I See You, $XRP.

I started blogging about bitcoin back in 2013. Much to my chagrin, I ignored almost all other cryptoassets until late last year. This year-long series of “other crypto” posts is my penance for such a horrific oversight. So begins my quest.

Skin-in-the-Game Coins

Non-worthless utility tokens: truly rare, mythical, beasts if there ever were.

Unsurprisingly, I’ve had a lot of people email and DM me regarding one of my 95 theses in particular: my belief that almost all utility tokens will trend towards zero because there is…

Cryptonetworks and the Theory of the Firm

If Austrian economics is the theoretical foundation for Bitcoin, I think Ronald Coase is the inspiration for general cryptonetworks.

In 1937, Coase wrote a seminal paper titled “The Nature of the Firm”. It laid the groundwork for a…

Taxi Medallions: A Conceptual Framework For Work Tokens

Introduction