# ![@cryptoeconprof Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1430670620833075212.png) @cryptoeconprof Fahad Saleh

Fahad Saleh posts on X about blockchain, ethereum, stablecoins, bitcoin the most. They currently have [---] followers and [--] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::1430670620833075212/interactions)
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- [--] Week [------] +66%
- [--] Month [------] -34%
- [--] Months [-------] +2,574%
- [--] Year [-------] +1,767%

### Mentions: [--] [#](/creator/twitter::1430670620833075212/posts_active)
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- [--] Week [--] +128%
- [--] Month [--] +880%
- [--] Months [--] +407%
- [--] Year [--] +833%

### Followers: [---] [#](/creator/twitter::1430670620833075212/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1430670620833075212/c:line/m:followers.svg)

- [--] Week [---] +1.20%
- [--] Month [---] +3.90%
- [--] Months [---] +14%
- [--] Year [---] +66%

### CreatorRank: [-------] [#](/creator/twitter::1430670620833075212/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1430670620833075212/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  34.78% [cryptocurrencies](/list/cryptocurrencies)  #4726 [exchanges](/list/exchanges)  4.35% [nfl](/list/nfl)  2.9% [countries](/list/countries)  2.9% [technology brands](/list/technology-brands)  1.45% [vc firms](/list/vc-firms)  1.45% [celebrities](/list/celebrities)  1.45%

**Social topic influence**
[blockchain](/topic/blockchain) #4003, [ethereum](/topic/ethereum) #549, [stablecoins](/topic/stablecoins) 7.25%, [bitcoin](/topic/bitcoin) 5.8%, [uniswap](/topic/uniswap) 5.8%, [main](/topic/main) 4.35%, [paper](/topic/paper) 4.35%, [crypto](/topic/crypto) 4.35%, [$4922t](/topic/$4922t) #9, [john](/topic/john) 2.9%

**Top accounts mentioned or mentioned by**
[@nyustern](/creator/undefined) [@camharvey](/creator/undefined) [@financeutm](/creator/undefined) [@malekanoms](/creator/undefined) [@barnabemonnot](/creator/undefined) [@uniswap](/creator/undefined) [@hannahalaburda](/creator/undefined) [@columbia](/creator/undefined) [@timroughgarden](/creator/undefined) [@katyamalinova](/creator/undefined) [@bradbachu](/creator/undefined) [@rotmanschool](/creator/undefined) [@casparschwa](/creator/undefined) [@mcmasteru](/creator/undefined) [@tinnkatrin](/creator/undefined) [@on3sports](/creator/undefined) [@zaidjilani](/creator/undefined) [@dukeu](/creator/undefined) [@adamschefter](/creator/undefined) [@farmerrf](/creator/undefined)

**Top assets mentioned**
[Ethereum (ETH)](/topic/ethereum) [Bitcoin (BTC)](/topic/bitcoin) [Layerzero (ZRO)](/topic/layerzero) [Arbitrum (ARB)](/topic/arbitrum)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Whenever ETH prices fall the incentive design for staking becomes especially important. @camharvey Kose John and I have relevant work studying how to secure PoS blockchains against arbitrary attack incentives:"  
[X Link](https://x.com/anyuser/status/2020230057843630301)  2026-02-07T20:15Z [---] followers, 26.3K engagements


"@ZaidJilani . but if their media platforms succeed as Super PACs then they get favorable policy-makers elected and those policy-makers pass laws that help them make money. Political spending is an investment"  
[X Link](https://x.com/cryptoeconprof/status/2019211106280173774)  2026-02-05T00:46Z [---] followers, [----] engagements


""The automated system enables participants to identify the most competitive quote from an ecosystem of whitelisted market participants known as subscribers (including Flowdesk Tokka Labs and Wintermute) and settles the trade atomically onchain through immutable smart contracts. All investors utilizing the capability are pre-qualified and whitelisted through Securitize." Read the full announcement https://t.co/nAhtRhVEy2 Read the full announcement https://t.co/nAhtRhVEy2"  
[X Link](https://x.com/anyuser/status/2021737057756852503)  2026-02-12T00:04Z [---] followers, [---] engagements


"As tokenization of traditional financial assets gains regulatory attention a fundamental question demands rigorous analysis: Can blockchain technology provide secure settlement In a new paper with @camharvey (@DukeU) and Kose John (@NYUStern) we develop an economic model to address this question. Our analysis yields two main insights. First: blockchain security is tied to blockchain productivity. A blockchain generating more economic value for users can share that value with validators through higher staking rewards. In turn higher rewards attract more staked capital raising the cost for any"  
[X Link](https://x.com/anyuser/status/2013646049940811933)  2026-01-20T16:13Z [---] followers, [----] engagements


