# Chase Wang

> Chase Wang studies how institutions work and turns the judgment into tools. He writes about crypto market structure and token design, and builds open-source skills and tools with AI agents. Writing is in English and Chinese; each item keeps its own language.

This is the plain-text index of https://chasewang.me for AI agents and other programs. Every entry links to the original. The same data is available as JSON (see Machine-readable). Facts here come from the same files that build the site.

## Writing

Newest first. Each line: title, date, format, language, then every place it is published, then the summary.

- [当 AI 接管全球经济，美债会突然多出四条逃生通道吗？](https://chasewang.me/writings/ai-agents-stablecoins-us-debt/): 2026-09-01 · Analysis · zh · also: [Substack (zh)](https://chasewang2026.substack.com/p/ai-agents-stablecoins-us-debt). 在技术与宏观金融的交叉讨论中，一种推演广为流传：随着自主智能体普及，机器间毫秒级微支付与合规稳定币将带来庞大的美元短期国债配置需求，承接联邦政府举债压力，在链上结算中化解主权债务困局。
- [Arc 这次更像一张待验货的三层分工图](https://chasewang.me/writings/arc/): 2026-08-23 · Analysis · X Article · zh · also: [X (zh)](https://x.com/ChaseWang/status/2091360293163016402). Circle 把 Arc public mainnet 的时间点指向 September 16, 2026，并把 BlackRock、Visa、Mastercard、DTCC、ICE 等名字放进 founding validators。同一条披露里，Aave、Morpho、Uniswap 也容易被读成同一张名单。我现在更愿意先把它当成一张还没完成验货的机构结算分工图：有些名字对应网络验证，有些对应资产与清算接口，有些只是应用和流动性出口。这个边界来自 Circle 的公告、外部报道和技术文档；它能支持 pre-launch 的结构判断，还不能支持 launch-day live status 或每个 partner 已经执行完成的结论。
- [如果 Agent 可以花钱，真正难的可能是谁允许它花](https://chasewang.me/writings/agent/): 2026-08-20 · Analysis · X Article · zh · also: [X (zh)](https://x.com/ChaseWang/status/2090273928060998060). Brian Armstrong 在 AiFi 相关帖文 里主张：agent 需要可编程、全球、即时、低费用的钱，并把 crypto 框成 AiFi，也就是 agentic finance 的货币。我把这句话和 Coinbase x402、Google AP2、Visa 以及几篇独立分析放在一起看后，更愿意把结论先收窄：公开材料支持的不是“crypto 已经证明自己会成为 AiFi 的钱”，而是 crypto 可能成为 agentic finance 的结算层，尤其适合机器可读、低风险、即时交付的数字资源。一旦 agent 真的能花钱，后面更难的产品面大概率会落到授权、限额、身份、审计、撤销、退款、争议与责任归属。
- [Crypto 重大刑事、民事事件与 BTC（2013–2026）: 74 个案件、判决与线下暴力节点，拆开价格冲击、制度边界和个人安全](https://chasewang.me/research/crypto-crime-timeline/): 2026-08-10 · Research · Data study · zh · also: [X (zh)](https://x.com/ChaseWang/status/2086757945337901517). 一份有来源、可复现的 Crypto 风险时间轴：49 个刑事与司法节点、13 个民事与监管节点、12 个线下暴力或可疑死亡节点，并用 BTC 的 1、7、30 日事件窗口区分真正的提款与信用冲击。结论不是“执法等于利空”，而是可提现性、资产负债表和核心基础设施是否突然失效。
- [Crypto 的刑事风险，已经从 K 线走到家门口](https://chasewang.me/writings/crypto-k/): 2026-08-10 · Analysis · X Article · zh · also: [X (zh)](https://x.com/ChaseWang/status/2086757945337901517); [Substack (zh)](https://chasewang2026.substack.com/p/crypto-k). 我把 2013 至 2026 年 74 个重大 Crypto 刑事、民事、政策和线下暴力节点放进一张 BTC 时间轴。第一眼最反直觉：执法消息通常没把 BTC 砸下去，真正的大跌几乎都发生在提款、资产负债表或核心基础设施突然失效的时候。
- [AI 泡沫焦虑，可能走向 BTC 的流动性交易](https://chasewang.me/writings/ai-btc/): 2026-08-09 · Analysis · X Article · zh · also: [X (zh)](https://x.com/ChaseWang/status/2086302763164516555); [Substack (zh)](https://chasewang2026.substack.com/p/ai-btc). AI bubble 以前，市场更多是在问 equity 问题：AI 股票贵不贵，earnings 能不能追上，capex 会不会压低利润率。Hayes 在 Situationship 里换了一个角度。他没有沿着普通的 2000-style earnings story 往下讲，而是把注意力放到 credit-financed infrastructure cycle 上，甚至推到 2008-style credit story，并给出 BTC 到 $1 million 的预测。
- [AI Workflow: Practitioner's Field Map: What survives daily use](https://chasewang.me/landscape): 2026-05-23 · Research · Field map · en · also: [GitHub (en)](https://github.com/ckpxgfnksd-max/landscape-ai-workflow). Thirty-six entries across six clusters, six active debates, and a source-backed map of the practices that turn one-off AI sessions into systems that compound.
