ALT “…cryptocurrencies are still in the ‘risk basket’ (along with venture capital) for institutional capital allocators…” from “Crypto Theses for 2019” by Arjun Balaji.

ALT “25) Token curated registries, once the hottest ‘crypto-economic primitive’ on the scene, make less sense to me now than they did before 2018. They strike me as a prime example of 2017’s excesses (and desire to tokenize everything). The model feels extremely convoluted and it wouldn’t surprise me to see the industry move away from the TCR en masse (60% confidence)…” from “Crypto Theses for 2019” by Arjun Balaji.

ALT “In order to understand the present, we must understand the past…” from “The Truth About the Crypto Crisis” by Meltem Demirors.

ALT “The challenge with cryptonetworks is that you’re trying to solve for fundamental human behaviours when thinking about token governance. These are soft, fuzzy, non-deterministic type problems.” from “Multicoin Summit Recap (10/2018, NYC)” by Cambrial Capital.

ALT “…politics is a coordination ‘game’ played between participants in governance who signal their preferences over possible outcomes in an effort to get everyone to coordinate on their preferred outcome…” from “Blockchain Governance 101” by Vlad Zamfir.

ALT “The faith in a new financial system is what binds everything together. ‘Bitcoin is not just a software project. It’s a method of coordination for a large group of people who face powerful adversaries. Bitcoin isn’t just a technological breakthrough, it’s also a social one…” from “Hodlers are the revolutionaries” by Dan Held.

ALT “As an investor, a difficulty I see with crypto is that free-riders are not supposed to strip value from the economy. That’s the ‘democratization of finance’ part: you aren’t just rewarded for providing capital, you need to contribute. That said, so far, crypto networks have been bootstrapped by rewarding early adopters.” from “Free riders, the cost of hodl and a deep dive on staking” by Jonathan Cheesman.

ALT “…One hypothesis is that the future of the web could be composed of a few widely-used crypto protocols responsible for much of the transactional, low-value tasks in addition to thousands of highly specialized institutions focusing on user experiences.” from “Our Crypto Investment Thesis” by Wendy Xiao Schadeck.

ALT “…In the future, we foresee that in numerous networks the native token will not even be used for payments between parties — the role of payments will be instead usefully delegated to stablecoins or SoV tokens…” from “An (Entrepreneurial) Investor’s Take on the Utility of Tokens beyond Payment” by Max Mersch.

ALT “Tokens can be engineered to serve a greater purpose than payments and fundraising: designed properly, tokens represent the ownership of scarce digital resources and coordinate the actors in a given network…” from “An (Entrepreneurial) Investor’s Take on the Utility of Tokens beyond Payment” by Max Mersch.

ALT “…but we won’t really be blown away by such efforts until they can actually verify the link between the offline asset and the online token…” from “#56: Time to Unplug again” by Yannick Roux.

ALT “For clarity of biases, SB is square on the crypto-anarchist side of things, believing that absent censorship-resistance blockchain technology isn’t that interesting for most use cases…” from “#56: Time to Unplug again” by Yannick Roux.