“You will probably work for a protocol someday.” These are among the last words I say to students at the end of my course on the crypto economy. When I began teaching the course in 2017, it sounded absurd to many of them. Today, less so. Crypto economies have already…

When a group of people seek to collectively perform a complex task, they require a coordination mechanism. This article breaks down two components of coordination, standardization and trust production. Blockchains address these key components, setting the stage for a new model of human organization. Maintaining a shared ledger is a…

Bitstamp, our strategic partner and LP at Collab+Currency, released some news around prospective new listings yesterday. This is a moment that has been building for some time, so we wanted to write a quick post to put it in perspective and provide some context. Historically, Bitstamp has maintained one of…

By Derek Schloss and Stephen McKeon Ampleforth has received a lot of attention lately from both market participants as well as new projects that are incorporating similar features into their own protocols. We’ve been following Ampleforth for a long time so we wrote this two-part article as an explainer and…

Last summer I wrote Traditional Asset Tokenization, in which I hypothesized that a broad array of assets will move to blockchain records of ownership (represented by tokens), thereby changing the way society holds and transfers investments. A lot has transpired since last summer. …

I was on vacation when I received a message from David Sacks last summer, but I knew this was a call I wanted to take as soon as possible. …

Friends and family often ask me where to begin learning about Bitcoin and blockchains. With the recent rise in prices, these requests are amplifying in lockstep. I imagine many of you have had a similar experience. I’m always happy to respond because it’s important for people to become educated before…

As I was scrolling through my twitter feed yesterday I saw that Emin Gün Sirer, a thoughtful scholar whom I respect, had retweeted a piece on token liquidity by Preston Byrne. I read it immediately. As it turns out, the post references some of my statements from Traditional Asset Tokenization…

Tokenization of traditional assets in the coming years will have an impact on liquidity across multiple asset classes. The implications of this statement are relevant to all investors, including both traditional and crypto, for reasons I detail in this post. I. Liquidity: The driving force behind traditional asset tokenization Let’s…