- [The Three-Body Problem of Crypto Dominance: Market share, industry growth, public goods — you only get two.](https://chasewang.me/essay-three-body): 2026-04-21 · Essay · en · also: [X (zh)](https://x.com/ChaseWang/status/2046608460830105710); [Substack (en)](https://chasewang2026.substack.com/p/the-three-body-problem-of-crypto). Two thousand years after the Discourses on Salt and Iron, crypto's leading firms are replaying the same argument. Across stablecoins (USDT/USDC), exchanges (Binance/Coinbase) and L1s (BTC/ETH), the pattern is identical: every category has a low-public-goods leader and a high-public-goods number-two, coexisting for a decade. Neither escapes the triangle — they've just picked different pairs of vertices.
- [从公地悲剧到算力美元：币圈的救赎之路？: 续《币圈是一个没有央行的阿根廷》](https://chasewang.me/writings/from-tragedy-of-commons-to-compute-dollar/): 2026-03-22 · Essay · zh · also: [X (zh)](https://x.com/ChaseWang/status/2035850816876097768). Crypto 的结构性出路只有两条：被纳入一个有最终贷款人的体系，或自身形成良性的资本循环。两条路有一条走通就行——最好两条都走。从韩国 1997 年到欧洲美元市场，再到正在到来的「石油 + 算力美元」，这是一份关于行业制度化与算力经济的乐观长文。
- [Everyone Is Doing the Right Thing. But The Industry Is Dying.: Crypto's Fallacy of Composition](https://chasewang.me/writings/fallacy-of-composition/): 2026-03-15 · Essay · en · also: [Substack (en)](https://chasewang2026.substack.com/p/everyone-is-doing-the-right-thing); [X (zh)](https://x.com/ChaseWang/status/2033309796141551870). Ask anyone in crypto whether they've done anything wrong. The answer, almost universally, is no. Project teams unlocked tokens on schedule per the whitepaper. VCs took early risk and exited. Market makers provided liquidity. KOLs shared views. Retail followed signals. Every participant has a point. Yet the industry has become what it is today.
- [AI is here. And who am I now?: A letter with resolution. First chapter has all the questions/prompt that you could discuss with your agent to have your own answer.](https://chasewang.me/writings/ai-is-here-who-am-i/): 2026-03-08 · Essay · en · also: [Substack (en)](https://chasewang2026.substack.com/p/ai-is-here-and-who-am-i-nowai). You’re a second-year student sitting in a lecture hall, half-listening to a professor explain something you already watched a chatbot summarize in twelve seconds. You’re thinking: Why am I here? Why am I paying for this? If AI already knows everything in this textbook, what exactly am I building toward?
- [When the Machine Outruns the Social Contract: AI, inequality, and the recurring pattern in which productivity leaps destabilize nations faster than institutions can adapt.](https://chasewang.me/writings/machine-outruns-social-contract/): 2026-02-28 · Essay · en · also: [Substack (en)](https://chasewang2026.substack.com/p/when-the-machine-outruns-the-social). Here is a claim that can be tested against data: when a productivity leap concentrates economic gains faster than a society's institutions can redistribute them, the resulting pressure creates conditions under which political instability becomes significantly more likely. This is not a prediction of war.
- [What if Buffett Could Live for 9,000 Years?!: A thought on valuation model for post-AI era](https://chasewang.me/writings/buffett-9000-years/): 2026-02-22 · Essay · en · also: [Substack (en)](https://chasewang2026.substack.com/p/what-if-buffett-could-live-for-9000). Standard valuation benchmarks—GDP, P/E multiples, and Yield—are the industry’s lingua franca. While ubiquitously adopted, they are rarely scrutinized through a First Principles lens.
- [What Is a Crypto-Body?: Rethinking the Role of the Blockchain Ledger](https://chasewang.me/paper): 2025 · Research · Paper · en · also: [Academia (en)](https://www.academia.edu/143701755/What_Is_a_Crypto_Body_Rethinking_the_Role_of_the_Blockchain_Ledger); [PDF (en)](https://chasewang.me/assets/paper/crypto-body.pdf). A blockchain can be more than a payment rail. This paper proposes five criteria for when a ledger becomes a programmable institutional substrate, then examines Ethereum as the most complete current specimen.

