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MASTR · 2024–2026

Investigación y análisis · 2

Publicación archivada con las palabras originales del autor. Las afirmaciones, cifras y opiniones corresponden a la fecha indicada; su inclusión no supone una verificación independiente.

229 · Publicaciones seleccionadas · 2/10

Redes e infraestructura

Solana: decentralisation and control · 12 Aug 2026

A few important points from today’s #Solana incident, although unfortunately this is not an airdrop, giveaway, memecoin, casino promo, some dumb capitalist extraction scheme, another dumbfuck scammer KOL campaign or any of the other…

Investigación y análisis2 min
Redes e infraestructura

Solana: paid promotion · 12 Aug 2026

A routing failure at TeraSwitch knocked 28.83% of all staked SOL offline at once. Once delinquent stake crosses roughly 33.34%, Solana can no longer finalize blocks.

Investigación y análisis2 min
Coldcard: firmware history, signatures and review questions — original source image
Investigaciones onchain

Coldcard: firmware history, signatures and review questions

There are too many details here that deserve a closer look: the firmware vulnerability itself, the "switck" identity, Peter D. Gray / @DocHex, the GPG signatures linking the accounts, the integration of "libngu", the development history, and…

Investigación y análisis8 min
MiCA authorisation: checking the legal entity behind an exchange — original source image
Exchanges y custodia

MiCA authorisation: checking the legal entity behind an exchange

It does, however, mean that a specific European legal entity has passed an authorisation process and is subject to regulatory supervision, governance rules, prudential safeguards, client-asset protection requirements, complaints procedures,…

Investigación y análisis3 min
Crypto’s attention economy and the cost to useful work — original source image
Influencers y promoción

Crypto’s attention economy and the cost to useful work

Crypto is starving while directing an absurd share of its attention toward disposable tokens, manufactured narratives and products designed to monetize impulse before anyone has time to ask what they actually bought.

Investigación y análisis5 min
Tokenisation: the asset, the claim and the marketing — original source image
Estructura del mercado

Tokenisation: the asset, the claim and the marketing

I want to take a closer look at the tokenization hype and explain why most of what is being marketed as “tokenization” in this space is completely pointless garbage.

Investigación y análisis5 min
Creación e independencia

KOL credibility as an inventory to monetise

They do not write code, ship products, trace funds, publish verifiable research or accept responsibility when their followers get destroyed.

Investigación y análisis3 min
An archive of centralised exchange closures — original source image
Historia y cronologías

An archive of centralised exchange closures

BitMart: January 31, 2027 - BitMEX: September 23, 2026 - AscendEX: July 1, 2026 - Knaken: June 2026 - March 31, 2026 - ProBit Global: February 26, 2026 - OceanEx: December 5, 2025 - Payeer Exchange: October 23, 2025 - Felixo: July 18, 2025 -…

Investigación y análisis2 min
Onchain and exchange volume: what can actually be compared — original source image
Estructura del mercado

Onchain and exchange volume: what can actually be compared

However, the claim that DEXs already represent more than 35% of all crypto trading volume is misleading, or depends heavily on the selected dates, provider and measurement method.

Investigación y análisis3 min
Estructura del mercado

BitShine: the reported Taiwan sentencing

Taiwan’s Shilin District Court has sentenced the man behind the BitShine crypto exchange, identified by the surname Shih, to 22 years in prison for running a large-scale fraud and money-laundering operation disguised as a legitimate…

Investigación y análisis2 min
What Bubblemaps and token scanners cannot establish — original source image
Métodos de investigación

What Bubblemaps and token scanners cannot establish

The problem is that many traders treat a colourful cluster or a green security score as the result of an investigation, when it is merely the starting point.

Investigación y análisis4 min
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