Earlier this year, I wrote Copper and Tin, a reflection of the vibe shift from 2024. The conditions have never been better for bleeding edge software like the World Computer and AI, but societal conditions continue to fray. In crypto, 2025 has so far been a continuation of infrastructural victories, starting with the Pectra upgrade, including the lifting of sanctions on the Tornado Cash, and extending to the imminent Fusaka upgrade. There was also a global realization of a common bottleneck t...
