Pinotio's DeFi Blog
Pinotio's DeFi Blog

Pinotio's DeFi Blog

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


How fast can I grow $1,000 in DeFi? - Week 1

22 Apr 2021 5 minute read 12 comments Pinotio.com

An updated version of this article is hosted here. April 22nd 2021 It's day 1 and I'm starting off with $1,000 ($1,117.18 to be precise) to invest in Harvest.Finance. My initial rules are as follows: Invest 50% of my total balance in the highest...

Uniswap v3 is a Big Deal - and not just for crypto

16 Apr 2021 5 minute read 0 comments Pinotio.com

An updated version of this article is maintained here. Summary: Uniswap v3 is going live on May 5th. A summary of how non-defi exchanges work How Uniswap v1 was radically different Why Uniswap v3 should allow Uniswap to outperform all other dece...

Why I've Bought in to Ethereum

11 Apr 2021 3 minute read 0 comments Pinotio.com

Summary I'm investing in Ethereum because I like what I read from Vitalik Buterin. It is possible I will lose the full investment because crypto has an uphill battle against traditional currencies that work quite well. I see that knowledge about di...

Review of 1729.com's "How to Start a New Country"

9 Apr 2021 3 minute read 0 comments Pinotio.com

An updated version of this post is maintained here. Balaji proposes seven models for establishing a new state. I contribute two further models that provide useful comparisons for what 1929.com is trying to achieve: 8) Big Tech as independent stat...

The deflationary aspect of a fixed monetary supply is neither a feature nor a bug

8 Apr 2021 1 minute read 0 comments Pinotio.com

An updated copy of this post is maintained here. Some might fault a fixed monetary supply for the deflationary nature of prices in such a system. With prices falling some might argue that people will be reluctant to spend. I counter that the pric...

Bitcoin, Weimar Germany and the value of a fixed monetary supply

7 Apr 2021 1 minute read 1 comment Pinotio.com

An updated version of this post is maintained here. Jens Parsson documents hyperinflation in the German Weimar Republic in his book The Dying of Money. At that time, the German government: had a lot of debt (from the Versailles treaty that follo...

The analogy between Bitcoin and Roman currency in the dark ages

6 Apr 2021 1 minute read 7 comments Pinotio.com

An updated copy of this post is maintained here. A common argument against the value of cryptocurrencies goes as follows (quotation my own): For an asset to have value, there must be an underlying physical commodity (e.g. gold) or an associated s...

Let's Denominate Prices in Bitcoin

4 Apr 2021 2 minute read 0 comments Pinotio.com

  An updated copy of this post is maintained here. Summary: Even when we pay in crypto, prices are mostly denominated in fiat Bitcoin might soon be more widely held than the US dollar, so it's time to start denominating prices in Bitcoin If you own...

Crypto v Nation States: A Battle about Tax

6 Mar 2021 7 minute read 0 comments Pinotio.com

  Summary: The friction between crypto and nation states is fundamentally about tax. Tax compliance issues with earning, exchanging and selling crypto are under-appreciated by crypto protocols, crypto users and governments. Some crypto users seek to...

Crypto Performance During Hyperinflation

26 Feb 2021 4 minute read 4 comments Pinotio.com

  An updated copy of this post is kept here. Summary With 10-year treasury rates rising there are increased concerns about inflation. While hyperinflation is far from guaranteed, rising rates serve as a good prompt for considering how crypto would p...