To follow is a very rough analysis, zoomed out to give us perspective on Bitcoin’s 10 years of life, and Ethereum’s 3+ years. If you disagree with my approximations, I encourage you to perform your own exploration of fundamentals vs. price and share your findings with the world. Before going…

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. …

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 considered so obscene. What the crypto…

Humans have an innate desire to first understand, and secondly reason, about what they see in the world. We go from observing things (facts), to reasoning about those facts (theories), to then applying those theories back on present facts to predict future facts. This habit pattern explains the birth of…

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 contribute investment capital While investment capital can ultimately be converted into productive capital, the two are not synonymous, and value…

This week crypto has been afire with Nouriel news. After voicing my own disgust at Nouriel’s behavior, Chris King responded: “He’s triggered and we’re triggered. No one really wins.” Chris is right. We’re all so triggered that conversation between the crypto-community and Nouriel has devolved into an intolerant pissing contest…

By Jonathan Cheesman and Chris Burniske We may look back on this time as the “Crypto Tax Crisis of 2018,” as thanks to tax liabilities we’re witnessing the most concentrated period of net fiat outflows that the cryptoasset ecosystem has experienced in its short life. These large flows have a…

Recently, in personal communications and small Telegram groups, I’ve noticed signs of quiet desperation growing as dreams of a quick reversal to new all-time-highs fade. Meanwhile, Twitter is noisy with technicians, and egos attached to price predictions. Predictions are made with seeming conviction, because if right, egos will claim clairvoyance. …

Recently, an increasing number of crypto market participants and observers have become interested in a framework for valuing cryptoassets. Over the years many a dinosaur has proclaimed bitcoin valueless, an asset worse than tulips (at least with tulips you got a flower). Now they’re trying to figure out how valuable…