"@AdamSchefter Yes and the Cleveland Browns have fewer Super Bowl losses than any other NFL franchise"  
[X Link](https://x.com/cryptoeconprof/status/2020725122735145202)  2026-02-09T05:03Z [---] followers, 10.3K engagements


"This is backwards. A dominant US position in BTC doesn't secure America's economic future. Rather it paints a target on the Bitcoin blockchain. Bitcoin's security isn't absolute. It has avoided attack because there isn't much upside to attacking it. Put a massive share of US wealth on that blockchain and you change that. Specifically adversarial governments could freeze American wealth through a DoS attack and may find this incentive-compatible if the cost of attack is sufficiently low. https://twitter.com/i/web/status/2022329988742005153 https://twitter.com/i/web/status/2022329988742005153"  
[X Link](https://x.com/cryptoeconprof/status/2022329988742005153)  2026-02-13T15:20Z [---] followers, [---] engagements


"@farmerrf @YanagizawaD If you need Claude Code existing to tell you that your career ambitions shouldn't revolve around publishing papers in club journals then you need to re-assess your life"  
[X Link](https://x.com/cryptoeconprof/status/2022077625783746653)  2026-02-12T22:37Z [---] followers, [----] engagements


"Questions to all the crypto people who say things like this: in rigorous terms what do you mean by store of value More pointedly how would one test the statement that ETH is a store of value I am asking not to be contrary but because I presume the best path forward for the Ethereum blockchain would depend on whether the statement is actually true. @RyanSAdams ETH is a store of value and one of the most important apps on ethereum. @RyanSAdams ETH is a store of value and one of the most important apps on ethereum"  
[X Link](https://x.com/anyuser/status/2020187798712541455)  2026-02-07T17:27Z [---] followers, [----] engagements


"Right but the problem is that most economics papers don't actually show that the main results hold without the mathematical convenience. More pointedly the claim that a simplification is for exposition gets used as a cop-out. Authors assert robustness without demonstrating it. The simplification then gets baked into the literature as standard methodology. In turn many papers follow all built on the unverified assumption that the simplification is innocuous. One example of this phenomenon is shown by Pohl et al JF [----] They checked whether the Campbell-Shiller log-linearization simplification"  
[X Link](https://x.com/cryptoeconprof/status/2023081134163136943)  2026-02-15T17:05Z [---] followers, [--] engagements


"RT @ChairmanSelig: Today @CFTC staff is expanding the list of eligible tokenized collateral to include stablecoins issued by national trus"  
[X Link](https://x.com/anyuser/status/2019897342309310973)  2026-02-06T22:13Z [---] followers, [---] engagements


"RT @miniapeur: Here is my advice for PhD students but honestly it applies to anyone in general: [--]. Be more positive even when the situa"  
[X Link](https://x.com/anyuser/status/2020180598795448652)  2026-02-07T16:59Z [---] followers, [--] engagements


"RT @brian_armstrong: The US can either lead in financial innovation or watch it move offshore. State regulators fighting federal law isn't"  
[X Link](https://x.com/anyuser/status/2020219961164062772)  2026-02-07T19:35Z [---] followers, [---] engagements


"Not all fields are this slow. Computer Science for example relies mostly on conference publications which yields a shorter publication cycle and enables the field to remain relevant. Most fields will probably have to pivot to a similar approach or else become obsolete. Peer review at top journals now routinely takes three or more years. In AI terms thats an eternity. By the time results appear in print the models under study are obsolete yet the conclusions persist and get cited for years as if they reflect the current state of the field. Peer review at top journals now routinely takes three"  
[X Link](https://x.com/anyuser/status/2021239485300662753)  2026-02-10T15:07Z [---] followers, [---] engagements


"RT @SuccinctJT: 1/ LayerZero is launching a new blockchain and on the SNARK-proving front it's powered by Jolt. Benchmark were proud of:"  
[X Link](https://x.com/anyuser/status/2021406915688058883)  2026-02-11T02:12Z [---] followers, [--] engagements


"One of the impediments for mainstream adoption of Bitcoin is that there is a community of bullshitters advocating for Bitcoin and this makes others uncomfortable with using the system. For example Chamath claims that the Bitcoin white paper is easy to read even for a non-technical audience yet here is an excerpt from the paper: JUST IN: BILLIONAIRE CHAMATH PALIHAPITIYA JUST CALLED THE #BITCOIN WHITE PAPER ONE OF THE GREATEST WRITTEN WORKS IN ALL HISTORY BTC IS PURE POETRY. TRUTH 🚀 https://t.co/4gb8WQZUam JUST IN: BILLIONAIRE CHAMATH PALIHAPITIYA JUST CALLED THE #BITCOIN WHITE PAPER ONE OF"  
[X Link](https://x.com/anyuser/status/2021614990180897220)  2026-02-11T15:59Z [---] followers, [---] engagements


