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 Uniswap Model and Why AMMs Change Everything
Uniswap's automated market maker has quietly become the most important innovation in DeFi. By replacing order books with liquidity pools and a constant product formula, it created a new paradigm for exchange — one that anyone can participate in.
Compound Launches COMP and DeFi Summer Begins
Compound's distribution of the COMP governance token has ignited a frenzy of yield farming. Billions of dollars are flowing into DeFi protocols chasing token rewards. It is the most significant development in DeFi since MakerDAO — and the most dangerous.
Paul Tudor Jones Buys Bitcoin — Why It Matters
One of the most respected macro investors in the world has allocated to Bitcoin as an inflation hedge. Paul Tudor Jones's endorsement is not just capital — it is permission for every other institutional allocator to take Bitcoin seriously.
The Third Halving Arrives Quietly
Bitcoin's third halving happened today. The block reward dropped from 12.5 to 6.25 BTC. No fireworks. No immediate price surge. Just a protocol executing its code exactly as designed — which is, in itself, remarkable.
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.