/ Writing
/Debunking Market Narratives: Litecoin ($LTC) Edition
Narratives are an immensely powerful tool, so much so, that experts generally attribute civilization’s rapid development to humans’ ability to efficiently tell stories. Due to their impact on human behavior, narratives can significantly affect our perception of value. In the current crypto market climate, reality is often overlooked in favor of narrative propagation. As such, it is important to evaluate the accuracy of popular beliefs, and separate the signal from the noise.
/Token Curated Registries: Features and Tradeoffs
Token Curated Registries (TCRs) are an idea that gained a fair amount of traction within the cryptocurrency community throughout late 2017 and early 2018. While the idea has yet to be implemented at any meaningful scale, there are a few TCRs live on the Ethereum mainnet and over a dozen projects are considering building TCRs in some form.
/Aggregation Theory, Thin Protocols, and Recentralization: Augur Edition
Joel Monegro of PlaceholderVC wrote Fat Protocols in 2016. Based on the data at the time – specifically that Union Square Ventures would have generated higher returns by simply buying and holding Bitcoin rather than investing in each of Coinbase’s funding rounds – the fat protocols theory made sense.
I have yet to see an actual illustration of the Web3 stack. So this is an attempt. Given how expansive the Web3 ecosystem is, this diagram is almost certainly incomplete, and likely has a few inaccuracies.
Spencer Bogart from Blockchain Capital wrote an excellent piece earlier this week titled “The Long Game in Crypto: Why Decentralization Matters” as a response to our EOS report.
Cryptocurrencies and blockchains are not yet mature. Like computers from the 80s and 90s, although they technically work, they’re fragile in practice. As such, most of their users are technical, and tend to focus on technical challenges rather than go-to-market challenges.
EOS is a blockchain and smart contract platform with a focus on speed, scalability, and user experience. EOS uses delegated proof of stake (DPoS) and a “token ownership as bandwidth” model to achieve high throughput and zero transaction fees.
There are a few commonly cited arguments on why it makes sense to build social media platforms on top of blockchains, and how these benefits will enable upstart social media protocols to displace incumbents.
There are three fundamental hypotheses that attempt to answer the question, “What path will the super mega winner(s) in crypto take?” In this post, I’ll detail each of these hypotheses. Note that all three hypotheses achieve the same result: massive stores of value. The primary difference between these hypotheses is the path by which these state-free monies get there.
Multicoin Capital recently announced an impressive list of new investors, of which we are excited to be a part. Crypto is a unique asset class that requires an investor to combine the skills of a venture capitalist and a hedge fund. Like a VC, you have to evaluate team, technology, market size, competitive dynamics, and go-to-market.
