Pinotio's DeFi Blog
Pinotio's DeFi Blog

Pinotio's DeFi Blog

Your Guide to DeFi tokens and governance - from the trenches.

Valuing Bitcoin and Ether based on Censorship Resistant Record-Keeping

25 Feb 2022 5 minute read 6 comments

Summary: The price of a currency is determined by its circulating volume and velocity. The lower the velocity (higher the holding period) the higher the price. The more people see Ethereum or Bitcoin as offering censorship resistant data-storage...

A Valuation Framework for Bitcoin

2 Jan 2022 1 minute read 0 comments

An up to date version of this article is maintained here: The best framework I have so far is to think of Bitcoin ownership as ownership of a piece of art. More specifically: There are a maximum...

A Year Farming on Celo

29 Dec 2021 3 minute read 0 comments

An updated version of this post is maintained here. Summary: A year in review: Up 75% for the year. 75% is bad compared to the crypto market. Quality matters. Farming tokens in projects I believe in. Re-farming of rewards. Exploits and Failures happ...

Am I a Bitcoin Maximalist?

22 Oct 2021 4 minute read 0 comments

An up to date copy of this article is maintained here. No. I currently have about as much Bitcoin as Ether. However, I'm starting to reconsider: Proof of Work is underrated by the general public. Bitcoin Lightning is fast and cheap for doing tra...

DeFi Governance Weekly. Grant Debacles on Uniswap

20 Aug 2021 4 minute read 2 comments

Plus Surplus Buffers, Preventing Governance Attacks, and Vitalik Challenges How DAOs vote Grant Debacles on Uniswap Blockchain protocols often reserve a portion of their governance tokens for community grants to help grow the protocol. Uniswap an...

All about Crypto Index Funds

16 Aug 2021 4 minute read 0 comments

Why invest in crypto index funds? Probably the best known index fund for stocks is the S&P500. This tracks the market value of 500 large US stocks. By investing in the S&P500 (via Vanguard,  Schwab, Blackrock or State Street), one can get exposur...

DeFi Governance Weekly - August 13th 2021. Proof of Stake - Celo vs Ethereum 2.0

13 Aug 2021 2 minute read 0 comments

Summary: Celo protocol delays decision on how to pull token emissions back on target. Comparing Celo vs Ethereum 2.0 in how they set staking rewards. Celo delays decision on how to pull epoch rewards back on target DeFi protocols typically have a s...

Bitcoin Lightning Guide - Should I Set up a Node?

9 Aug 2021 2 minute read 0 comments

  Overview: Hardware Setup. Channel Setup (work in progress). Basic Economics of Bitcoin LN (work in progress). TBD... 0. What is Bitcoin LN and Should I set up a Node? In short, Bitcoin LN allows for small bitcoin transactions to be made more quic...

DeFi Governance Weekly - Aug 6th 2021 - A Focus on Celo

6 Aug 2021 5 minute read 0 comments

Summary: This week, I'll focus on the Celo platform's token economics and governance token emissions. First, in other news: Gary Gensler gives a speech indicating his initial approach to US crypto regulation:

DeFi Governance Weekly - Aug 3rd 2021

3 Aug 2021 3 minute read 0 comments

Subscribe on to get a weekly governance and investment update Today's post - which is really last week's post - comes a little late as I've been travelling. I still plan a further governance update this coming Friday (Aug 6th), which com...