Aka What Is “Decentralization”, And Why Does It Matter? The idea of decentralization is critical to the blockchain space, but it’s often misunderstood, simplified, or used out of context. Counter-intuitively, an over-emphasis on decentralization can even be harmful for DeFi — though there are far more cases of centralization causing problems. What Is Decentralization? First of all, here’s a working definition of…

The News From Planet Ruby — Friday, May 5, 2023 An internal conflict within the decentralized faction on Planet Earth is distracting them from their rebellion against the dollar. A number of followers of the orange canine have defected and are now worshiping a frog. …

The News From Planet Ruby — Friday, May 5, 2023 An internal conflict within the decentralized faction on Planet Earth is distracting them from their rebellion against the dollar. A number of followers of the orange canine have defected and are now worshiping a frog. …

A recent series of exploits have seen over 5,000 ETH drained from wallets by unknown means. While this is a worrying development, 5,000 ETH (currently around $10 million) is a drop in the ocean of crypto hacks and scams, through which users lose billions of dollars of digital tokens every…

The News From Planet Ruby — Friday, April 28, 2023 Some of the Earth apes are at last showing signs of enlightenment and compromise, with one major economic bloc reaching a tentative understanding between the centralized and decentralized factions. We expect other blocs to follow shortly. However, the Hegemon is digging in, entrenching its position and giving no quarter. Our…

The News From Planet Ruby — Friday, April 21, 2023 There is hope yet for the apes. A subsection of this submissive and easily-distracted species have evolved backbones and are marshaling forces against their oppressors: A cabal of powerful elites who have imposed their religion, the worship of the “dollar”, across their planet. The priesthood of this elite, however, will…

TL;DR blockchains are independent and siloed by design, but frictionless cross-chain communication is vital for sharing liquidity and services across the Web3 ecosystem. Not good. Overnight there’s been an outbreak of COVID-26 in a neighboring building. Your own apartment block is now sealed off, buying you a few hours to…

The News From Planet Ruby — Thursday, April 6, 2023 The Earth apes are rallying to their temple to make sacrifices to their primary deity. They practice a form of totemic religion in which their god, the “Dollar”, is both all-powerful but paradoxically must also be protected from the destructive forces of the market. …

It seems hard to believe that 2023 is already three months old. A lot has happened since the end of last year dragged around, the crypto sector bruised and bloodied from a brutal 12-month bear market. Now, though, the picture is much brighter. Still mixed, for sure; old problems remain…