Special thanks to Diego for reading over an early version of this post

One of the crypto’s most powerful attributes is what I call ‘velocity’ – a metric for both a system’s turnover and it’s ability to retain this value.

This is a my second dispatch from China, writing this from a cafe in Taiwan. If you hadn’t read my first piece on a Foreigner’s guide to China, you should read that as well.

I just wrapped up a visit to China. Overall, it was really great to see extended family after all this time, and also to see a radically different society than what I’d been previously acquainted to – likely worth writing about some other time.

The past week, I worked on a project built on MUD with a few others called “Trade Wars,” an open world trading game placed on the high seas, for the ETHGlobal Autonomous Worlds Hackathon. It was a really interesting experience building with MUD and I’ve gathered some thoughts.

Contract Secured Revenue (CSR) is when a portion of the transaction fees for interacting with a contract are sent to the contract’s owner. It’s a neat mechanism for implicit monetization of contracts/public goods that takes advantage of the fact that users are relatively price insensitive of gas.

While it’s easy to say with recent events that DeFi is the antidote – the question remains: what’s stopping these markets from fully being brought over to DeFi?

I used to think that VCs funding things like wallets/analytics didn’t make any sense.