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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。

694 · 精选文章 · 17/29

意见领袖与推广

Solana: Web3 culture · 4 Jan 2026

I ask you to please show a bit of respect and read this to the end, because it is slowly reaching an uncomfortable level of noise.

评论与直言4 min
市场结构

Decentralisation and control · 3 Jan 2026

These are my words, and I mean them seriously. And I say this as someone who wants crypto to succeed. But some chains are lost. Completely lost.

评论与直言3 min
政治与利益冲突

Be honest. Are this many people really that dumb?

Absolutely insane how many people are still bullish or are shilling $WLFI and USD1 after everything Trump adjacent mafia crypto deals have done to this space.

评论与直言2 min
政治与利益冲突

World Liberty Financial: exchange accountability · 2 Jan 2026

Let’s stick to facts: 🔺Binance and CZ pleaded guilty in 11/2023 and paid over 4 billion USD in fines. 🔺In 03/2025, WLFI launches USD1. 🔺Shortly after, a 2 billion investment flows into Binance via MGX. 🔺By 05/2025, it becomes clear the…

评论与直言2 min
How user demand rewards extraction — original source image
意见领袖与推广

How user demand rewards extraction

The industry likes to blame external enemies because that preserves the self image of a revolution. But the most important force shaping crypto has always been internal selection pressure.

研究与分析6 min
交易所与资产托管

X: paid promotion · 30 Dec 2025

X will never be able to pay even remotely what YouTube pays. Brands and companies have no interest in advertising here anymore

评论与直言2 min
意见领袖与推广

Web3 culture · 30 Dec 2025

But, I am extremely positive in the long term, even if my tweets appear otherwise. here is why they read the way they do:

评论与直言3 min
政治与利益冲突

2025 was a damn disgrace of a year.

A damn disgrace for crypto. A damn disgrace for this garbage app swamp of steaming nonsense. A damn disgrace for truth and decency. A damn disgrace for the world.

评论与直言5 min
The access stack: RPCs, oracles, sequencers and cloud providers — original source image
网络与基础设施

The access stack: RPCs, oracles, sequencers and cloud providers

Decentralized” describes consensus. Most users, developers, and front ends do not touch consensus. They touch an access stack: RPC gateways, oracle networks, sequencers, MEV relays, stablecoin issuers, indexers, GitHub, and cloud. That…

研究与分析8 min
Price crashes and the survival of an open network — original source image
历史与时间线

Price crashes and the survival of an open network

2011 Bitcoin crashed over 90 percent. Dead. 2013 Bitcoin crashed over 80 percent. Dead. 2014 to 2015 down over 85 percent. Dead. 2018 down 84 percent. Dead. 2022 down 77 percent. Dead.

研究与分析4 min
意见领袖与推广

Fuck them, from the depths of my heart.

I see endless tweets saying “it’s over” and “crypto is dead”. Shut up. It isn’t. It's only prices and you fucks are one of the main reasons this happened

评论与直言3 min
政治与利益冲突

Binance: Web3 culture · 25 Dec 2025

For me, 2025 was one of the worst years, if not the worst year, for crypto and also globally on a socio political level.

评论与直言5 min
市场结构

Criminals run price discovery and we all pretend it is normal.

On 10/10 #Binance printed lows that were statistically impossible compared to every other major exchange. Over 100 pairs deviated more than 10 percent. Dozens deviated 50 to 100 percent. Some went beyond 100 percent. At the same moment.…

评论与直言2 min
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