To recap the year Tony Sheng takes a look at eight frameworks for making sense of confusing topics in crypto. Included are frameworks that weigh the benefits of using largely inefficient blockchains and how the ethos of the small group using these networks allows them to realize higher perceived benefits. To understand price Sheng looks at the narrative bubble loop and how crypto markets are the perfect place for bubbles to form while speculators end up converting to users whenever a bubble bursts. On the project side strategy plays an important role and frameworks for competitive moats and a solid understanding of incumbents are important. Finally, Sheng examines how individuals impact networks and how a framework for decision making can help prioritize important decisions for anyone.