About this paper

Most of what I build starts as a question I can't answer from the outside. Does owning mining equipment in this game actually pay? How many wallets on this launchpad are distinct people? The only honest way to find out is to index the chain yourself and look, so that's usually where the project starts — and the product tends to fall out of the dataset rather than the other way round.

That means I spend real time on the unglamorous half. Indexers that stay up. MongoDB collections with indexes designed for the queries that will actually run against them. Contracts with test suites that pass before anything touches mainnet. Then the interesting half: wallet clustering, emission reconstruction, order-book signal work, and the writing-up that makes any of it mean something to somebody else.

The research pieces on this site come from the same impulse pointed at the news instead of a chain. Something looks load-bearing, so I go pull on it, check the claims against each other, and draw what I find.