Can someone explain this? How can you be charged for the "knowing transmission of illicit proceeds" without actually doing money transmission? cc @m_mosier_ @zackbshapiro

This was a fun UROP project analyzing CoinJoins on Bitcoin! With Alicia Lin, @IshaanaMisra, and @MadarsV

This was a fun UROP project analyzing CoinJoins on Bitcoin. With Alicia Liu, @IshaanaMisra, and @MadarsV

An explainer on the two-tier redemption model with stablecoins, which some people seem to miss. Means liquidity and access matter a lot for par-value exchange. Written with @Ashwanth_Samuel and @danaronoff, and previewing work coming out later this year.

How much of the outstanding USDC supply is currently custodied by Coinbase, held in Coinbase wallets, or held on Base?

There are a lot of posts on Ark, a Bitcoin scaling solution, but I couldn't understand them so I wrote my own. Includes: - Breakdown of the protocol - Comparisons to Lightning and rollups - How it benefits from CTV and CSFS (reduced interactivity)

"If what we have in 50 years is the New York Fed Bitcoin vault, but users can’t easily and safely self-custody—we failed." Post reflecting on 10 years of @MITDCI:

I had a chance to sit down with Neha Narula (@neha) at @MITBitcoinClub's Bitcoin Expo. We talked about the history of the Digital Currency Initiative under the MIT Media Lab, and the role of academia in general in Bitcoin research and development. Find the interview below:

WE GET DISTRACTED BY CEOs OF $10T ASSET MANAGERS SAYING BITCOIN ON CNBC. OR OTHER BILLIONAIRES TAKING ON DEBT TO HOARD A BUNCH OF BITCOIN. OR NATION STATE STRATEGIC RESERVES. WE THINK THAT, THAT MEANS PROGRESS. BUT THAT IS NOT PROGRESS. THOSE ARE SECOND ORDER EFFECTS OF PROGRESS. FIRST ORDER PROGRESS IS AND ALWAYS WAS USERS PROVIDING REAL VALUE TO REAL PEOPLE. Profound statement by @neha in her Keynote at the MIT Bitcoin Expo. @MITBitcoinClub