México ❤️. Chief Economist @Mysten_Labs, designed @SuiNetwork incentives + tokenomics. I lead product for Sui's finance ecosystem. Previously Libra/Novi/FB.
Jul 29, 2022 • 21 tweets • 6 min read
1: storing data on a blockchain has lots of funky economic implications. who pays for it? how? when? for how long?
here's some thoughts on this thorny 🌵 challenge and how we deal with storage #tokenomics@Mysten_Labs, introducing the #Sui storage fund 💽🫙🥤
2: like other databases, blockchains are useful because you can write stuff into them and read later. ✍️📖
the challenge is what happens in between? someone has to store the data from the moment it's written to the moment it's read. this has a financial cost. 🤔
Jul 22, 2022 • 18 tweets • 4 min read
1: a few quick thoughts on monetary policy and what this means for crypto, or as we like to call it: "#TOKENOMICS" 🪙💲📈
the inevitable question is always: what's your token supply and how does it evolve over time?
2: ultimately, what we've learned from modern macro is that "market expectations" are what anchors prices and thus inflation in the long-run. there's a couple of issues with this... 🤔
May 9, 2022 • 13 tweets • 5 min read
What's going on with #LUNA and #UST? Quick comment on the economic design on stablecoins, from a paper @ccatalini and I wrote last year.
Ultimately, #stablecoin design is all about the risk profile of the reserve's assets. What does that mean? 🧵👇1/n
Stablecoins are tokens designed such that their market price tracks that of an external asset. Can be linked to gold, to oil, to Bitcoin, pretty much anything. In practice the most successful stablecoins by market cap track the US dollar. 2/n
