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MASTR · 2024–2026

All publications

Original investigations, critical essays and the conversations behind them. Read by subject, follow a thread, or find a person or project in the source texts.

694 · Selected publications · 1/29

Networks & infrastructure

Judge crypto actors by behaviour, not nationality

I learned very early, and life has confirmed it again and again, that appearance and origin tell you remarkably little about a person’s character, ability or intentions.

Commentary & rants2 min
Arc and the institutions behind an onchain financial network — original source image
Networks & infrastructure

Arc and the institutions behind an onchain financial network

Circle. BlackRock. DTCC. Visa. Mastercard. ICE. Standard Chartered. Galaxy. MoneyGram. SBI. Sumitomo. BNY. HSBC. State Street. Société Générale. Commerzbank. Add Aave, Morpho, Uniswap, the major exchanges, Chainlink, Ledger, Alchemy and the…

Research & analysis3 min
Politics & conflicts

What regulatory clarity can and cannot fix

Oh, look at all the accounts with some crypto coin in their name begging Washington to pass the CLARITY Act as if Congress is about to descend from the heavens and fix crypto and give a bullrun for fun.

Commentary & rants2 min
The KOL deal behind a copy-trading leaderboard — original source image
KOLs & promotion

The KOL deal behind a copy-trading leaderboard

Humanity Protocol’s promotional documents went as far as instructing trader KOLs to buy publicly after launch to demonstrate commitment.

Research & analysis2 min
Research methods

AI: decentralisation and control · 12 Sep 2026

When an American CEO (here Dario Amodei, Anthropic) is willing to warn the world about the very technology his company is banking on to bring in billions, you start to wonder how close to midnight we really are.

Commentary & rants1 min
Networks & infrastructure

Web3 culture · 12 Sep 2026

Isn’t it ironic that one of the most popular apps, and the one some people keep presenting as a flagship product for the chain, is also one of the entities that has been nuking that same chain for years?

Commentary & rants2 min
Building & independence

Why MASTR refuses paid promotional deals

But the thought of posting a product here, praising it, telling people how great it is and putting my name behind things I cannot fully control makes my skin crawl.

Building & independence3 min
Market structure

Hunter Biden-linked tokens: uncertainty about the endorsement

I genuinely have no idea whether he understands what actually happened behind the scenes, but this whole episode is another perfect example of how absurdly naive (or extractive) celebrities can be when they enter crypto.

Commentary & rants1 min
LAPTOP: allocation wallets, claims and sale receipts — original source image
Onchain investigations

LAPTOP: allocation wallets, claims and sale receipts

I traced pre-launch base:0xebe772bb43bd3166c4dfc968f1483472ac756b07 allocation into a sales wallet that generated 2,340,683.504496 USDC after visible USDC deductions.

Research & analysis3 min
KOLs & promotion

Pumpfun: paid promotion · 8 Sep 2026

Basically, people are voluntarily installing a memecoin casino on their phones, expecting to get rich while the published snapshots show most participants either losing money or walking away with small gains.

Commentary & rants1 min
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