"The spreadsheet error is embarrassing but the real issue here is how policy-makers misused this work. In particular the paper makes no causal claim and the authors are explicit about this: "Our main finding is that. high debt/GDP levels (90 percent and above) are associated with notably lower growth outcomes." The paper is just descriptive statistics with no inferential model. Even if the data had been correct this paper would have established absolutely nothing about the implication of any particular policy. Absolutely mind boggling. "in their Excel spreadsheet Reinhart and Rogoff had not"  
[X Link](https://x.com/anyuser/status/2023089199532896566)  2026-02-15T17:37Z [---] followers, [--] engagements


"https://t.co/d75wGrFGr7 https://t.co/d75wGrFGr7"  
[X Link](https://x.com/anyuser/status/2023095880530927749)  2026-02-15T18:03Z [---] followers, [---] engagements


"Next Thursday at [--] AM EST: @ProfYYadav1 (@vanderbiltlaw) presents her research on #stablecoins and #CBDCs. @financeUTM (@rotmanschool) moderates the session. #cryptoregulation Register at"  
[X Link](https://x.com/anyuser/status/1710329825129349544)  2023-10-06T16:23Z [--] followers, [---] engagements


"From the CBER Conference @NYUStern @mikeneuder explains #restaking: @financeUTM @camharvey @hannahalaburda @malekanoms @joshua_t_white @barnabemonnot @casparschwa @0xkydo @13yearoldvc https://www.youtube.com/watchv=rOJo7VwPh7I https://www.youtube.com/watchv=rOJo7VwPh7I"  
[X Link](https://x.com/CBER_Forum/status/1810299815017718135)  2024-07-08T13:08Z [---] followers, [---] engagements


"💡 Join @ciamac for an overview of #MEV (Maximal Extractable Value) at the CBER CtCe Conference 📅 October [--] - [--] 📍 @Columbia Engineering Innovation Hub 🔗 Register at https://ctce.cber-forum.org/ https://ctce.cber-forum.org/"  
[X Link](https://x.com/cryptoeconprof/status/1843305288000241803)  2024-10-07T15:00Z [---] followers, [----] engagements


"💡Check out @Tim_Roughgarden @Columbia @a16z discussing his work with @hannahalaburda @NYUStern @KatyaMalinova @McMasterU and @tinn_katrin @mcgillu at the CBER CtCe Conference. 📅 Oct. [--] - [--] 📍 @Columbia Engineering Innovation Hub 🔗 Register at https://ctce.cber-forum.org https://ctce.cber-forum.org"  
[X Link](https://x.com/cryptoeconprof/status/1848378711412015583)  2024-10-21T15:00Z [---] followers, [----] engagements


"💡 @HECParis Bruno Biais's keynote at the CBER CtCe Conference will answer the question: Do #cryptocurrencies Matter From An Economic Perspective 📅 October [--] - [--] 📍 Columbia Engineering Innovation Hub 🔗 Register at #EconTwitter #CryptoTwitter https://ctce.cber-forum.org https://ctce.cber-forum.org"  
[X Link](https://x.com/cryptoeconprof/status/1849465881438663144)  2024-10-24T15:00Z [---] followers, [----] engagements


"From the CBER CtCe Conference: @brettpalatiello head of econ research @eigen_labs provides an overview of #eigenlayer: @NYcryptolawyer @CahillNXT provides the introduction and moderates the presentation. https://youtu.be/e9WaXIyZ-y8 https://youtu.be/e9WaXIyZ-y8"  
[X Link](https://x.com/cryptoeconprof/status/1854918049952154096)  2024-11-08T16:05Z [---] followers, [----] engagements


"From CBER CtCe Conference @BradBachu @Uniswap provides an overview of Order Flow Auctions in #crypto: https://youtu.be/icOA4HVLvAo https://youtu.be/icOA4HVLvAo"  
[X Link](https://x.com/cryptoeconprof/status/1856367601351569917)  2024-11-12T16:05Z [---] followers, [--] engagements


"From the CtCe Conference @hannahalaburda @NYUStern moderates a panel on permissionless consensus with panelists @Tim_Roughgarden @Columbia @KatyaMalinova @McMasterU and @tinn_katrin @DesautelsMcGill: https://youtu.be/CTjp3HM-GLc https://youtu.be/CTjp3HM-GLc"  
[X Link](https://x.com/cryptoeconprof/status/1864340134663217285)  2024-12-04T16:05Z [---] followers, [---] engagements


