Writing
Long-form analysis on DePIN, blockchain governance, cloud infrastructure, and building startups at the edge.
- Why DePIN Revenue Matters More Than Node Count
Node count is a vanity metric. Revenue per node tells you everything about whether a DePIN network actually works.
- Governance is Political Philosophy, Not a Tech Feature
Most blockchain governance debates pretend they're about mechanism design. They're actually about Proudhon, Kropotkin, and two centuries of arguments we've already had.
- What Filecoin's Utilization Jump Actually Proves
Filecoin storage utilization went from 3-4% to 36%. That's not a protocol story. It's an integration layer story, and it maps onto every DePIN network you're watching now.
- Square Peg, Round Hole -- Why Legalizing Crypto Isn't the Same as Understanding It
Legalizing crypto is a step forward. Forcing it into traditional financial regulation is like fitting a square peg into a round hole. Here's what regulators keep missing.