DeFi's Dividend Dichotomy: A Capital Market's History Lesson
The Value of a Token Is What It Does
If It Happened Onchain, Did It Happen In Real Life?
The Token is Not a Stock
Governance Tokens, Tech Stocks, Dividends, and "Utility"
The Meaning of Intrinsic Value: Crypto, Stocks, Hammers, & Gold
Code Is Not Law, Men With Guns Is Law
Additional essays related to technology cycles, crypto, and human coordination:
The US Dollar: A Proof of Violence Network
The Great Rebundling: Human Communication & Crypto
Natural Law, Citibank, Elephants, and Ethereum
The Fourth Industrial Revolution and Its Consequences Will Be a Delight for the Human Race
