Sharing information is hard for humans, because I don't know what is happening inside of your brain, and vice versa. Now, I am certainly glad that my thoughts are my own. Nobody should ever know about all the insane brain waves I am getting all the time, because chances are, they would lock me up and throw away the keys. Sounds familiar? This aspect of life may simply be attributed to the human condition itself. And so, while it is a good thing that we cannot directly share the internal patterns

Sharing information is hard for humans, because I don't know what is happening inside of your brain, and vice versa. Now, I am certainly glad that my thoughts are my own. Nobody should ever know about all the insane brain waves I am getting all the time, because chances are, they would lock me up and throw away the keys. Sounds familiar? This aspect of life may simply be attributed to the human condition itself. And so, while it is a good thing that we cannot directly share the internal patterns

There is often the argument that ETH is not used for anything meaningful. And I always find it somewhat irritating to hear such statements. First, meaning is subjective. What you and I find meaningful, given our very own world view, may be very different. And second, the statement that ETH isn't used in quite meaningful ways is simply not true. This week we are going to look at all the different ways in which ETH is used across the onchain economy. And doing that, we are going to look at all the

There is often the argument that ETH is not used for anything meaningful. And I always find it somewhat irritating to hear such statements. First, meaning is subjective. What you and I find meaningful, given our very own world view, may be very different. And second, the statement that ETH isn't used in quite meaningful ways is simply not true. This week we are going to look at all the different ways in which ETH is used across the onchain economy. And doing that, we are going to look at all the

DeFi frontends provide access to the onchain economy. They are the Stargate into a new dimension. The entrance to the realm of decentralized finance. But at the end of the day, DeFi frontends are just websites that run on servers. They are inherently centralized and carry substantial trust assumptions with them. For that reason we have to assume that all frontends are compromised. And so all of the involved problem statements are fundamentally about operational security. Because exposing our pri

DeFi frontends provide access to the onchain economy. They are the Stargate into a new dimension. The entrance to the realm of decentralized finance. But at the end of the day, DeFi frontends are just websites that run on servers. They are inherently centralized and carry substantial trust assumptions with them. For that reason we have to assume that all frontends are compromised. And so all of the involved problem statements are fundamentally about operational security. Because exposing our pri

All systems prefer hardness, because hardness allows any system to survive. The lifeblood of any economic system is simply money. And that very money is defined by properties of hardness too. The factors for any money to develop a specific hardness may be internally or externally defined along the dimensions of supply and demand. Who is then to say how much anything should be worth anyway? How hard is the money of networks and nations? And what has the gold standard to do with all of that?

All systems prefer hardness, because hardness allows any system to survive. The lifeblood of any economic system is simply money. And that very money is defined by properties of hardness too. The factors for any money to develop a specific hardness may be internally or externally defined along the dimensions of supply and demand. Who is then to say how much anything should be worth anyway? How hard is the money of networks and nations? And what has the gold standard to do with all of that?

In this Powerlaw Memo we are going to take a look at utility functions and pricing models with respect to Ethereum's scaling roadmap. And this time we are going to frame our problem statements through the lens of Gravitropic Topologies. People are still losing their minds about ETH's value accrual, and as long as this is the case, we are going to cover the topic like a ballerina in the wind. Just with our mechanism designer glasses on, of course. Let us rehash some basics first. Ethereum's scali

In this Powerlaw Memo we are going to take a look at utility functions and pricing models with respect to Ethereum's scaling roadmap. And this time we are going to frame our problem statements through the lens of Gravitropic Topologies. People are still losing their minds about ETH's value accrual, and as long as this is the case, we are going to cover the topic like a ballerina in the wind. Just with our mechanism designer glasses on, of course. Let us rehash some basics first. Ethereum's scali

Ethereum is the world computer, providing anyone with very compelling properties of hardness. For that reason, Ethereum is home to most stablecoins, which are just one form of tokenized assets, or RWAs, if we would call it real world assets. Everyone is now excited about RWAs, because the institutions are finally coming. Ever since Donald Trump's election last November, the regulatory shift favouring innovation opened the door for crypto as an industry. We are open for business. With everyone...

Ethereum is the world computer, providing anyone with very compelling properties of hardness. For that reason, Ethereum is home to most stablecoins, which are just one form of tokenized assets, or RWAs, if we would call it real world assets. Everyone is now excited about RWAs, because the institutions are finally coming. Ever since Donald Trump's election last November, the regulatory shift favouring innovation opened the door for crypto as an industry. We are open for business. With everyone...

Energy has driven civilization ever since like no other force. The degree to which humans can produce and harness energy has created global superpowers like never seen before. The ability to make any process more energy efficient is the driving factor behind our technological progress as a species. The Kardashev scale classifies civilizations based on their ability to utilize the energy within their surrounding environments. Type one civilizations can utilize all available energy of their own pl

Energy has driven civilization ever since like no other force. The degree to which humans can produce and harness energy has created global superpowers like never seen before. The ability to make any process more energy efficient is the driving factor behind our technological progress as a species. The Kardashev scale classifies civilizations based on their ability to utilize the energy within their surrounding environments. Type one civilizations can utilize all available energy of their own pl

Information as a concept is one fundamental part of our universe. It describes how some thing is configured or looks like. The way you appear in the mirror is described by the information content of your DNA and its subsequent biological expressions. The way you look is defined by information, encoded by many biological functions. The way we speak as humans is described by information too. The shape of the sounds and words and sentences that we produce are all configurations, specified by the in

Information as a concept is one fundamental part of our universe. It describes how some thing is configured or looks like. The way you appear in the mirror is described by the information content of your DNA and its subsequent biological expressions. The way you look is defined by information, encoded by many biological functions. The way we speak as humans is described by information too. The shape of the sounds and words and sentences that we produce are all configurations, specified by the in

I was today's years old when I understood the ETH value accrual thesis that the Ethereum researchers are pursuing using blob space. And the way to explain it is to understand a statistical principle called the Law Of Large Numbers. A better way to put it would be "the law of many samples", because what the Law Of Large Numbers tells us something like the following. The average of ever more observations will reflect the true value of a system ever more precisely. Here is a classic example for ...

I was today's years old when I understood the ETH value accrual thesis that the Ethereum researchers are pursuing using blob space. And the way to explain it is to understand a statistical principle called the Law Of Large Numbers. A better way to put it would be "the law of many samples", because what the Law Of Large Numbers tells us something like the following. The average of ever more observations will reflect the true value of a system ever more precisely. Here is a classic example for ...

Distributions show us that the world is not just black and white. Many people live in a world in which the glass is either half full or half empty. But that line of thinking is far too simplistic for a life worth living in a complex world. To clarify, we are not talking about the act of distributing physical goods here. When we talk about distributions as a concept, then we talk about the realm of statistics. Distributions describe for instance how often different things happen relative to on...

Distributions show us that the world is not just black and white. Many people live in a world in which the glass is either half full or half empty. But that line of thinking is far too simplistic for a life worth living in a complex world. To clarify, we are not talking about the act of distributing physical goods here. When we talk about distributions as a concept, then we talk about the realm of statistics. Distributions describe for instance how often different things happen relative to on...