Monero is trading below its own production cost right now. Here's the full math.
a full production cost analysis across 5 hardware setups and 10 countries. i calculated electricity costs, hardware depreciation, break-even prices at different network difficulties, and tested the "floor price" thesis that some people use to value Monero. i wanted to know whether mining economics actually support a minimum price or if that's just something people say. the conclusion surprised me and it seems like it surprised a lot of readers too, people in the community called it one of the best articles they'd read about Monero.
[read on twitter >>]What happens when you remove a crypto asset from major exchange? The Monero Experiment
a complete data analysis of what happened to Monero after Binance, HTX, OKX and other major exchanges dropped it. i looked at price action, on-chain transaction volume, new wallet creation, hashrate trends, and community growth metrics before and after the delistings. the data shows something interesting about what happens when you remove speculative traders from the equation and keep the people who use Monero for what it was designed for. the organic demand thesis held up better than i expected.
[read on twitter >>]Who actually guards Monero? An analysis of the human layer
an honest security audit of Monero's governance and code review process. i examined the full pipeline from proposal to merge, the CCS funding mechanism and its history, the CryptoNote inflation bug that existed undetected for years, the CCS hack where community funds were stolen, and the broader question of how a privacy-focused project balances decentralization with the coordination needed to ship updates. i tried to be fair about both the real strengths of the review process and the actual vulnerabilities that exist. writing this one forced me to sit with some uncomfortable questions about a project i care about.
[read on twitter >>]