Imagine two lines on a chart expanding over decades. The lower line increases by 5% per year. The upper line increases by 30% per year. Both lines increase, but there is a catch. What is increasing on those two lines has two different implications. The lower line represents currency debasement an...

Imagine two lines on a chart expanding over decades. The lower line increases by 5% per year. The upper line increases by 30% per year. Both lines increase, but there is a catch. What is increasing on those two lines has two different implications. The lower line represents currency debasement an...

Anecdotally, this week I heard something along the lines of "this crypto bull market is only four months old". The point of the Powerlaw blog is to come up with practical theories about the world we live in. This world is subject to constant change. We have to define a hypothesis, time and time a...

Anecdotally, this week I heard something along the lines of "this crypto bull market is only four months old". The point of the Powerlaw blog is to come up with practical theories about the world we live in. This world is subject to constant change. We have to define a hypothesis, time and time a...

Crypto legislation attempts continue in the United States. It does somehow not make too much sense for the Democrats to be opposed to this industry and its technology. I am trying to come up with a compelling theory that steelmans this seemingly backwards positioning in an election year. In my mi...

Crypto legislation attempts continue in the United States. It does somehow not make too much sense for the Democrats to be opposed to this industry and its technology. I am trying to come up with a compelling theory that steelmans this seemingly backwards positioning in an election year. In my mi...

Over the past couple of weeks some debates have started around the amount of ETH issuance that Ethereum uses to secure the network. Some researchers think that Ethereum is paying more than it should for securing the network. The argument here is related to the idea of a balanced household budget,...

Over the past couple of weeks some debates have started around the amount of ETH issuance that Ethereum uses to secure the network. Some researchers think that Ethereum is paying more than it should for securing the network. The argument here is related to the idea of a balanced household budget,...

We have heard quite a bit of chatter about crypto's adoption and how not every baker and plumber is using it yet. While the latter is true, I think it somehow misses the point. Crypto does not have to be used directly by everyone in order to be successful. It might be like that, but I think crypt...

We have heard quite a bit of chatter about crypto's adoption and how not every baker and plumber is using it yet. While the latter is true, I think it somehow misses the point. Crypto does not have to be used directly by everyone in order to be successful. It might be like that, but I think crypt...

This past week ADA got finally pushed out of the top 10 crypto assets by market cap. The new entrant taking ADA's place is TON. Recollecting some background information here. ADA is the native asset on Cardano. TON is the native asset on The Open Network. Both are L1 blockchain networks. Cardano ...

This past week ADA got finally pushed out of the top 10 crypto assets by market cap. The new entrant taking ADA's place is TON. Recollecting some background information here. ADA is the native asset on Cardano. TON is the native asset on The Open Network. Both are L1 blockchain networks. Cardano ...

We have recently come across conversations about how to value blockchain networks. Those conversations have been sparked by Tokenterminal's financial statements, which are generated for any notable L1 blockchain and DeFi application. Those financial statements calculate profitability metrics that we

We have recently come across conversations about how to value blockchain networks. Those conversations have been sparked by Tokenterminal's financial statements, which are generated for any notable L1 blockchain and DeFi application. Those financial statements calculate profitability metrics that we

In crypto twitter there has been this idea of financial nihilism because so many people gamble on meme coins now. The argument is that those gambling people refuse the rules of the old system, because there is no hope for them to ever "make it". The charitable interpretation of the meme coin mani...

In crypto twitter there has been this idea of financial nihilism because so many people gamble on meme coins now. The argument is that those gambling people refuse the rules of the old system, because there is no hope for them to ever "make it". The charitable interpretation of the meme coin mani...

The ETH / BTC ratio has fallen sustainably below 0.05 for the first time in a long time. Unironically the death of Ethereum has been announced again by the loudest and blindest on social media alike. It is fair to say that the people are still voting in the market, while I remain resolute in my t...

The ETH / BTC ratio has fallen sustainably below 0.05 for the first time in a long time. Unironically the death of Ethereum has been announced again by the loudest and blindest on social media alike. It is fair to say that the people are still voting in the market, while I remain resolute in my t...

The Worldcoin Foundation announced to launch its own Ethereum L2 rollup. Before we dive into more details on the news, here are some background information about the Worldcoin ecosystem. Sam Altman is the co-founder and chairman of the Worldcoin Foundation. Sam Altman is the same guy who co-found...

The Worldcoin Foundation announced to launch its own Ethereum L2 rollup. Before we dive into more details on the news, here are some background information about the Worldcoin ecosystem. Sam Altman is the co-founder and chairman of the Worldcoin Foundation. Sam Altman is the same guy who co-found...