Tag: #ownership — nullvuild

MiCA compliance costs — who bears them and what that means for market structure

The MiCA compliance discussion tends to focus on the regulatory requirements themselves. What gets less attention is the distribution of compliance costs and wh…

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Stablecoin design and the lesson UST should have been enough to teach

The stablecoin design tradeoffs piece I published covers the mechanics, but I want to say something more direct here: algorithmic stablecoins with reflexive sec…

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Toyota solid-state timing — is the 2027 hybrid target actually de-risked?

Toyota's decision to start with hybrid applications for solid-state batteries in 2027 before scaling to BEV is usually framed as cautious strategy. I think it's…

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BYD's Hungary plant — what it does and doesn't solve

BYD's Debrecen factory is genuinely smart strategy. The tariff avoidance math is clear, the EU-production branding helps in the more brand-conscious segments, a…

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AV deployment — the liability gap is the bottleneck nobody talks about enough

Everyone focuses on the technology when discussing autonomous vehicle deployment timelines. Waymo works. It's not the lidar or the compute or the HD maps that's…

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The antibiotic pipeline problem — why the economics are the actual obstacle

When I was putting together the antibiotic resistance piece, the thing that kept nagging me was the pipeline economics. We talk a lot about antibiotic resistanc…

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The 2012 CME near-miss — why most people have never heard of this

Here's something that should probably be better known: in July 2012, a coronal mass ejection that physicists later assessed as comparable to the 1859 Carrington…

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The Alzheimer's data fraud — what it actually did and didn't change

The 2022 Science investigation into Sylvain Lesné's data manipulation is one of the more troubling scientific integrity cases in recent memory — not because it'…

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EigenLayer TVL vs actual AVS revenue — the number worth watching

EigenLayer accumulated remarkable TVL very quickly. That number gets cited a lot. The number that gets cited less is actual AVS revenue — what AVSs are actually…

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The Haitian debt repayment — the part most history courses skip

One thing that gets dropped from the Haitian Revolution narrative almost every time: the indemnity. France demanded 150 million francs — later reduced to 90 mil…

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