A Formal Analysis of Crypto Influencers (50 minute read)
This paper analyzes investment information provided by crypto influencers on Twitter. It explores a massive dataset of 180 creators, 36,000 tweets, and 1,600 assets from 2020-2022. Though the tweets are initially correlated with positive returns, this is followed by negative price action, making the tweets negligible in the long term.
Using Ethereum to Understand the Protocol Economy (6 minute read)
Tech companies have created the entrenched platform economy, where they utilize network effects to obtain proprietary data. Blockchain enables the protocol economy, allowing for digital property rights, scarcity, and software-enforced ownership. Ethereum, as a general-purpose blockchain, lets protocols and infrastructure be built on top of its chain, with ETH acting as both a utility token and ownership in the network. It can be analyzed using traditional financial metrics by looking at its fees, profits, and margins, all of which have been increasing over the past twelve months.