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Giles Morris is a member of the Radix community who participates in the network's governance and writes about the ecosystem on a personal blog, where he also publishes financial modelling of the network's economics.

Radix Accountability Council

Morris was named among the nominees for the Radix Accountability Council (RAC) in the official consultation to establish the council. The RAC is a five-member, community-elected body – chosen by XRD holders through approval voting – that guides the transition from the Radix Foundation to the Radix DLT DAO, executing decisions made through on-ledger community consultations. Morris stood as a nominee rather than a seated member: the five founding seats went to other candidates, and the council's current membership is recorded on the RAC page.

Writing

He publishes a personal blog at gilesmorris.me, running since 2022 across health, society, markets and paragliding, with the Radix material collected under its Crypto$ category. His posts include first-hand accounts of using Radix DeFi, such as a walkthrough of his first decentralized-exchange swap on the network in October 2024.

Can an accounting dApp run on-ledger?

In April 2025 he put his own profession to the network in a two-part post asking whether double-entry bookkeeping – where every transaction is already two ledger entries – could be built as a full-stack Scrypto dApp. The obstacle he had hit on earlier chains was per-entry transaction fees, which had pushed him toward feeless designs; his argument for trying again was that a business already pays an annual licence for the accounting package the dApp would replace, so the fees are a substitution rather than a new cost.

The second part, published the next day, answers "yes, probably, but it will be very difficult to build" and shelves the project. Two problems are named concretely: multi-user access with per-account read/write permissions, expressible through roles, rules and badges but with as many permutations as the relational design it would replace; and the modelling question of how to represent a ledger in resources at all – whether account types become separate fungible tokens or non-fungible types, and whether a debit or credit is a mint-and-burn or a balance transfer. No follow-up has been published since.

Radix network economics model

In July 2026 Morris, a former accountant, published a budget model for the Radix network covering 2026–2030. It asks one question about the transition from the Radix Foundation to a community-governed DAO: assuming the Foundation treasury is zero, are XRD emissions on their own enough to cover the real US-dollar cost of running and developing the network. Rather than model validators and holders separately, it treats them as a single stakeholder group whose rewards have to clear those costs. After varying the assumptions his answer is "probably, yes".

The model is published in full rather than summarised – as a Google Sheet and a downloadable spreadsheet – so its assumptions can be changed and the forecast re-run. It arrives while the same question is live in governance: the validator subsidy is being sunset, and who pays for network operations after the Foundation is an open item rather than a settled one.

The two posts are the same question asked at two scales, fifteen months apart: in 2025 whether Radix can carry a business's books, and in 2026 whether emissions can carry the network's own.

Statistics

gilesmorris.meLast updated Aug 15, 2026v1.4.08 revisionsVerified Aug 15, 2026