The @dexscreener “scam indicator” is the fear and greed index for L2 to me.
I use a very simple and slightly depressing metric to gauge how much liquidity is being traded, or rather gambled, on L2 right now.
Commentary & rants2 min
Read the publication
MASTR · 2024–2026
All publications · 14
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 · 14/29
Trump: political influence · 7 Feb 2026
We should do the same in crypto with the traitors, just like MAGA is experiencing worldwide right now.
Commentary & rants2 min
A liquidation counter is not a single trade
“CEX Futures Liquidations #ETH Liquidated Long: 1,345,535,687” means the sum of many long liquidations across exchanges over a short window.
Research & analysis2 min
Building useful products · 7 Feb 2026
I keep receiving messages from people who want to start a crypto project to "improve this space" or whatever.
Commentary & rants1 min
Michael Saylor @saylor is repelling the very institutions he expects to arrive.
For years, the narrative was simple. Institutions will come. Central banks will come. Sovereign wealth funds will come. They only need time, clarity, and a role model bold enough to go first.
Commentary & rants4 min
A new techno ideology is spreading from Silicon Valley into politics, media and everyday life.
It promises salvation through artificial intelligence, escape through space colonisation and efficiency through total automation.
Commentary & rants4 min
Prices will very likely come back if we manage to slow down centralized institutions and the pedo-crew in time.
Prices will very likely come back if we manage to slow down centralized institutions and the pedo-crew in time.
Commentary & rants2 min
Binance: political influence · 5 Feb 2026
We are living through a peculiar fracture in modern society. Information has never been more abundant, yet shared reality has never been more fragile.
Commentary & rants3 min
Bitcoin origins: separating evidence from a viral accusation
Do not get me wrong. If there were truly dirty hands behind the development of Bitcoin and there were evidence for it, I would say it.
Research & analysis2 min
Solana: Web3 culture · 4 Feb 2026
A crypto software engineer, @AlexanderTw33ts , just launched a platform where AI agents can rent humans via API, with payments in crypto.
Commentary & rants2 min
Exchange transparency requires records, not a headline metric
You say $10B+ fraud prevented. Where is the dataset? Where are the incident reports? Where are the timestamps, pairs, orderbooks, and comparison feeds?
Research & analysis2 min
Separating documents from speculation in a viral thread
A lot of it is noise dressed up as certainty. Threads are going viral that mix real documents, half understood technical facts, and large speculative leaps that do not hold up under scrutiny.
Research & analysis2 min
Just stop! You’re not helping anymore, you’ve literally destroyed everything.
How can you talk about “educating people about crypto”? Do you have any idea how many people left this space because of the thefts and scams caused by people like you? Why don’t you tweet about the real damage #Binance has done? About the…
Commentary & rants2 min
Web3 culture · 1 Feb 2026
You can clearly sense the uncertainty in many of them, which is completely understandable....and it goes far beyond crypto.
Commentary & rants2 min
The OKX account of 10/10: questions about the explanation
While many are applauding because a large account is finally speaking up, I am absolutely skeptical about this explanation for several factual reasons!
Research & analysis2 min
Binance have just proven that they are either absolute scammers or completely out of control.
Binance’s article reads like a post mortem....a liability minimization document wrapped in technical language.
Commentary & rants4 min
A sell-off is not proof that one exchange caused it
You know I am at the VERY front when it comes to criticizing Binance, but right now it is turning into a farce because many accounts are just parroting each other.
Research & analysis3 min
The records MASTR requested after Binance 10/10
➡️No full mark price record. ➡️No index component logs. ➡️No price band data. ➡️No per second liquidation and ADL metrics. ➡️No engine versioning. ➡️No parameter freeze logs. ➡️No latency and error rate metrics. ➡️No insurance fund…
Research & analysis2 min
Binance 10/10: the timestamp and support-record dispute
A case study comparing support explanations, timestamps and platform records supplied by a Binance user after 10/10.
Original articles15 min
Decentralisation and control · 29 Jan 2026
It is time to see which projects are promoted by questionable billionaires and which ones are actually built from zero by people who care.
Commentary & rants2 min
Binance: Web3 culture · 28 Jan 2026
This last 3 months brought the kind of likes and engagement we should have had long ago, for work done well before CT finally woke up and started sharing my posts and findings.
Commentary & rants2 min
WAKE UP and stop pretending this is still crypto.
Binance decides prices. Binance decides narratives. Binance decides who lives and who gets wiped out. And you cheer. FUCK YOU.
Commentary & rants2 min
Binance: attention and incentives · 26 Jan 2026
I have to say, it is almost cynical to watch how many people and accounts suddenly “discover” the courage to call out Binance, CZ, the Trump/ MAGA network and things that have been visible for a very long time.
Commentary & rants2 min
Trump: political influence · 26 Jan 2026
The USA has now lost even #TikTok as an independent platform and centralized it under a small jerk circle of MAGA connected owners, much like what happened with X.
Commentary & rants6 min