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Data Always.

Data Always

Data driven dives into big ideas in crypto to confirm or dispel narratives.

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Substack
PricingFreemiumPublishesWeekly
Issues40Founded5 years agoLast Issue2 years ago
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Latest Issues

Latency is Money

Yesterday we published a new essay on HackMD.

The essay focuses on Ethereum timing games, in which validators intentionally delay blocks to earn higher rewards. We take a critical view of discourse in the ecosystem while attempting to exp...

2 years ago
5

The Year in Blockspace Demand (2023)

We ended last year’s edition by emphasizing the diverging paths of the two largest cryptoassets: Bitcoin needed to find a way to monetize its blockspace and Ethereum needed to focus on scaling by pushing users onto L2s. In 2023, we saw enco...

2 years ago
14

Rules and strategies of a protocol

Ethereum developers are often accused of changing the rules by which the game is played. For the class of people who view a blockchain’s spec as infallible, this is a valid criticism, but it is also true that rules do not define how a game...

3 years ago
7

Is it insane to speculate on Friend.Tech keys?

Note: this article was originally published as early access for my friend.tech chat. It has been opened to the public by popular demand.


TLDR;

The fees taken by friend.tech are too high to facilitate healthy speculation on large...

3 years ago
3

Addendum: Endgame Perils of Restaking

A supplement to Endgame Perils of Restaking.


Extended TL;DR / Summary

Restaking protocols are explicitly framed as opt-in, but when we examine how out-of-protocol yield distorts the incentive structures of the Ethereum Network...

3 years ago
12

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