Writing
Essays on cryptoeconomic systems.
Just Cryptoeconomics · May 2026
What a Token Actually Does
What does token ownership actually confer? Tokens are described as useful because they are staked, locked, burned, wrapped, rewarded, or simply treated as central to the story. But those things do not, by themselves, tell you what the token does.
Just Cryptoeconomics · April 2026
What a Cryptoeconomic System Actually Is
A token is not the system. A token may sit at the centre of the story while the economically important activity happens somewhere else.
Just Cryptoeconomics · April 2026
Why Crypto Sector Labels Often Fail
Why crypto sector labels often fail — and how classifying systems by their buyer-facing service, not their technology stack or token narrative, produces more rigorous analysis and better peer sets.
Just Cryptoeconomics · April 2026
Why Fundamentals Exists
Why Fundamentals exists. A framework for analysing cryptoeconomic systems and tokens through three distinct layers: sector, system, and token functionality.
Just Cryptoeconomics · March 2026
The Future of Cryptoeconomics
An exploration of the future of cryptoeconomics, from novel token design and value accrual to sustainable supply, smarter distribution, stronger governance and more resilient, community-led systems.
Just Cryptoeconomics · March 2026
The History of Cryptoeconomics
An analytical history of cryptoeconomics, tracing the field from Bitcoin’s origins through Ethereum, the DAO, the block size wars, ICOs, DeFi, EIP-1559 and Terra Luna, and the lessons each period left behind.
Just Cryptoeconomics · March 2026
The State of Cryptoeconomics
An analysis of the current state of cryptoeconomics, from speculation-led design and contested value accrual to unsustainable token supply, governance tradeoffs and the need for more robust, product-led systems.
Just Cryptoeconomics · March 2026
The Value of Blockchain-based Systems
A concise introduction to what makes blockchain-based systems valuable, from permissionless participation and auditability to interoperability, composability, privacy, resilience and automation.
Just Cryptoeconomics · March 2026
What is Cryptoeconomics Part 1
Part 1 introduces cryptoeconomics as the design of blockchain-based economies, outlining ten core areas including value accrual, token functionality, rewards, supply, distribution, governance, security and community.
Just Cryptoeconomics · March 2026
What is Cryptoeconomics Part 2
Part 2 maps the boundaries of cryptoeconomics, covering related areas such as technology, governance, stakeholder analysis, token investment analysis and regulation, alongside excluded areas and relevant external fields.
Just Cryptoeconomics · March 2026
Why Cryptoeconomics Matters
An introduction to cryptoeconomics and why it matters, covering active participation, shared ownership, novel system design and the role of incentives in driving growth across blockchain-based systems.
Essay · November 2023
The next evolution of crypto capital
A cryptoeconomics-based opinion piece on the role of public token sale platforms
Essay · November 2021
REN — A simple custody-focused solution to interoperability
An analysis of Ren, a custody-focused approach to moving assets across blockchains.
Essay · October 2021
Convex(Curve) = Curve + 🚀
An exploration of Convex Finance and its value in the DeFi ecosystem.
Essay · January 2021
DeFi — The investment industry’s automated production line.
How composable DeFi protocols are reassembling the financial industry into an automated, on-chain production line.
Essay · March 2020
Stackr and the Unbanked
How Stackr aims to open investment access to the unbanked and let more people share in economic growth.
Essay · July 2019
Generalized mining — An DLT investment avant-garde
An introduction to generalized mining — supplying non-financial resources to decentralised networks as an emerging crypto-investment strategy.
Essay · September 2018
The Golden Age of ICOs — In the Past or Yet to Come?
A look at the rise of the ICO funding model and whether its best days are behind it or still ahead.