(5/5) The token designer should be aware of significant innovations that have been made in financial tools and procedures, especially in the past 100 years. So investigating and understanding the history, mindset, and wisdom behind financial tools and procedures is essential
(1/5) #Tokenomics is usually perceived as an endeavor about how many tokens to create under what circumstances and pricing. I would suggest it’s better to call this token “accounting” or sometimes token “finance,” but not token “economics.”
If you are feeling bearish just listen to this @bankless podcast with Marc and Chris from a16z
Impossible to listen to this and not be bullish
https://t.co/DKXD15aNWL
@sariazout and I had so much fun talking to @skominers on "Tokens, But How?" Scott is a professor at Harvard Business School and as of recently a member of @a16z's crypto research team.
We pressed Scott on how builders might implement some of his research - highlights below!
Valuation = dealing with uncertainties + telling compelling stories
There is no "right" valuation. There is only less wrong ones.
https://t.co/qzj7gaK019
According to Vitalik, Soulbound tokens (SBTs) are “the future” of Ethereum.
Earlier this month, he co-authored a 37 page paper describing them and their role for Ethereum.
Here’s a TLDR…🧁
My column on why Bitcoin has failed as a medium of exchange and instead become a speculative financial asset with volatile prices as no clear anchor for its value. In @theinformation (alas, subscription required, but could be better investment than BTC) https://t.co/1YyonzkkMP
My article in this weekend's @PostOutlook Washington Post Outlook section on the ironic, dystopian legacy that Bitcoin might leave us with--even more govt and big business intrusiveness in our financial, economic, and even social lives https://t.co/RvN7gOtvvS
"It turns out that bitcoin is not [as] anonymous as had initially been assumed," Cornell Professor @EswarSPrasad says. "This is one good thing because it now turns out that bitcoin is being used much less for illicit transactions than [in] its earlier Wilder West days."
Otherwise, the usability and total value creation will be negatively affected. To sort the problems of data governance out, I think effective #DAO s and custodian services play an essential role
(2/2)
Regarding the impact of #decentralization on data governance and the economics of data, I argue that data in "most" services and platforms shouldn't be private property. In fact, it needs to be considered a public good (public in that context).
(1/2)
Although I have never been a #Bitcoin maximalist nor have a fanatical mindset about any crypto, I couldn't listen "impartially" to people criticizing #cryptocurrency.
In the fifth year of working on Blockchains, I could add more open-mindedness to my approach to crypto.
The difference between grit and forcing something is alignment.
Does pushing for that thing get you closer to your true self and goals for that version of yourself?
If yes, proceed.
If no, stop forcing it. Let it go.
There are no medals for succeeding but losing yourself.