"From CtCe @0xFanZhang @YaleCompsci @chainlinklabs presents work with @kartik1507 and @syang2ng on Ethereum's block builder market: https://youtu.be/B55-f58Y0Bc https://youtu.be/B55-f58Y0Bc"  
[X Link](https://x.com/cryptoeconprof/status/1865064910130155864)  2024-12-06T16:05Z [---] followers, [---] engagements


"My NY resolution: Learn more about Layer 2s Conveniently here's a new video from the CBER CtCe Conference to help 😇: In the video @BenBerg07141321 @OffchainLabs explains the proving process for optimistic rollups under @arbitrum BoLD https://youtu.be/artaj-PZ5kk https://youtu.be/artaj-PZ5kk"  
[X Link](https://x.com/cryptoeconprof/status/1876330651202572399)  2025-01-06T18:11Z [---] followers, [---] engagements


"🚨 NEW PAPER ALERT🚨 @camharvey @DukeFuqua Ruslan @uniofwarwick and I provide an economic model to examine the L1-L2 interaction. Check out the paper at TLDR: If developer activity focuses disproportionately on improving L2s (e.g. EIP-4844) then TVL will continue to shift to L2 and ETH prices will continue to decline. Alternatively if developer upgrades are targeted at improving @ethereum L1 execution directly then both L1 and L2 would thrive. @barnabemonnot @casparschwa @_julianma @malleshpai @financeUTM : thoughts https://papers.ssrn.com/sol3/papers.cfmabstract_id=5163823"  
[X Link](https://x.com/cryptoeconprof/status/1899082817545355436)  2025-03-10T13:00Z [---] followers, [----] engagements


"In a "mature" market what should the relationship between ETH prices and the Ethereum blockchain be and why Why should ETH prices reflect the underlying blockchain network if ETH holders aren't actually accruing value from the underlying blockchain network and what does that have to do with the market being mature"  
[X Link](https://x.com/cryptoeconprof/status/1905747707706347872)  2025-03-28T22:23Z [---] followers, [---] engagements


"@malekanoms: There is a difference between saying the cost of attacking a permissionless chain must be greater than the benefit from attacking it versus saying that the market value of the native coin must approximately correspond to the economic value generated by the underlying blockchain. Setting aside the fact that a permissionless chain doesn't necessarily need to even have a native coin and specializing to the Ethereum context there is a huge difference between the marginal price of ETH and the cost associated with say acquiring 33% of staked ETH to conduct an attack. That is if you try"  
[X Link](https://x.com/cryptoeconprof/status/1906025582154170471)  2025-03-29T16:48Z [---] followers, [---] engagements


"I am not disagreeing with your premise but you are alluding to an externality and not all externalities are internalized. More explicitly I agree that L2s derive security from Ethereum for which the security is related to the cost of acquiring sufficient ETH because of Ethereum's Proof-of-Stake protocol. However the fact that L2s benefit from ETH being valuable does not imply that the L2 users internalize this and transfer any of that value to ETH holders. If this isn't corrected then a potential outcome is a market failure"  
[X Link](https://x.com/cryptoeconprof/status/1907449615672099152)  2025-04-02T15:06Z [---] followers, [--] engagements


""If L1 is unimportant and loses its attraction of liquidity and DeFi there will also be less of a reason for L2s to even remain attached to Ethereum" 💯 A bit more on the reasons for my EIP to scale Ethereum L1 100x over [--] years: https://t.co/nBtXOlepKA A bit more on the reasons for my EIP to scale Ethereum L1 100x over [--] years: https://t.co/nBtXOlepKA"  
[X Link](https://x.com/cryptoeconprof/status/1917683007495750026)  2025-04-30T20:50Z [---] followers, [---] engagements


""If L1 is unimportant and loses its attraction of liquidity and DeFi there will also be less of a reason for L2s to even remain attached to Ethereum" 💯 A bit more on the reasons for my EIP to scale Ethereum L1 100x over [--] years: https://t.co/nBtXOlepKA A bit more on the reasons for my EIP to scale Ethereum L1 100x over [--] years: https://t.co/nBtXOlepKA"  
[X Link](https://x.com/cryptoeconprof/status/1917683073124364795)  2025-04-30T20:50Z [---] followers, [---] engagements


"However you feel about ETH as an asset it's hard to deny that the Ethereum community has an incredible amount of intellectual talent and with the ability to follow through and execute on their vision. real-time proving Q&A :) What is it ELI12. A: An army of nerds just cracked a sci-fi problem: proving every Ethereum mainnet block in real time. These zk proofs are exponentially cheaper to verify than re-executing transactionsjust a few milliseconds no matter the gas used. real-time proving Q&A :) What is it ELI12. A: An army of nerds just cracked a sci-fi problem: proving every Ethereum"  
[X Link](https://x.com/cryptoeconprof/status/1925154987815870606)  2025-05-21T11:41Z [---] followers, [---] engagements


