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...