Token Kitchen

We research, write & publish on Web3 & other future technologies, more specifically on the intersection of blockchains, tokens & AI with a sustainability aspect

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

After 10 years and 3 editions, I want to transfer the IP of Token Economy to a partner who can steward this body of knowledge into the next era.

The need for structured, high-quality training data for educational LLMs is greater than ever, and the crypto industry moves too fast for physical books to stay up to date long enough.

Current AI models are often superficial on complex topics and struggle with educational logic, lacking the structured ontological ground truth required for deep, accurate learning. Token Economy is a complete, structured body of work built over ten years, providing that foundational dataset.

I am exploring two specific paths:

🤖 Traning data:
Selling the rights as a structured dataset to fine-tune AI models, or to power Crypto/Web3 education providers and protocols.

🧑‍🎓 Donating or licensing
the rights to a University, NGO, or DAO with a compelling plan to maintain it as a public good (there needs to be some proof that you will follow through on the plan)

If you are building the future of AI learning or crypto education and see the value in this foundational dataset, my DMs are open for serious inquiries.

@mZargham @ameensol @vkalinoff @tokenkitchen @sebnem @BinanceAcademy @CoinDesk @coincenter @Bankless

[MoneyPatterns @MoneyPatternsHQ]

This account, once @token3conomy, is now @MoneyPatternsHQ.
Why? I spent 10 years writing about crypto—only to realize how little we know about money. Yet here we are, trying to reinvent the wheel on crypto rails 👇

https://t.co/uaO4ZVJlDC

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

I just published #TheBitcoinBook. It distills the Bitcoin-related chapters from the third edition of Token Economy into a compact and focused standalone volume. The book caters to all those who want to understand #Bitcoin on its own terms, without the noise of the broader crypto ecosystem.

Why publish a separate Bitcoin book?

Over the years, I’ve received countless interview requests—almost always triggered by Bitcoin’s price swings. The question was rarely about Bitcoin’s function & implications. Instead, it was always:
* Is it real money?
* Does it have value?
* Should we invest?
Whenever I tried to explain the deeper implications, attention would drift.

But Bitcoin was never meant to be an object of speculation. There is so much misinformation, retroactive propaganda and one sided takes.

Born on the heels of the global financial crisis in 2008, Bitcoin was a direct response to broken institutions and opaque systems of control. What began as an experiment in P2P electronic cash became a global phenomenon—challenging how many think about money, power, and digital sovereignty.

Unfortunately, however, fifteen years after its inception, the reality of the Bitcoin ecosystem and usage is a far cry from its original ideals:
* Bitcoin as become digital gold, rather than digital cash
* It's practically not P2P anymore as most Bitcoin owners don’t control their own wallets or private keys.
* Exchanges have become the new banks of Web3.
* Reintermediation is everywhere, even though disintermediation was the goal.
* Power is concentrated around code contributions, mining infrastructure & other gatekeeping institutions that were never supposed to exist.
* Politics have taken over protocol upgrades, and
* What was meant to disrupt surveillance capitalism risks becoming part of its machinery.

That is, unless we pay attention.

If you already own the 3rd edition of Token Economy, you won’t need this book.
If you read the 1st or 2nd edition, you might, as the latest edition goes much deeper into Bitcoin’s evolution and its divergence from the ideals it was built on.

Feel free to share this with anyone curious about Bitcoin beyond the headlines.
More info in link below 👇

[Matt Hougan @Matt_Hougan]

Folks need to stop making careless comparisons between stablecoins and the “free-banking era” of the 1830s.

In the free-banking era, local banks were able to issue notes in far-flung territories of the United States. They ran into trouble when the notes were backed by weak collateral, like low-grade railroad bonds and remote land bonds.

The system was drastically inefficient, in part because redemptions required you to physically return to the local bank. This meant some notes traded at steep discounts depending on their distance from the issuing point, and merchants needed to maintain giant books of reference pricing across thousands of non-standardized individual notes.

