This is the follow up to my previous post, which has been quoted widely in the press and research reports as one of the first articles to predict the sideways and downward move in the Bitcoin price over the past 2 years, along with identifying the “headwinds” that would keep the price in check. Now, I believe it’s time for an update, and a review of those fundamentals. At the time of writing, the Bitcoin price is hovering around $450, exactly the same price as when I penned the previous post on this topic.

After reading my first post, entitled…


Over the years, economists and philosophers have defined a range of choices that humans may experience in their day to day existence, including Morton’s Fork, Burdian’s Ass and Hobson’s Choice. My partner at Multicoin Capital, Kyle Samani recently wrote about the Scalability Trilemma that exists in the blockchain world too.

In this post, I’d like to propose the Value Trap Dilemma (VTD). The VTD is the conflict of interests that occurs when a project is funded by both traditional shareholders in a company and token holders in a network. …


It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way — in short, the period was so far like the present period, that some of…


2017 was, without a doubt, the year that crypto trading and investing came out of the shadows and into the mainstream consciousness of everyone in the technology world, and beyond.

When my company, Civic, conducted a token sale back in June of this year, we had as many as 50,000 people waiting in a queue, to purchase our tokens, and we concluded a successful $33m token sale.

We were one of only a few dozen companies that had attempted to do anything like this, and at scale, where the tokens were sold to thousands of people, around the globe and…


Cryptocurrencies such as Bitcoin & Ethereum have ushered in a new era for the world, with Bitcoin hitting highs of nearly $6,000 yesterday. Most of us in the industry have been caught off-guard by how (and why) the market capitalization of crypto currencies & assets has exceeded $150bn so quickly this year. I’ve spent a fair amount of time thinking about this and where we are going to next and so I’m going to try to weave a number of seemingly unrelated observations together in this post to, hopefully, light the way.

Firstly, the big question is “Are we…


Since the Civic Token Sale in June, I’ve been inundated with questions from friends, VC’s, fellow entrepreneurs and just about anyone else out there who wants to do a Token Sale. My previous blog post on “Tokens are eating the World” surpassed all the views, likes and shares of every previous post I have written! It’s seems “so easy” to slap together a Token Sale with a white paper, pivot your business model ever so slightly and then raise tens or even hundreds of millions of dollars within seconds. Everyone else is doing it, so why shouldn’t I?!

In reality…


The title of this post pays homage to Marc Andreessen’s epic post in 2012, “Why Software is Eating the World.” Marc made some very interesting observations in that seminal post where he succinctly forecasts much of what has transpired over the past half-decade. …


My previous post about Vanity Headlines not being the goal for Civic’s upcoming Token Sale at 6am PDT on Wednesday 21 June was well received from the community as the right way to conduct a crowd sale of tokens. We are breaking new ground here and there are no best practices yet in our industry, but we hope that our learnings will be adopted and improved upon by other companies, and even better —hopefully our technology will be used to develop closer relationships with other buyers of token sales.

I wanted to follow it up with an explanation of the…


Today, at Civic, we’re releasing our much anticipated whitepaper, on our Token Sale page. We’ve done things a bit differently, but for very good reasons which I outline later in this post. We’ve decided to create a model for doing a token sale that is fair & innovative, and we hope others will follow in our footsteps. …


When we introduced Civic last year, we were very careful to not overplay our hand. We wanted to start by building trust and creating an Identity Protection Network where consumers could signup for free identity theft protection services and, in the process, allow us to verify and authenticate who they are. This strategy has helped us build and create systems for ID Verification that will be the underpinning of a much larger vision that we have been working on in the background — creating Digital Identities for everyone.

I’m proud to announce that after over 18 months of development, Civic’s…

Vinny Lingham

Co-founder & CEO of Civic.com. Shark on Shark Tank South Africa. Born in South Africa, Lives in California.

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