This article is the second part of my short series on long-term cryptoeconomic incentives. In the first part, I discussed how the current models of founder lockups and fundraising are broken, and how they can lead to misaligned incentives, pump and dumps, and consensual exit-scams, as well as how projects…

This article was born from several recent discussions I had with Stanford friends around the sustainability of cryptoeconomic models. Thanks in particular go to Michael Longoria and Kevin Xu for sharing many of their thoughts around the space, as well as several other friends with whom I have discussed this…

In the first quarter of 2018, Initial Coin Offerings (ICOs) have raised over $3.4 billion, exceeding the total amount raised from January to November of 20¹⁷¹. This explosive growth has fueled excitement from speculators, scammers, and smart investors alike, and shows no sign of slowing down halfway into Q2. While…