In a previous blog I looked into Bitcoin’s Market Dominance, finding it dominates over 80% of the market with liquidity taken into account.

Feedback from the blog was collected:

1. Formalising a method of using and displaying VWC
2. Accounting for wash trading, aka, fake volume
3. Analysing all 2000 coins, instead of just Top 100
4. Considering a larger date range for market dominance

This follow-up article treats these four points.

1. Formalising VWC

Volume-Weighted Cap accounts for liquidity by simply including it as a multiplier.

VWC = Market Cap * Liquidity

• Market Cap should be circulating supply * price ($).
• Liquidity is any form of standardised liquidity metric ($). …

Browsing twitter recently I saw a tweet quoting Vitalik, the infamous founder of Ethereum, from some podcast:

I took the comment to be rather disingenuous, knowing that Vitalik enthralls at every chance to show mathematical edge. He seemed to be referring to CoinMarketCap’s “Market Dominance”, a metric fixated on by many, despite being based on “market cap” — a lamented metric. Market Cap on CMC is simply the market price multiplied by circulating supply, which many argue can easily be manipulated by things such as low volume, pre-mines and circulating supply malfeasance.

I immediately wondered if market share was some form of Pareto-distribution, “the law of the vital few, or the principle of factor sparsity”. Pareto Distribution is itself a form of Power Law, and is often observed in nature where the rule of equilibrium abounds. …

Requirements:

• NodeLauncher
• Mac Terminal
• Homebrew installed — https://brew.sh
• LndHub
• BlueWallet

Let’s create a self-sovereign mobile lightning wallet using nothing but a Mac, a mobile phone and some software supplied by the fantastic open source community!

Step 1 — LND

1A — Download and set up Pierre Rochard’s NodeLauncher.

Setup guide here:

Overview

The CanYa ecosystem is powered by trust-minimized technologies, targeting the gig economy and capturing that value in the form of a single digital asset, the CAN token. This token has the following functions:

• A unit of account for payments between users
• A medium of exchange, solving the double coincidence of wants; the freelancer wishes to sell their service for money, whilst the client wishes to buy their service with money
• A store of value — pegged to the USD price whilst held in escrow
• A governance token allowing community members to share their input in a sybil-resistant manner
• An incentive token to trustlessly pay out to entities contributing to the…

The CanYa team have been hard at work in 2018. After 12 months here are some numbers we can hang our hats on:

CanYa — Some Numbers

• 63,851 token holders
• 108,000 transactioins
• 400m in CAN transacted
• 25k social media audience
• Almost 1000 in dApp signups
• 232 CanSend multi-token send transactions
• 49 hedged escrow transactions

Here’s a quick summary of the year:

Q1 2018

The team launched the token on 08 January 2018 on a number of exchanges, fulfilling the promise of early liquidity. In the preceding months the team worked hard to achieve the following:

• Listing on over 10 exchanges
• Debuted Trust Wallet’s first airdrop to about 10k…

This blog proposes a potentially better system to the current ENS vickery auction style distribution method for ENS domains. It uses an adapted Harberger tax with demonstrable economic staking to more effectively allocate ENS resources.

Harberger Taxes; an intro

Harberger taxes are an economic system that attempts to have both optimal allocative and investment efficency. Property owners only pay tax on what they think their property is worth, but the price that they establish for their property, is the price that the property is to be sold at in the wider market. This allows the property to be easily re-distributed at fair market price.

Allocative Efficiency refers to the efficiency of a system to continually and optimally distribute goods and services, taking into account consumer preferences. Optimal allocative efficiency means that the marginal cost of a product equals its marginal utility. An example of this is land acquisitions — if a new highway that is set to benefit a wider community needs to be built through a section of land that is currently occupied by private owners, then ideally the land moves from the private owners to the public good. However, without a mechanism for the land to be fairly re-allocated, the original private owners can simply hold and prevent the highway from going ahead. …

As we transition to a debt-free economy with the Bitcoin Standard; the question must be asked — is it possible to raise debt (loans) in order to invest? What will the future start-up entrepreneur do?

The solution is to simply tokenise oneself; or rather, tokenise one’s income and credit score. These tokens can be held as fractional ownership and can be used to raise debt — but the debt is always secured.

Overview

This blog proposes a smart contract implementation that allows anyone to tokenise themselves and receive deposits from others. These deposits are collaterised with transparent leverage, and are treated as both investments as well as loans to the token owner. Depositors earn a monthly earnout, that accumulates in collateral. …

In the first part of this series I discussed how Lightning Network (LN) is making money programmable and setting the foundation for a world powered by digital, state-less, debt-free money. In this part I’ll discuss how individuals today and in the future will be using the Lightning Network.

Part 1 — The Lightning Network — Programmable Money

Part 2 — Using the Lightning Network as a user

Part 3 — Using the Lightning Network as a business

Part 4 — Using the Lightning Network as a country

Part 5 — When the world is powered by Bitcoin

In the future we will be able to use the LN for the following time of…