None of these things apply to stablecoins. In the Genius Act, there are strict limits on the assets they hold, redemptions can be made daily from anywhere, and stablecoin prices will trade on exchanges allowing instant convertibility and price discovery. State-regulated stablecoins are size limited ($10b cap), which means they’ll be a vanishing fraction of the market, and are generally subject to the same asset holding and redemption provisions as the federally regulated stablecoins that will make up 95%+ of the market.

I like analogies. They can be helpful in understanding things. But they have to be reasonable. Comparisons to the free-banking era -- which started 188 years ago, when letters moved on horseback and Samuel Morse was still tinkering with the telegraph in the lab -- are not reasonable.

[Stripe @stripe]

Introducing Stablecoin Financial Accounts. Hold a stablecoin balance. Send and receive funds with fiat and crypto rails. Accessible from 101 countries: https://t.co/yXtE9cdeaz.

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

🧵 The 3rd edition of @token3conomy is out! This marks the end of a 10 year journey that began back in Berlin when the crypto community was still small. and everyone was trying to find words to describe this new, abstract Internet. Read more below 👇

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

The turkish translation of the Book MONEY, NFTs & DEFI of the @token3conomy series is out, and the next one is already being translated. Thank you @EtherKitap for the good collaboration! @tokenkitchen

[sabinedewitte 🍾 @sabinedewitte]

While I’m taking a little ‘work in crypto break’ I finally took the time to catch up on these books by ⁦@sherminvo⁩ ⁦@tokenkitchen⁩ - if you want to understand DAO’s, tokens, money, #defi and nft’s, these books are a great starting point.
#dyor #cryptoeducation

[GraphOps | graphops.eth @graphopsxyz]

🔊 Don't miss @grt_iq Ep 167 featuring @sherminvo author of the best-selling book @token3conomy & founder of @tokenkitchen.

https://t.co/EurdG2AQB8

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

If you have been following me, you will very likely be interested in @tokengineering academy. Read more about their #StudySason, #FellowshipProgram, #ProofOfKnowledge, #ETHCCtrack and #TokenEngineeringReads:

@akrtws @Kaidlyne_Neukam
https://t.co/44spN5IOCu

[Token Engineering Academy @tokengineering]

Track 5:  Bonus Tracks from Fellowship Candidates!

Additional tracks will be run by our Fellowship Candidates. The good news is: there's still time to apply!

‼️ Application Deadline: April 18, 23:59 UTC
📨 Decisions made: April 22

➡️ Apply now: https://t.co/Q16eL6Jydg.

[Token Engineering Academy @tokengineering]

Track 2: The Anatomy of a $7.6B Decentralized AI Token Merge

🎙️ @trentmc0, Founder of @oceanprotocol

March 27, 2024, was momentous: @Fetch_ai, @oceanprotocol, and @SingularityNET announced that they would unite to create the Artificial Superintelligence (ASI) Alliance with a unified token symbol $ASI. The projects' combined value was $7.6 billion.

Why merge tokens? How does each project maintain flexibility subject to a shared-token incentive? What alternatives were considered? What are the specific mechanics of the token merge? The projects had different token governance approaches; how were these reconciled? What might the future hold? This talk aims to answer these questions from a #TokenEngineering perspective. It is a unique opportunity for crypto founders as well as token engineers to gain first-hand insights into managing a token network throughout its lifecycle.

➡️ Register now: https://t.co/SahgbNG4pG

[Token Engineering Academy @tokengineering]

Track 1: Token Design Thinking Framework: A Structured Approach for Crypto Founders, Protocol Designers, and Token Engineers

🎙️ @sherminvo, Founder of @tokenkitchen

With her new book, “DAOs and Purpose-Driven Tokens”, @sherminvo presents a design thinking framework for token engineers. Based on analyzing numerous token systems, this framework provides a systematic approach for specifying a token network. Shermin will explore this framework over 4 sessions.

