Last summer I wrote Traditional Asset Tokenization, in which I hypothesized that a broad array of assets will move to blockchain records of ownership (represented by tokens), thereby changing the way society holds and transfers investments. A lot has transpired since last summer. In short, it’s happening — the infrastructure to support security tokens is now being built out.
Symbolically, the Magna Carta marked a long-standing movement toward broader applicability of rule-of-law (Kings and Nobles not immune to rule of law) and people’s rights (rights for everyone, not just the elite). Highly decentralized networks are constructing these rights in reverse — starting from the ground up with the “every-man”. These networks don’t ask for the king’s permission to exist and facilitate the rights they offer — they simply are.
Introducing Network Value to Metcalfe (NVM) ratio and using it to identify and predict price bubbles
How designers and curators can align incentives and create awesome brands and experiences
@StopAndDecrypt published a medium article discussing the growth of the Ethereum blockchain and concerns about nodes having a harder time keeping up with the network.
The article makes a few good points but also contains significant amounts of misunderstandings and misinformation to the extent that overall the article is misleading. It also degrades into rambling propaganda towards the end — a type of “article” I usually ignore. However it seems the article got some traction on twitter not only among the trolls, and with an annoying mix of truths and falsehoods it made me motivated enough to write up a response.
Consensus 2018, a week-long conference put on by CoinDesk, took over New York last week. In scenes straight out of The Wolf of Wall Street, Snoop Dogg performed in a Meatpacking District club, a $3M yacht party was held for an app that is launching in July, and Lambos (the lingua franca of crypto) revved their engines in Midtown Manhattan.