Alphatu

Credible agreements are always over-collateralized.

When I look at present-day neumorphism I see it as a modern-day inheritor of the Mannerism of Venturi and Scott-Brown. Like them, it seems digital designers working today have felt their expression limited by the fixed rules of Flat Design and so have begun to test its limits. Fleshing out those sheets of glass into 3D surfaces, pulling elements... See more

The only advantage traditional contracts have over smart contracts lies in the number of assets one can use as collateral.

The Merge is the culmination of years of coordination by Ethereum Core Developers, client teams and researchers and will reshape the world’s largest programmable blockchain. To understand the magnitude of this upgrade, consider an analogy. The Ethereum network is a car running on a gas engine, but instead of providing motion to the car, Ethereum’s... See more

A few months ago, I wrote a memo to help firms understand the investment opportunity in crypto. Today, I’m open sourcing my writing in hopes that it can help others. This piece discusses why and how a traditional VC could approach crypto. Whether you’re an investor, builder, or just casually curious about crypto / web 3, I hope you find this post... See more

The incompleteness of contracts explains why we need to decentralize governance through token ownership.

Decentralized Bottlenecks:  The vision for web3 is admirable. But Moxie set out to understand how the decentralized sausage is made in practice. He was not impressed. Moxie's first concern was that Web3 is not as decentralized as it claims. In this case, access to the basic infrastructure of web3 (the Ethereum blockchain) ends up being routed... See more