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.
DeFi Protocols Are Becoming Real Businesses
Aave, MakerDAO, Uniswap, and Lido are generating hundreds of millions in annual revenue. Fee switches are being activated. Buyback programmes are being implemented. DeFi is transitioning from speculative infrastructure to revenue-generating businesses — and the market is beginning to value them accordingly.
The Strategic Bitcoin Reserve Becomes Real
The US government has formally established a Strategic Bitcoin Reserve — seeded with Bitcoin seized from criminal proceedings. The reserve is modest in size but enormous in significance: the world's largest economy now holds Bitcoin as a sovereign asset.
Claude 3.7 Sonnet and the Rise of Computer-Use Agents
Anthropic's Claude 3.7 Sonnet introduces extended thinking and computer-use capabilities — AI that can operate a computer like a human, clicking, typing, and navigating applications. The agentic AI future is no longer theoretical. It is shipping in production models.
RWA Tokenisation Crosses $10 Billion — The Institutional Wave
Tokenised real-world assets on public blockchains have crossed $10 billion — a 5x increase in twelve months. BlackRock, Franklin Templeton, and a growing list of institutional issuers are tokenising Treasuries, money market funds, and private credit. The tokenisation thesis is no longer early. It is scaling.
The Stablecoin Bill Passes Congress
After years of debate, the US has passed comprehensive stablecoin legislation. The GENIUS Act establishes federal requirements for reserve backing, licensing, and consumer protection. It is the first major crypto legislation in the US — and it sets the template for everything that follows.
DeepSeek R1: Open-Source AI Changes the Game
DeepSeek's R1 model — an open-source reasoning model that rivals OpenAI's o1 — has sent shockwaves through the AI industry. Built at a fraction of the cost, it demonstrates that frontier AI capabilities are no longer the exclusive domain of well-funded US labs. The implications for competition, access, and the AI-crypto intersection are significant.
Trump's Crypto Executive Orders — The New Era Begins
On his first day in office, President Trump signed executive orders establishing a crypto-friendly regulatory framework, creating a digital assets working group, and directing agencies to explore a strategic Bitcoin reserve. The regulatory pivot is real — and it is happening faster than anyone expected.
2024 in Review: The Year Everything Converged
Spot Bitcoin and Ethereum ETFs launched. Bitcoin crossed $100,000. RWA tokenisation crossed $2 billion. AI reasoning models arrived. And a pro-crypto president was elected. 2024 was the year that every thesis I have been developing — institutional adoption, tokenisation, AI convergence — came together.
Bitcoin at $100,000 — The Institutional Era Arrives
Bitcoin crossed $100,000 for the first time — driven by ETF inflows, post-election optimism, and the structural supply-demand dynamics that have been building all year. The milestone is symbolic, but what it represents is real: Bitcoin has become an institutional asset class.
Trump Wins and Crypto Policy Pivots
Donald Trump won the 2024 presidential election on a platform that included explicit support for crypto — promising to fire SEC Chair Gensler, create a strategic Bitcoin reserve, and make the US the 'crypto capital of the world.' The regulatory landscape is about to change dramatically.