Software composability in crypto
05 Feb 2019
One of the most interesting breakthroughs in crypto is the strong degree of composability the technology lends to software development. Composability is the ability to combine various components of a software stack in different ways. To keep things simple, we’ll split the stack into two parts: front-end and back-end....
On risk symmetry and code is law
05 Feb 2019
Skin in the game is a foundational concept in the context of crypto networks. Stakeholders have skin in the game through owning tokens of monetary value, and are as a result financially incentivised to collectively work for a network. Its a powerful concept and a means to ensure risk symmetry,...
Beyond the ICO: methods to achieve more optimal token distribution
19 Jun 2018
The ICO market in 2017 saw approximately $5.6 billion raised in capital, as
small teams of developers had immediate access to a global pool of capital and
were able to finance their software startups with relative ease.
As more and more scams were able to raise unprecedented troves of...
Improving network incentives through work tokens
28 Feb 2018
The emergence of firms such as Uber and Airbnb showed that true value is in a network of users rather than in the value of physical assets. However, the majority of value creation in centralized networks is accrued by middlemen rather than distributed to the entire network. A structural flaw...