Writing about the future of the internet, money and human coordination. All things governance @ a16z crypto
Solana: Positioned to Outperform
This article was originally published on April 22nd, 2022. It was republished here without modification after the wallet address for shuel.eth was changed.“The Web as I envisaged it, we have not seen it yet. The future is still so much bigger than the past.” -Tim Berners-LeeThe market is staggeringly saturated with smart contract platforms attempting to address the blockchain trilemma. 29 smart contract platforms currently command a market capitalization greater than $1,000,000,000. Dozens up...
Solana: Positioned to Outperform
This article was originally published on April 22nd, 2022. It was republished here without modification after the wallet address for shuel.eth was changed.“The Web as I envisaged it, we have not seen it yet. The future is still so much bigger than the past.” -Tim Berners-LeeThe market is staggeringly saturated with smart contract platforms attempting to address the blockchain trilemma. 29 smart contract platforms currently command a market capitalization greater than $1,000,000,000. Dozens up...
![Cover image for Pursuing Terra Resilience Through Interdependence and Diversified Reserves [Terra Part 2]](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/661d3ceba6c2873a1c5c8770bfed30fee49e866d50d1db91ef5a0524549a97fd.jpg)
Pursuing Terra Resilience Through Interdependence and Diversified Reserves [Terra Part 2]
This article was originally published on April 20th, 2022. It was republished here after the wallet address for shuel.eth changed.Terra, relentlessly guided forward by founder Do Kwon, signaled a significant adjustment of its strategic focus beginning in late March 2022. In my previous Terra analysis, I was skeptical of Terra’s long-term viability. With 74% of the total UST supply deposited in Anchor protocol, the majority of UST demand is currently recursive and unsustainable. The Chai payme...
Pursuing Terra Resilience Through Interdependence and Diversified Reserves [Terra Part 2]
This article was originally published on April 20th, 2022. It was republished here after the wallet address for shuel.eth changed.Terra, relentlessly guided forward by founder Do Kwon, signaled a significant adjustment of its strategic focus beginning in late March 2022. In my previous Terra analysis, I was skeptical of Terra’s long-term viability. With 74% of the total UST supply deposited in Anchor protocol, the majority of UST demand is currently recursive and unsustainable. The Chai payme...
![Cover image for The Great [stablecoin] Filter — Is Terra Almost Past It?](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/8e1a10faa4909edce0d702d51d3d540941524df7455adbeab16e09b8ee808963.jpg)
The Great [stablecoin] Filter — Is Terra Almost Past It?
“If such advanced life had substantially colonized our planet, we would know it by now.” -Robin HansonThis article was originally published on Medium on March 24th, 2022.Like blockchain protocols, stablecoins face their own trilemma, commonly defined as a constraint to a maximum of two of the following three: decentralization, stability, and capital efficiency. Custodial stablecoins such as USDC, USDT, and Paxos are highly stable and capital efficient with a 1:1 collateral ratio, but achieve ...
The Great [stablecoin] Filter — Is Terra Almost Past It?
“If such advanced life had substantially colonized our planet, we would know it by now.” -Robin HansonThis article was originally published on Medium on March 24th, 2022.Like blockchain protocols, stablecoins face their own trilemma, commonly defined as a constraint to a maximum of two of the following three: decentralization, stability, and capital efficiency. Custodial stablecoins such as USDC, USDT, and Paxos are highly stable and capital efficient with a 1:1 collateral ratio, but achieve ...
