The ecosystem currently faces a critical challenge: the proliferation of tokens, often praised as democratizing finance, actually leads to value dilution and market fragmentation that ultimately harms users. This essay examines how traditional zero-sum token markets can be transformed into positive-sum systems through careful attention to network economics, anti-fragile design principles, and sustainable value creation mechanisms.

It appears we've come full circle. So to what extent this truly represents a new paradigm, I cannot say. What I do know is the market is exhausted. The trenches have logged off. What happens next is a matter of poetic justice: a return to value, a return to the disillusionment of so-called token utility—at least so they say.

Where does Farcaster go from here?

Welcome back to The Garden, my friends. It's been some time. Today, I bring you something new—an updated thesis on Base, Farcaster, AI and the Memecoin Mania.

What is Alfafrens? How does it work, and how do I play it? Let's discuss.

A madman's rambling on DEGEN and Degenchain, Farcaster, Base, Coinbase, blockchains, ETFs, the Halving, and some other things.

In this paper, we discuss DEGEN's price action and tell the story of DEGEN (so far) and where it goes from here.

This post teaches you everything you need to know about getting started with Paragraph.