This track will start with an overview of the concept and potential of #Web3 Tokens and define the discipline of #TokenEngineering - comparing and explaining it in the context of other existing terms such as token economics, #cryptoeconomics, cryptogovernance, etc.

Based on two case studies, P2P money & payment network (Bitcoin) and P2P stable token (DAI/@MakerDAO), we’ll explore the purpose and principles of a token network, the functions to be fulfilled, the necessary types of tokens, the properties of all token types, and the stakeholders involved. Finally, we’ll analyze the power structure that can arise between the different stakeholders over time.

This course is perfect for students who want to expand their knowledge of token design and system requirements. If you have a product design or business modelling background, this course is perfect for you. It’s also a great fit for founders looking for tools to specify the token system they envision and streamline collaboration with lawyers, investors, algorithm designers, mathematicians, and smart contract developers.

➡️ Register now: https://t.co/SahgbNG4pG

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

Bitcoins PoW represents a new form of capital-driven "commOnism" which allows anonymous network actors to collectively maintain a public payment infrastructure in the absence of intermediarier, rewarding them with newly minted BTC upon PoW.
Read more:
https://t.co/Ij8gFjLVAh

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

The crypto community uses many terms to describe the discipline of designing token systems:
#cryptoeconomics #cryptogovernance #tokeneconomics or #tokenengineering. In this post I outline the history of the terms & explain how they are related: https://t.co/sdy7WScG5o

[Agustina Perez Comenale @PerezComenale]

RWA- Real World Asset
Tokenizacion de activos o bienes del mundo real ⬇️
Considerar la regulación específica sobre esto en el MICA/MICAR y la nueva implementacion en
Plataformas ⛓️ @sherminvo

https://t.co/GloUxWzg28

[Lefteris Karapetsas @LefterisJP]

If you have onchain DAO voting on mainnet and you don't at least compensate gas for your DAO voters don't wonder why your DAO can't reach quorum

$30-$50 to vote for a DAO is kind of a big ask

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

How decentalized is Bitcoin? According to GitHub commits, only around 300 protocol devs are more or less actively contributing to BIPs. Given a global population of several billion who can use this infrastructure, inclusion/decentralization of policymaking is a shallow phrase. This puts a lot of policymaking power in the hands of this small group of “techno-priests,” at least until coding skills, higher mathematical skills and financial market know-how are taught across schools globally, so that real inclusion in policymaking is not only a shallow narrative. An index for comprehensibility of the code would be necessary to measure the actual level of political inclusion. Read more here: https://t.co/Z8YQyJev1H

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

What was Bitcoins purpose & where we are today? In the light of #BTC all time highs & #faketoshi /#satoshi trial, here's a holistic analysis of the #Bitcoin network - its stakholders, economic system, socioeconomic dynamics & power structures: https://t.co/ySTiUrCLna

[Shermin Voshmgir 🌈 🪐 💫 @sherminvo]

This #tokendesigntool was developed & adapted over the years, analyzing numerous token systems. It is based on a design thinking framework that is described in greater detail the book DAOs & Purpose-Driven Tokens, and in a previous iteration in the book MONEY, NFTs & DeFi. To make the framework less theoretic and more hands on, I created a google sheets based online tool, which I release into public domain.

It is a qualitative tool that is quite comprehensive and is meant to facilitate the first step in the design thinking process from en economc, technical and legal perspective. From an economic perspective, additional quantitative modelling and analysis will have to be carried out on top of this design thinking framework, but that is not the first step in the process. Quantitative modelling and analysis only makes sense once one understands what ones goal is, who the involved stakeholders are, what needs to be measured or simulated, and in which context the data should be interpreted.

Special Thanks to @mZargham who pointed out the importance of thinking in functions when developing this tool.

https://t.co/W6aedQfuwn