"Proof-of-Stake based chains (e.g. Ethereum) have an economic security advantage over Proof-of-Work based chains (e.g. Bitcoin): https://open.spotify.com/episode/4iZ59V0W9MB5WKCIN0Wxef ethereum chose a different path. proof of stake replaces pow with bond-backed validators and eip [----] burns part of every fee. the issuance expands only enough to pay for security & when usage spikes the burn can outrun issuance and net supply shrinks. https://open.spotify.com/episode/4iZ59V0W9MB5WKCIN0Wxef ethereum chose a different path. proof of stake replaces pow with bond-backed validators and eip 1559"  
[X Link](https://x.com/cryptoeconprof/status/1946399827471843664)  2025-07-19T02:40Z [---] followers, [---] engagements


"The cost of the attack in the paper is derived based on the cost of acquiring sufficient hash power (e.g. a majority attack requires 50% of the hashing power). The level of the hash power is determined endogenously based on the usual rational investment principles namely that the investment level should be such that the return on investment matches the opportunity cost of capital. Our results generalize irrespective of whether miners hold or sell their crypto"  
[X Link](https://x.com/cryptoeconprof/status/1946696128008736794)  2025-07-19T22:18Z [---] followers, [--] engagements


"You're missing my point. Whether a miner holds or sells is endogenous. I can mine without holding onto the cryptoasset I earn as a reward. Miners/ Stakers holding onto crypto is not an intrinsic property of PoW as differentiated from PoS. You are just describing something you see for miners on one specific PoW blockchain without any context as to whether this is specifically due to the blockchain relying on PoW for sybil resistance"  
[X Link](https://x.com/cryptoeconprof/status/1946712225810432152)  2025-07-19T23:22Z [---] followers, [--] engagements


"Also yes the fact that stake is tied up and therefore faces an opportunity cost is subsumed in our framework. As you noted if miners hold crypto then that crypto is "free" to be invested elsewhere and that is also consistent with our framework. The mining opportunity cost of capital comes from the hardware purchased by miners and not from crypto they may hold which can be invested elsewhere. Of course all this is another way of saying what I said earlier: a miner holding crypto is an endogenous choice and is not something that is necessary for mining"  
[X Link](https://x.com/cryptoeconprof/status/1946716161128780134)  2025-07-19T23:37Z [---] followers, [--] engagements


"In June we held a cryptoeconomics conference @NYUStern. Since the summer is winding down we are going to start releasing the videos. Here is @benediktbuenz @EspressoSys @nyuniversity explaining validity rollups ("zk rollups") to a room full of economists:"  
[X Link](https://x.com/cryptoeconprof/status/1950949801551450345)  2025-07-31T16:00Z [---] followers, [---] engagements


"Technology certainly has led to productivity improvements in the education sector. You can learn a lot just from online resources that did not exist decades ago. This of course has not led to a drop in college tuition though. The underlying problem is not that technology has not been effective. it's that employers rely too heavily on credentials and their networks. Everything technology touches collapses in price. @pmarca says thats why TVs video games basically anything with electronics in them keep getting cheaper while housing healthcare and education keep rising in price. "Technology"  
[X Link](https://x.com/cryptoeconprof/status/1953158938998022506)  2025-08-06T18:19Z [---] followers, [---] engagements


"This is the same guy who couldnt handle Excel but wants us to believe he understands blockchain 🤦♂: https://en.wikipedia.org/wiki/Growth_in_a_Time_of_Debt https://en.wikipedia.org/wiki/Growth_in_a_Time_of_Debt"  
[X Link](https://x.com/cryptoeconprof/status/1957884674237141061)  2025-08-19T19:17Z [---] followers, [----] engagements


"@malekanoms: you forgot perhaps his greatest genius feat He managed to get Algorand to pay him for economic advice: It takes a special kind of academic genius to: A)Make a bold prediction about Bitcoin B)Be wrong to the tune of two trillion dollars hundreds of millions of adherents half the worlds governments most of the worlds biggest payment companies asset managers and FinTechs not It takes a special kind of academic genius to: A)Make a bold prediction about Bitcoin B)Be wrong to the tune of two trillion dollars hundreds of millions of adherents half the worlds governments most of the"  
[X Link](https://x.com/cryptoeconprof/status/1957895326561448065)  2025-08-19T19:59Z [---] followers, [---] engagements


"@financeUTM @malekanoms To be clear I was not knocking Algorand. It does say something though that @krogoff was willing to get paid by a blockchain company. Moreover it's not clear Algorand got anything out of it"  
[X Link](https://x.com/cryptoeconprof/status/1957914849930891642)  2025-08-19T21:17Z [---] followers, [--] engagements


