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MASTR · 2024–2026

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原创调查、批判性文章及相关讨论。按主题阅读、追踪长帖,或在原文中查找人物和项目。

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网络与基础设施

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.

评论与直言2 min
Arc and the institutions behind an onchain financial network — original source image
网络与基础设施

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…

研究与分析3 min
政治与利益冲突

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.

评论与直言2 min
The KOL deal behind a copy-trading leaderboard — original source image
意见领袖与推广

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.

研究与分析2 min
研究方法

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.

评论与直言1 min
网络与基础设施

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?

评论与直言2 min
建设与独立

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.

建设与独立3 min
市场结构

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.

评论与直言1 min
LAPTOP: allocation wallets, claims and sale receipts — original source image
链上调查

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.

研究与分析3 min
意见领袖与推广

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.

评论与直言1 min
MASTR

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