Research · GapLimit
Follow infrastructure, incentives and power.
Evidence-led analysis of the systems connecting digital assets and global finance.
Swift vs stablecoins: two very different ways money moves
A fair comparison of financial messaging, correspondent banking and blockchain-based dollar settlement.
Research · InfrastructureDigital assets and traditional finance are solving different trust problems
Where banks, markets and blockchains are strong—and where each infrastructure model still fails.
Ownership · Institutional systemsWhere a billion dollars of crypto actually lives
Institutional custody, key control, governance and how a large Bitcoin purchase reaches settlement without pretending to know a buyer's private book.
Research · Evidence ledgerWhat has crypto actually contributed?
A sober separation of established contributions, growing adoption, active experiments and unsupported hype.
Ownership · ValueWho owns crypto—and what makes it valuable?
A framework for known ownership, estimated behavior, long-term-holder metrics, and comparisons with gold and real estate.
Research · A fifteen-year auditWhat did the crypto era actually prove?
A sober account of what survived repeated booms, crashes, failures, regulation and technical change—and what remains unproven.
Research · MeasurementThe adoption atlas: who is using digital assets, and how?
A measurement-first map of individual, developer, company, institutional and public-sector activity without one misleading global score.
Research · Corporate evidenceWhy companies adopt digital-asset infrastructure
Documented case studies of treasury, settlement, custody and market access—separating implemented products from promised benefits.
Research · Monetary systemsCrypto vs fiat: a comparison of claims, rails and trust
Cash, bank deposits, stablecoins and native crypto assets compared by issuer, settlement, reversibility, privacy, governance and failure mode.
Research · ScarcityBitcoin vs gold: two scarcity systems, not one slogan
A deep comparison of monetary history, supply, custody, verification, liquidity, portability, energy and institutional role.
Research · Culture and capitalMemecoins, technology projects and the market for attention
A non-romantic, non-dismissive analysis of cultural assets, technical infrastructure and how attention reallocates capital and risk.
Voices · Primary recordsLandmark crypto writings—and what they did not say
A source-led reading room for the Bitcoin paper, Ethereum's original vision, the pizza record and the institutional access decision.