Author

Daniel Hong

Long-time fan of cryptography and novel incentive structures

Dec 17, 2025 16 min read Free

Why Stablecoins Fail

Stablecoins are having a moment. You can send money anywhere in the world in a few milliseconds with a single click. You can hold something like U.S. dollars even in environments where access to foreign currency is heavily controlled—effectively hedging your currency risk. And because this all lives

Jun 18, 2025 18 min read Free

Interplanetary payments and an interplanetary Internet: paying someone in Mars, Jupiter, and beyond

Nontrivial asynchronicity, liveness, and why absolute finality no longer makes sense – a new design proposal for the Internet

May 25, 2025 9 min read Free

Eat your own coins

The concept of "dogfooding", or "eating your own dog food", is often considered as one of the most fundamental principles of software development and most software-based businesses. At first glance, it is fairly intuitive why this makes sense. If whoever building a software product is not

Feb 19, 2025 7 min read Free

Admitting failure; moving on

For the past 10+ years, my "secret sauce" for growth was self-torture. I have continuously pushed myself beyond what I am actually capable of at the time. That included brainwashing, and lying to, myself into believing I am talented at all fields; setting insanely high bars to meet;

Jun 10, 2023 13 min read Free

Thoughts on The Three Transitions

Why fat protocols failed and how we can enforce openness without going against market dynamics

Apr 17, 2023 16 min read Free

Logic is fictional

A thesis on how human thinking and collaboration should move forward

Apr 03, 2022 5 min read Free

Introducing the Margo Commune

Legal engineering for border-less organizations.

Mar 25, 2022 6 min read Free

Fixing the Anchor Rate

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