Good morning,

Thanks again for your feedback on the MakerDAO pilot for Tony Sheng Dogfoods Crypto Stuff. I’ve since re-shot that episode and recorded one for Uniswap, a draft of which you can view here. I’m planning to release these two episodes next week.

What else should I try? Some suggestions I got:

  • Dharma Lever
  • Compound
  • dydx Expo
  • Airswap Spaces
  • Veil
  • Azteco

I’m unlikely to do anything illegal or alegal in the US at this time, so no Veil. But I like the DeFi theme for this season. Maybe I’ll do games next season. Respond to this email with the apps you want me to try and I’ll record the most requested ones.

On to the post:


Coinbase’s acquisition of Neutrino caused quite a bit of outrage, leading to a #deletecoinbase hashtag and an apology of sorts from the company itself.

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Members receive a members-only analysis each week that is timely and substantial. I've been asked to be more opinionated and responsive to current events, so I'll try to do that in this more private forum. If you want my critical take on what matters in the industry, you might enjoy these analyses.

You can see a sample of a members-only analysis here. And a list of all of them here. Don't take it from me, check out these tweets from members:

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If you aren’t already familiar with my work, I write long-form analyses on building and investing in crypto, and the impact of crypto on society.

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Member updates

May 23, 2019

Ingredients for a good crypto game (Cheeze Wizards)

May 9, 2019

Are bitcoin reorgs bad? (plus on-chain cashflow)

May 2, 2019

Understanding Chamath Palihapitiya's optimism about cryptocurrrencies (plus Tether stuff)