MEMO W18 MAY 2025
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
MEMO W18 MAY 2025
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
MEMO W17 APR 2025
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
MEMO W17 APR 2025
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
MEMO W16 APR 2025
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
MEMO W16 APR 2025
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
MEMO W15 APR 2025
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?
MEMO W15 APR 2025
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?
MEMO W14 APR 2025
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
MEMO W14 APR 2025
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