"I would certainly be interested in the opportunity to convince you that there's more to permissionless blockchains than your posts suggest and that there are potentially important welfare advantages from widespread usage of permissionless blockchains. I am not going to pretend that we would definitely agree at the end of any such conversation but this is because there are trade-offs involved. As an example many blockchain applications allege lower costs relative to TradFi applications. However whether this is due to the ability to design more effective mechanisms in the permissionless"  
[X Link](https://x.com/cryptoeconprof/status/1960470555934519315)  2025-08-26T22:32Z [---] followers, [---] engagements


"How do you enforce the commitment of the pricing and liquidity policies of an AMM A permissionless blockchain provides one such mechanism and has the advantage that we do not need to make many assumptions to study the associated implications. Specifically the smart contract code is well-defined whereas other forms of implementation may have ambiguities on outcomes and also credible commitment issues. Concretely you can always write a legal contract instead of a smart contract. The crucial point however is that we do not have good quantitative microeconomic models to study the implications of"  
[X Link](https://x.com/cryptoeconprof/status/1961106528250847577)  2025-08-28T16:40Z [---] followers, [--] engagements


"A permissionless blockchain offers some economic security guarantees related to its sibyl resistance mechanism In turn that mechanism plays a role in overcoming credible commitment issues. In the case of an AMM if the blockchain were perfectly secure that would ensure the smart-contract-coded pricing and liquidity provider pay-off structure. Although you could implement an AMM in another way you would nonetheless need a different method to ensure the AMM pricing and pay-off structures. I cannot personally think of a good alternative. With that said if you can show that AMMs would be more"  
[X Link](https://x.com/cryptoeconprof/status/1961114707256860797)  2025-08-28T17:12Z [---] followers, [--] engagements


"I don't generally think of cryptoassets in currency terms. I certainly do think blockchain has application in developed markets for payments but payments does not necessarily entail using a currency. Rather one can transfer value through any asset even one that is not a currency. In fact one of the nice things about blockchain is that it essentially enables an efficient implementation of barter as discussed by @camharvey in his book. As to whether this application fits within the category of "criminal" activity it depends on your precise definition. That is certainly there would be"  
[X Link](https://x.com/cryptoeconprof/status/1961451420680687767)  2025-08-29T15:30Z [---] followers, [---] engagements


"There are constraints involved in using permissionless blockchains and those constraints are more pressing in the case of say limit order books as opposed to AMMs. Ultimately there are many mechanisms that can be implemented on permissionless blockchains and in other settings and the question is the extent to which the blockchain implementation is closer to the idealized version relative to the best non-blockchain implementation. If the blockchain implementation is closer to the idealized version than anything else then I would classify the mechanism as within the scope of blockchain and"  
[X Link](https://x.com/cryptoeconprof/status/1961460861857354138)  2025-08-29T16:08Z [---] followers, [--] engagements


"I have no idea what you are saying in this post: - I legitimately don't know what you are referencing as my "first point" - You provide a quote about "promise keeping" that you attribute to me but I did not write that - The quote that I did write ("the extent to which.") is not an argument so I don't know what you mean by "you could argue this." I am just telling you how I like to frame "cryptoeconomics." It's a definition and I agree it's abstract but that doesn't make it ill-defined and it certainly doesn't make it internally inconsistent. - On b you are making assumptions about other"  
[X Link](https://x.com/cryptoeconprof/status/1961465197647851849)  2025-08-29T16:25Z [---] followers, [--] engagements


"I do not see how your comment responds to my first statement for several reasons: - I can make whatever arbitrary definitions that I want just as you can. Yes a definition can be inconsistent and that would be an objective problem. However just because a definition "seems to you to make no sense" does not make it inconsistent. You are conflating subjective opinions and definitions with logical inconsistencies. - More importantly I never said that I define DeFi by the extent to which commitment is important in a particular application. I said that given some rules that we want to implement we"  
[X Link](https://x.com/cryptoeconprof/status/1961471557949427721)  2025-08-29T16:50Z [---] followers, [--] engagements


"Do any digital wallets allow Alice to specify a payment where she pays asset X out of her wallet but Bob receives asset Y with this being executed by swapping Alice's asset X for asset Y through a DEX If not why not That would be a great feature for the @Uniswap wallet. @haydenzadams @xin__wan @BradBachu @cryptoeconprof @alz_zyd_ @dntse DeFi allows for efficient barter - but it is not quite barter. I am paying at a store. I choose to pay with tokenized gold. The store may not want gold but will take silver. Seamlessly my gold is DEXed for silver and the store gets their silver."  
[X Link](https://x.com/cryptoeconprof/status/1961509850770248158)  2025-08-29T19:22Z [---] followers, [---] engagements


