DeFi Will Never Be Finance
DeFi advocates claim they're building the future of finance while removing everything that makes finance work: recourse, recovery, accountability, and insurance. Billions lost to hacks prove the point...
Key Knowledge
Crypto Is Bad in All Sorts of Ways
Environmental destruction, greater fool economics, regulatory arbitrage, and ransomware's favorite payment method. The SEC was right all along.
I Evaluated Dozens of Blockchain Startups in 2018
What I learned doing technical due diligence on blockchain startups seeking funding. The technology works - for exactly one use case. Everything else fails the database test....
The NFT Crash Was Predictable
NFTs crashed 95% from their 2021 peak. This was predictable from the start. Artificial scarcity of infinitely reproducible digital files was never going to hold value....
Blockchain: The Solution Looking for a Problem
Blockchain has been 'revolutionary' for 15 years without revolutionizing anything. Every enterprise blockchain quietly becomes a regular database....