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fil

Learning, and sharing my learnings, about all things blockchain.
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Valuation for Ethereum Optimistic Rollups

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April 11
As Arbitrum just marked the first anniversary since the launch of its nativer token ARB on March 23rd, 2023, a striking discrepancy emerges in the market dynamics between Optimism and Arbitrum. Despite Arbitrum boasting superior metrics, ARB's price consistently hovers at approximately half that of Optimism. Is the market overvaluing Optimism? A closer examination reveals that the OP token price may reflect not just Optimism itself but also the performance of the broader OP Stack. When factoring in the substantial contribution of Base, the revenue multiple (Price-to-Sales ratio) leans lower than Arbitrum, suggesting that OP is potentially less overvalued.
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Social Media Inflation

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March 22
In social media platforms and their economies, content and engagement serve as 'currency’. Akin to some traditional currencies, they are experiencing inflation.
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Ethnographic Insights on Point Systems

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March 14
Points serve as engagement units that organizations leverage to reward users for completing specific tasks. Their application extends far beyond crypto, encompassing airline miles, hotel booking levels, loyalty programs like Starbucks’, and more. An intriguing, albeit lesser-known, application of similar incentive structures is observed in certain ethnic minority villages in China.
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Cost Efficiency in Ethereum Optimistic Rollups

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March 05
The article examines economies of scale in Ethereum rollups, highlighting Optimism's decreasing costs per transaction and Mb of data with higher volumes, suggesting efficiency gains. In contrast, Arbitrum shows increasing costs per transaction and Mb with higher volumes, indicating potential inefficiencies. Further research is needed for a more nuanced and comprehensive understanding.
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To Scale or Not To Scale

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February 18
Farcaster nailed PMF for a core community of passionate crypto users. Should it attempt to scale to a broader audience or continue focusing on its niche? Lens Protocol, emphasizing creators monetization, might be better suited for broader outreach.

Data Trusts, But Trustless

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February 02
The transformative landscape of AI, set to contribute $15 trillion to the global GDP by 2030, presents a complex web of interconnected issues like data access, compensation, and evolving work dynamics. As we disentangle it and analyze each component, a logical progression unfolds that ultimately underscores blockchain potential in addressing data utility, individual economic value, and ownership.
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The Commoditization of Blockspace

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December 30
This article explores the concept of blockspace as a commodity, drawing parallels with traditional commodities and discussing its implications. An alternative framework to the existing ‘cryptocurrency as a security’ and ‘cryptocurrency as a commodity’, this piece proposes ‘blockspace as a commodity, cryptocurrencies as a derivative’ framework. More broadly, this piece questions whether we should update our definition of commodity to include digital resources.

A Game Theory Perspective on The Crypto Regulatory Dilemma

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October 26
In a previous article, I discussed the relationship between the crypto industry and modern state institutions, exploring the possibility of preserving crypto's core values without threatening established states’ prerogatives like the monopoly over the monetary system and the military. A narrow yet viable route to reconcile these conflicting requirements is conceivable, and it may be facilitated by certain crucial infrastructure components, with zero-knowledge proofs standing out as a primary candidate.

Crypto Products Respond to Profit, Major Experiments Confirm.

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October 11
Antimatter is one of the most fascinating and mysterious phenomena in nature. It consists of particles with the same mass but opposite charge and spin as their normal counterparts. When matter and antimatter meet, they annihilate each other in a burst of energy. For a long time, physicists wondered whether antimatter followed the same fundamental forces and laws of physics that rule our world. For example, would antimatter react to gravity and fall downwards like normal matter, or would it defy gravity and rise upwards?