Productive Capital in Cryptonetworks

Thus far, cryptonetworks have used their native asset to entice early investment in their economies via two primary pathways:

• Minting to supply-siders that install productive capital
• Selling to investors that…

Bitcoin & Ethereum: Prices are Down More than the Fundamentals

Tweets are Thoughts, Not Statements

As an industry fixated on the immutability of transactions, we often make the mistake of transposing that expectation of immutability onto people and ideas, both of which are constantly changing. Even Bitcoin’s narrative (an idea), which is the most straightforward…

Cryptonetworks are not Companies

Joel was the first person that stuck the word cryptoeconomy in my mind. It was mid-2017 and the idea struck me because most everyone was thinking about cryptonetwork valuations (most commonly ICOs) in the context of company valuations. Which is partially why they were…