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MASTR · 2024–2026

Networks & infrastructure · 3

The components between a user, an application and the underlying consensus system.

87 · Selected publications · 3/4

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
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
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
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
Networks & infrastructure

Bitcoin: decentralisation and control · 14 Nov 2025

Being here and watching the endless idiot accounts who either predict the death of crypto or call for the four hundredth bull run altcoin season makes no sense.

Commentary & rants1 min
Networks & infrastructure

Who is selling how much #Bitcoin atm?

Fresh data from CoinGecko shows something essential about the market. The listed 24 hour $BTC volume on each exchange is not just “activity”.

Commentary & rants2 min
Institutional entry and the control of access — original source image
Networks & infrastructure

Institutional entry and the control of access

BlackRock, #Fidelity and #Vanguard together manage over $23 trillion. That’s more than 20× the total crypto spot market.

Research & analysis5 min
Networks & infrastructure

Keep building against all odds, my friend. L1, L2 doesn`t matter.

There were times we questioned if constantly swimming against the current in this space of lies, "100x, GM, bullish, altcoinseason, what`s the ticker, giveaway drop wallet" and hypocrisy made any sense.

Commentary & rants2 min
Networks & infrastructure

The problem I see, is bigger than numbers.

The market is bleeding again. It was a hard 2025. Charts collapsing. Liquidity vanishing. Everyone screaming “bear market” like it’s something new.

Commentary & rants6 min
Networks & infrastructure

The October 2025 AWS outage and dependent services

Earlier today, Amazon Web Services experienced a major outage that started in its US-EAST-1 region in Northern Virginia, one of the most important data centers in the world.

Research & analysis1 min
Networks & infrastructure

Bitcoin: paid promotion · 28 Sep 2025

I want to make one thing clear: this is not a prediction, just information for those who are interested.

Research & analysis2 min
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