exfucina

What comes out of the forge.

Essays on the questions I work on every day: how people and machines will coordinate, what trust costs when it can be verified, who owns the value of work, and what sovereignty means in an economy that no longer needs gatekeepers.

I lead Fucina Nexus Foundation, and I work with the ventures of the Fucina Nexus Program. Those are institutions with commitments. This is where I think in the open: the reasoning upstream of the work, argued at full length, signed by me, and dated.

Themes

Infrastructure and the convergence window

Why this decade is a rare opening to build new infrastructure, and how infrastructure that lasts actually gets built.

4 essays

  1. Who owns the stone?

    Harvesting a component is five agreements, and merging any two lets infrastructure rot.

The economy when agents read, buy and act

What happens to markets, advertising, security and care when software agents, rather than people, do the reading, buying and acting.

5 essays

Institutions rebuilt for delegation

How selection, competition, treasuries and governance change when the decisions made on other people's behalf can be checked.

4 essays

  1. The treasury paradox

    DeFi left its own treasuries idle and unhedged. The fix is a governance design.

From the workshop

Personal pieces on how this work began, and on finding others who had reached the same conclusions.

2 essays

How to read this collection

Every essay carries a status, a date and, where it has one, its origin.

Hypothesis
an argument I am still testing. Expect it to move.
Position
an argument I have tested against objections and hold.
Revised
changed since first publication; the note says what moved and when.

A status describes my confidence, and only mine. Nothing here commits the Foundation or any venture. Where an essay began as an earlier text, its own page says where and when.