Basically, all token pitches include a line that goes something like this: “There is a fixed supply of tokens. As demand for the token increases, so must the price.” This logic fails to take into account the velocity problem. In this post, I’ll explain the velocity problem by providing an in-depth example. Then I’ll examine mechanisms that reduce velocity.
This post discusses governance and its impact on network effects and why both relate to how value flows and is captured within tokenized blockchain networks.
The Decentralized Derivatives Association (DDA) is preparing to launch the first decentralized derivatives product on Ethereum. The seemingly simple task of a functioning market for risk transfer has proved a notable foe for the financial developers on Ethereum. With the complicated and ever-changing regulatory environment and a system that is upgrading faster that most normal development cycles, its hardly a mystery why many are trying yet none have succeeded at the task
The first $100 billion dollar Blockchain company could be the next SAP.
In 2017, we saw:
- The rise of new tokens and funds
- The largest increase in the global blockchain participant pool we've seen to date
- Valuation bubbles.
In 2018, we need to:
- Educate new participants in the blockchain ecosystem
- Work intentionally on diversity and a representative culture
- Understand the opportunities as a matter of empowering human rights.
The recent Munchee ICO shutdown is a good example of what’s here now, and what’s to come. I have three thoughts on this phenomenon and how it’s going to shape the markets as we go forward into the regulated portion of the blockchain’s future.