"@BradBachu @Uniswap and I recently launched a new podcast on cryptoeconomics. The purpose is to provide context regarding recent crypto events with some rigor. Our first guest was @barnabemonnot @ethereumfndn who joined us to discuss the Ethereum Foundation reorg its priorities the pectra upgrade and whats next. 🧵coming with some highlights from the episode"  
[X Link](https://x.com/cryptoeconprof/status/1965471461755244844)  2025-09-09T17:44Z [---] followers, [----] engagements


"Ethereum Foundations reorg wasnt cosmetic it centered around three priorities: [--] Scaling Ethereum L1 [--] Scaling rollups (blobs) [--] UX + interoperability @barnabemonnot explains these priorities:"  
[X Link](https://x.com/cryptoeconprof/status/1965471834209746958)  2025-09-09T17:46Z [---] followers, [---] engagements


"Check out @MikeSeligEsq @SECGov in a fireside chat with @financeUTM @rotmanschool at the CBER Conference Thursday at @NYUStern 🚨 Register at https://www.eventbrite.com/e/5th-annual-cber-conference-nyu-stern-school-of-business-tickets-1323575091729aff=oddtdtcreator https://www.eventbrite.com/e/5th-annual-cber-conference-nyu-stern-school-of-business-tickets-1323575091729aff=oddtdtcreator https://www.eventbrite.com/e/5th-annual-cber-conference-nyu-stern-school-of-business-tickets-1323575091729aff=oddtdtcreator"  
[X Link](https://x.com/cryptoeconprof/status/1932784895702569331)  2025-06-11T13:00Z [---] followers, [----] engagements


". and your rebuttal to the academic work arguing that permissionless blockchains can be used to design mechanisms that enhance economic outcomes/ reduce transaction costs is Some examples: "We document absence of long-lived arbitrage opportunities and show conditions under which the AMM dominates a limit ordermarket." "Analyzing U.S. equity trading data we find that well-designed AMMs could save U.S. investors billions annually." @KatyaMalinova @financeUTM "when borrowers and lenders are fully informed about the state of the credit market then Decentralized Lending Protocols (DLPs) can"  
[X Link](https://x.com/cryptoeconprof/status/1981109431871164830)  2025-10-22T21:24Z [---] followers, [---] engagements


"American Bankers Association reacting to stablecoins: Just released - ABA and [--] state banking associations urge @USTreasury to uphold GENIUS Act's ban on stablecoin interest: https://t.co/2P2jelAuAg Just released - ABA and [--] state banking associations urge @USTreasury to uphold GENIUS Act's ban on stablecoin interest: https://t.co/2P2jelAuAg"  
[X Link](https://x.com/cryptoeconprof/status/1985826992563134883)  2025-11-04T21:50Z [---] followers, [---] engagements


"@Vandy_Takes CFP Committee: If you lose to Vanderbilt then you are no longer ranked. Also CFP Committee: We can't include Vanderbilt in the CFP because they did not beat any ranked teams"  
[X Link](https://x.com/cryptoeconprof/status/1998143055971733908)  2025-12-08T21:30Z [---] followers, [---] engagements


"@On3sports @CNBC The Crying Irish insist that the ranking is redone with them ranked first or else they will throw another tantrum"  
[X Link](https://x.com/cryptoeconprof/status/2002127577776066847)  2025-12-19T21:23Z [---] followers, 16.3K engagements


"@On3sports @RossDellenger So now Notre Dame just refuses to play any game that they might lose Given their schedule next year they don't deserve a CFP berth unless they end up undefeated"  
[X Link](https://x.com/cryptoeconprof/status/2003310369641762918)  2025-12-23T03:43Z [---] followers, [----] engagements


"@MattLeinartQB The Dallas Cowboys have won [--] Super Bowls but none since [----] several years after Notre Dame won its last national championship. Do you trust every decision Jerry Jones makes also Is it possible that organizations change over time and not always for the better"  
[X Link](https://x.com/cryptoeconprof/status/2003988041913016518)  2025-12-25T00:35Z [---] followers, 55.8K engagements


"@Devenport @CycloneLarry69 Invoking Nazi Germany is an appeal to raw emotion and a good sign that you lack a substantive argument. Anyway are you suggesting that teams pursuing Flowers are behaving immorally If so I think you might be taking sports too seriously"  
[X Link](https://x.com/cryptoeconprof/status/2005387205406253128)  2025-12-28T21:15Z [---] followers, [--] engagements


