Archive - Dirt Roads

# 42 | Valkyrie: MakerDAO and Our Side of History

DAOs In 2022: Dystopian Authoritarian Oligarchies

Jun 30, 2022 •

# 61 | EigenLayer: My Value Analysis of Economic Security

Merits, Return Profile, and Blatant Ironies of the Hottest Protocol Out There

Mar 15, 2024 •

# 66 | A Network Model of Money

Thinking Through the Topology of the Ring That Rules Them All

Apr 23 •

# 59 | Death To Stablecoins!

I Have Been Called a Stablecoin Nerd, and I Hate Stablecoins

Dec 15, 2023 •

# 46 | The Great Convergence: $GHO and the Story of the Five Old Kings

Minting Currency Is Great and Everyone Wants a Piece of It

Sep 1, 2022 •

# 43 | First Principles of Crypto Governance

Designing Gonzo-Mathematical Governance Mechanisms for Systems of Irreducible Uncertainty

Jul 14, 2022 •

# 53 | Banking Is Broken, Hallelujah

SVB, Circle, Counterparty Risk, and Monetary Triangles

Mar 15, 2023 •

# 57 | PayPal $PYUSD: Does It Really Matter?

NQA-ness, the Money Printing Machine, and FinTech vs. Crypto

Aug 15, 2023 •

# 52 | Squaring (the) Circle

Circle Business, Money Transmission, and the Return of the Monetary Triangle

Feb 15, 2023 •

# 55 | The 10-Minute Guide to Tether Reserves

Balance Sheet Quality, Money Transmission, Shadow Banking, and the Law of Hard Numbers

May 15, 2023 •

# 40 | Pruning Memes - "Algo Stables Are Dead"

Watching a Forest Going Up in Flames and Blaming Oxygen Won't Help Us

Jun 2, 2022 •

# 45 | YODO: You Only Depeg Once

Misunderstanding Currency Pegs and a Guide to Maker Whales

Aug 18, 2022 •

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