/ Insights
Stablecoins have been one of my major areas of interest since I got involved in crypto. I first learned of Bitcoin when I was studying abroad in Argentina in 2014. At the time, Argentina was in the midst of a currency crisis that had resulted in widespread inflation, and Argentinian citizens were still reeling from a 2001 market crash that ended with the government freezing bank accounts for a year.
/Podcast: Kyle on the Flippening With Clay Collins
Clay Collins, CEO of Nomics Finance, recently asked me to join him in wide ranging conversation on his new podcast, The Flippening.
In August, we published an analysis of XRP, the native token of the Ripple network. We presented a bearish view of XRP tokens. A quick summary: Ripple, Inc. – the company that builds and maintains the Ripple network – has built a blockchain-based system that banks use to issue IOUs and settle debts. XRP has two uses: to pay fees on the Ripple network, and as a “bridge currency” for value transfers between any two institutions that don’t have a trusted relationship.
0x is a protocol for decentralized exchange (DEX) of ERC20 tokens. ZRX is the native token of the protocol. At its core, 0x is a system of smart contracts that can be used by anyone—it is open-source and completely free to use.
Basically, all token pitches include a line that goes something like this: “There is a fixed supply of tokens. As demand for the token increases, so must the price.” This logic fails to take into account the velocity problem. In this post, I’ll explain the velocity problem by providing an in-depth example. Then I’ll examine mechanisms that reduce velocity.
Basically, all token pitches include a line that goes something like this: “There is a fixed supply of tokens. As demand for the token increases, so must the price.”
/Vinny Lingham Joins Multicoin Capital as General Partner
We are extremely excited to welcome Vinny Lingham (Twitter, Linkedin) to Multicoin Capital as General Partner. Vinny is the CEO of Civic, a solution for identity verification on blockchain.
/Crypto Franchising: Out with the New, In with the Old
Franchising is a widely understood model for retail food businesses. Many of the oldest and most successful retail food businesses in the world are franchises: McDonald’s, Subway, etc...
Many have asked “how would a merger or acquisition work in crypto?” Although a merger could work in theory, in practice it’s not possible...
Cryptographically bound peer-to-peer networks (henceforth called “crypto” for short) are going to be one of the defining technologies of our lifetimes. They enable fundamentally new forms of social organization.