"This is a misframing of the literature. Much of the work on blockchain infrastructure and mechanisms formalizes aspects of the setting that generates welfare losses. For example generating settlement on a permissionless blockchain entails some difficulties not encountered in centralized settings due to the microeconomic incentives of those participating at the settlement layer. Similarly the open way in which transactions are processed through some blockchain networks creates the opportunity for those participating in the settlement layer to impose welfare losses on users. These are major"  
[X Link](https://x.com/cryptoeconprof/status/2007794233265041605)  2026-01-04T12:40Z [---] followers, [---] engagements


"There is a lot of discussion regarding tokenized real world assets among economists lately. Much of the discussion however overlooks that tokenized real world assets have to conform to some compliance restrictions and therefore are not likely to be fully permissionless. BlackRock's BUIDL comes up frequently in these discussions and most economists discuss the trading of BUIDL as though they are discussing an asset that can trade without restriction. That of course is complete nonsense. Here is a code chunk from BUIDL showing the restrictions: BUIDL restricts transfers so that it can be"  
[X Link](https://x.com/cryptoeconprof/status/2014713139556712887)  2026-01-23T14:53Z [---] followers, [----] engagements


"My co-authors @camharvey and I refined our analysis to address whether large trades alone can sustain L1 liquidity. The short answer is no: L1 DeFi activity is not sustainable in the long-run if the only difference between L1 and L2 is that L2 has better scale. To sustain L1 DeFi activity in the long-run the L1 needs some advantage such as better UX. Additionally the smaller the L1-L2 scale gap the smaller that non-scale advantage needs to be. Why are large traders not enough Well. even though large traders would send more volume to L1 if L1 had more liquidity we show that this situation"  
[X Link](https://x.com/cryptoeconprof/status/2016600363437048231)  2026-01-28T19:52Z [---] followers, [----] engagements


"How long until they create a token and we get our first AI-agent-led pump-and-dump @elonmusk With all the respect @moltbook is a complete ponzi scheme - more than [-------] of the AI Agents are fake most of the interactions are human-led. https://t.co/d63vGfEF5e @elonmusk With all the respect @moltbook is a complete ponzi scheme - more than [-------] of the AI Agents are fake most of the interactions are human-led. https://t.co/d63vGfEF5e"  
[X Link](https://x.com/cryptoeconprof/status/2017712038923981112)  2026-01-31T21:30Z [---] followers, [--] engagements


"This misses something important. The claim that DeFi "will save them money" treats cost as a property of the technology. But trading costs depend on adoption. Low liquidity provision means high trading costs which means low trading activity which undercuts the incentive to provide liquidity Without a deliberate push for adoption you get stuck in a low adoption equilibrium that's expensive for users. This is essentially what we have now where most of the world still has no idea about DeFi. TardFi understands that adoption matters. They'll build on weaker technology but still win if they"  
[X Link](https://x.com/cryptoeconprof/status/2018016228887904523)  2026-02-01T17:38Z [---] followers, [---] engagements


"It provides no assurances with no adoption. If there is no ETH staked then attacking Ethereum is cheap and settlement on Ethereum is not secure. High adoption is a sustainable and secure equilibrium but that does not preclude a low adoption equilibrium that is insecure for users and expensive for traders. Ethereum launched over a decade ago. It's still niche. A novel hook for Uniswap v4 won't change that. In contrast a concerted effort to gain adoption might because the economic value of the system will always be limited when the adoption levels are niche."  
[X Link](https://x.com/cryptoeconprof/status/2018020987543908763)  2026-02-01T17:57Z [---] followers, [--] engagements


"Nouriel buried this gem in his confused tirade: "Obviously short-term deposits don't pay interest because they are nearly equivalent to currency. Yet the crypto industry is pushing to allow interest payments for stablecoins directly or indirectly via exchanges which would undermine the foundations of the banking system that we all take for granted." This is bullshit on multiple levels. First demand deposits do pay interest. However banks pay depositors only a few bps while earning 3.5%+ risk-free on T-bills. The banks pocket the spread on depositor capital that isn't theirs capital that they"  
[X Link](https://x.com/cryptoeconprof/status/2019197187079475431)  2026-02-04T23:51Z [---] followers, [----] engagements


"Nouriel buried this gem deep into his confused tirade: "Obviously short-term deposits dont pay interest because they are nearly equivalent to currency. Yet the crypto industry is pushing to allow interest payments for stablecoins directly or indirectly via exchanges which would undermine the foundations of the banking system that we all take for granted." This is wrong on multiple levels. First demand deposits do pay interest. However banks pay depositors only a few bps while earning 3.5%+ risk-free on T-bills. The banks pocket the spread on depositer capital propped up by government support"  
[X Link](https://x.com/cryptoeconprof/status/2019199312199094656)  2026-02-05T00:00Z [---] followers, [---] engagements

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