## Work

- [CBTI, the Crypto Behavioral Type Indicator](https://cbti.club/): a crypto personality test, 30 questions, 24 personas. [Source on GitHub](https://github.com/ckpxgfnksd-max/cbti-club)
- [map-product-decisions-skill](https://github.com/ckpxgfnksd-max/map-product-decisions-skill): Codex skill for turning complex product and architecture discussions into interactive HTML decision maps. (JavaScript)
- [tls](https://github.com/ckpxgfnksd-max/tls): Token Launch Stack — advisory skills for founders evaluating token launches
- [buffett-says-skill](https://github.com/ckpxgfnksd-max/buffett-says-skill): Claude Code skill: answer 'What does Buffett say about X' with verbatim quotes from his shareholder letters (1956–2024). 98 letters + 117 entity pages + 5,659 cross-reference edges, all bundled. (Python)
- [uap-release-analyzer](https://github.com/ckpxgfnksd-max/uap-release-analyzer): A Claude skill for analyzing tranches of declassified UAP/UFO documents (war.gov PURSUE, FBI Vault, NARA, AARO). Inventory + text extraction + entity surfacing + standardized 11-section REPORT.md. (Python)
- [uap-release-02](https://github.com/ckpxgfnksd-max/uap-release-02): war.gov UAP/UFO mirror, part 2 (from the 2026-09-18 tranche). Continues uap-release-01, whose LFS budget is full. (Python)
- [xu-reliability-design](https://github.com/ckpxgfnksd-max/xu-reliability-design): Evidence-backed reliability and system-design review synthesized from Tianyin Xu's research.
- [opc-founder-tax-planner](https://github.com/ckpxgfnksd-max/opc-founder-tax-planner): Interactive tax-residency, company-structure and exit scenario planner for OPC and software founders. (HTML)
- [landscape-ai-workflow](https://github.com/ckpxgfnksd-max/landscape-ai-workflow): Field map of what survives daily AI-workflow use — 36 entries, 6 active debates. Cbti.club visual language. (HTML)
- [uap-release-01](https://github.com/ckpxgfnksd-max/uap-release-01): dataset. war.gov UAP/UFO mirror, part 1 (frozen at the 2026-08-07 tranche, 382 files). Continues in uap-release-02.

## Pages

- [Home](https://chasewang.me/): overview, selected research, recent writing, tools
- [Writing](https://chasewang.me/writing): every piece, grouped as Research, Analysis, Essays
- [Work](https://chasewang.me/work): product, all original public repositories, datasets
- [About](https://chasewang.me/about): directions and where the work is published
- [The Three-Body Problem of Crypto Dominance](https://chasewang.me/essay-three-body): full text on this site
- [AI Workflow · Practitioner's Field Map](https://chasewang.me/landscape): full text on this site
- [What Is a Crypto-Body?](https://chasewang.me/paper): full text on this site
- [Crypto 重大刑事 / 民事事件、线下暴力与 BTC（2013–2026）](https://chasewang.me/research/crypto-crime-timeline/): full text on this site
- [如果 Agent 可以花钱，真正难的可能是谁允许它花](https://chasewang.me/writings/agent/): full text on this site
- [当 AI 接管全球经济，美债会突然多出四条逃生通道吗？](https://chasewang.me/writings/ai-agents-stablecoins-us-debt/): full text on this site
- [AI 泡沫焦虑，可能走向 BTC 的流动性交易](https://chasewang.me/writings/ai-btc/): full text on this site
- [AI is here. And who am I now?](https://chasewang.me/writings/ai-is-here-who-am-i/): full text on this site
- [Arc 这次更像一张待验货的三层分工图](https://chasewang.me/writings/arc/): full text on this site
- [What if Buffett Could Live for 9,000 Years?!](https://chasewang.me/writings/buffett-9000-years/): full text on this site
- [Crypto 的刑事风险，已经从 K 线走到家门口](https://chasewang.me/writings/crypto-k/): full text on this site
- [Everyone Is Doing the Right Thing. But The Industry Is Dying.](https://chasewang.me/writings/fallacy-of-composition/): full text on this site
- [从公地悲剧到算力美元：币圈的救赎之路？](https://chasewang.me/writings/from-tragedy-of-commons-to-compute-dollar/): full text on this site
- [When the Machine Outruns the Social Contract](https://chasewang.me/writings/machine-outruns-social-contract/): full text on this site

## Machine-readable

- [Writing manifest (JSON)](https://chasewang.me/writings/index.json): every writing item with all channels and languages
- [Repositories (JSON)](https://chasewang.me/projects/index.json): public GitHub repositories with descriptions, languages, stars
- [JSON Feed](https://chasewang.me/feed.json) and [Atom feed](https://chasewang.me/feed.xml): writing, newest first
- [Sitemap](https://chasewang.me/sitemap.xml)

## Elsewhere

- [X](https://x.com/ChaseWang)
- [GitHub](https://github.com/ckpxgfnksd-max)
- [Substack](https://chasewang2026.substack.com/)
- [Academia](https://www.academia.edu/143701755/What_Is_a_Crypto_Body_Rethinking_the_Role_of_the_Blockchain_Ledger)

## Optional

- [Full text](https://chasewang.me/llms-full.txt): this index followed by the complete text of the long-form pieces hosted on this site