Official MASTR logo MASTR
Menu
Read the publication

MASTR · 2024–2026

All publications · 20

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 · 20/29

Stablecoins: reserves, control and infrastructure power — original source image
Market structure

Stablecoins: reserves, control and infrastructure power

A place where you park value, avoid volatility and wait for your next move. In reality they are not a side product. They are the core plumbing that keeps trading, DeFi and liquidity alive.

Research & analysis5 min
Networks & infrastructure

What a Solana hack headline does not establish

#Upbit lost about 36 to 38M from a compromised hot wallet that held Solana based assets. #Solana was not hacked. The Solana blockchain processed valid transactions exactly as designed.

Research & analysis2 min
Satoshi Nakamoto: what the public record can tell us — original source image
History & timelines

Satoshi Nakamoto: what the public record can tell us

Satoshi Nakamoto is the pseudonym of the person or group who created Bitcoin. Nobody knows who he was. Everything we know comes from archived emails, forum posts, the original Bitcoin code and the whitepaper he released on 31.10.2008.

Research & analysis3 min
KOLs & promotion

Attention and incentives · 26 Nov 2025

🔺 Real conviction is tweeting when no one likes your tweets 🔺 Real conviction is building when no one sees you 🔺 Real conviction is staying here while everyone else leaves 🔺 Real conviction is calling out what harms this space 🔺 Real…

Commentary & rants1 min
Cardano’s chain split: the validation mismatch — original source image
Networks & infrastructure

Cardano’s chain split: the validation mismatch

A single malformed transaction triggered a chain split, internal drama exploded, an FBI probe began, developers resigned, and the entire ecosystem was forced into a stress test that revealed both strengths and weaknesses.

Research & analysis6 min
Networks & infrastructure

Solana: security and verification · 24 Nov 2025

Many of you are damaging your own financial health, and the Solana ecosystem is damaging itself, unless we begin to change our behavior collectively.

Commentary & rants1 min
KOLs & promotion

Insiders leaking private info to each other while retail pays the price.

🔺Raise your hands if you are sick of it 🔺Raise your hands if you are sick of centralized entities buying the entire space 🔺Raise your hands if you are sick of influencers dumping on their own followers 🔺Raise your hands if you are sick of…

Commentary & rants5 min
TNSR: MASTR’s account of the trading around an announcement — original source image
Onchain investigations

TNSR: MASTR’s account of the trading around an announcement

Over the last 48 hours, the Tensor $TNSR timeline has turned into one of the clearest case studies in how insider advantage, information asymmetry and silent power structures still dominate crypto.

Research & analysis4 min
Research methods

Does any of this even have value for you?

The problem is that I sometimes spend 2 hours on a tweet, doing research, cross checking, digging into everything, and almost nobody sees it or wants to read it, while right next to me someone asks for the next 100x ticker or posts half…

Commentary & rants1 min
Why concentrated supply is not a safety signal — original source image
Market structure

Why concentrated supply is not a safety signal

Bundles raise the day one floor. That is all. No real pressure. No real discovery. Just a trap where early wallets feast while the rest get slaughtered.

Research & analysis2 min
Bitcoin’s layers of concentration — original source image
Networks & infrastructure

Bitcoin’s layers of concentration

1. Mining power and geography Recent global hash rate heatmap data for Q4 2025 shows a very tight concentration of physical security.

Research & analysis11 min
KOLs & promotion

Paid promotion · 20 Nov 2025

I wish people would give my older tweets the same attention as the new ones, because many of the important points are already explained there.

Commentary & rants2 min
Networks & infrastructure

THE SCAM ECONOMY IS NOT A SIDE EFFECT.

Everyone keeps repeating the same fairy tale. Scams are a minority. Bad actors are a small problem. Decentralisation will fix everything. The numbers prove the exact opposite.

Commentary & rants4 min
MASTR

Support independent research

The investigations, original evidence and guides here are free to read. Voluntary donations help fund the research and keep MASTR’s tools available.

Open wallet