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Ethereum 2.0's Monetary Policy: A Financial Model
Disclaimer: The information contained in this paper is based on data and information that the authors believe to be reliable, but no representation or warranty, express or implied, is made as to its completeness or accuracy. The authors are not providing any advice or recommendation to invest in any specific cryptocurrency or related investment product. The information contained in this paper has been prepared in good faith, to the best of the authors' ability, and is believed to be accu...
Ethereum 2.0's Monetary Policy: A Financial Model
Disclaimer: The information contained in this paper is based on data and information that the authors believe to be reliable, but no representation or warranty, express or implied, is made as to its completeness or accuracy. The authors are not providing any advice or recommendation to invest in any specific cryptocurrency or related investment product. The information contained in this paper has been prepared in good faith, to the best of the authors' ability, and is believed to be accu...
What The Fork Is Going On?
Intro The first two sections are about defining loosely what sort of governance system exists in blockchains, and the second sections are about Ethereum’s upgrade to PoS. (Feel free to skip ahead). Here’s a summary of each section, however.The Tripartite System.How the blocksize wars illustrated the tripartite in action.Discuss the Merge and the new actors that have emerged.Conclude and discuss the inevitability of this.Evolving In Place It’s been more than 10 years since Satoshi Nakamoto wro...
What The Fork Is Going On?
Intro The first two sections are about defining loosely what sort of governance system exists in blockchains, and the second sections are about Ethereum’s upgrade to PoS. (Feel free to skip ahead). Here’s a summary of each section, however.The Tripartite System.How the blocksize wars illustrated the tripartite in action.Discuss the Merge and the new actors that have emerged.Conclude and discuss the inevitability of this.Evolving In Place It’s been more than 10 years since Satoshi Nakamoto wro...
Coinbase's Direct Listing
ForwardIn an upcoming post, I’ll (hopefully) do a valuation of CoinBase. However, for now, my article covers three related topics:Understanding the different dynamics behind Direct Listings vs. IPOs. This should yield useful for DeFi investors as well, as equity capital markets are crucial for not getting rugged.FYI… this section is a bit long. There’s a TLDR at the bottom of the section.** But, here’s a even quicker TDLR: the debate between IPO and Direct Listing isn’t as clear as VCs are ma...
Coinbase's Direct Listing
ForwardIn an upcoming post, I’ll (hopefully) do a valuation of CoinBase. However, for now, my article covers three related topics:Understanding the different dynamics behind Direct Listings vs. IPOs. This should yield useful for DeFi investors as well, as equity capital markets are crucial for not getting rugged.FYI… this section is a bit long. There’s a TLDR at the bottom of the section.** But, here’s a even quicker TDLR: the debate between IPO and Direct Listing isn’t as clear as VCs are ma...
A LOOMING FINANCIAL ARMS RACE
Originally published in January 2021.IntroUS Policy makers can no longer be concerned about the speculative technology that a bunch of 'loony libertarians' promulgate. Crypto-assets have entered mainstream consciousness and are now becoming weaponized by both the private-sector and public-sector. Said differently, the scope is now geopolitical, and that means the stakes have considerably widened. The only issue is that the US has generated a cacophony of reticence and criticism, ins...
A LOOMING FINANCIAL ARMS RACE
Originally published in January 2021.IntroUS Policy makers can no longer be concerned about the speculative technology that a bunch of 'loony libertarians' promulgate. Crypto-assets have entered mainstream consciousness and are now becoming weaponized by both the private-sector and public-sector. Said differently, the scope is now geopolitical, and that means the stakes have considerably widened. The only issue is that the US has generated a cacophony of reticence and criticism, ins...
NFTX
Exploring a P2Pool model for NFTsNote: Written originally on February 19th, 2021 Conventional wisdom assumes that investors receive a return premium for bearing an investment that is illiquid. Said differently, when the ability to price an asset is opaque and/or the ability to sell at a moment's notice is a challenge, there is additional risk for bearing the informational darkness and transactional disadvantage. Illiquidity has been a problem in the traditional art market as well other o...
NFTX
Exploring a P2Pool model for NFTsNote: Written originally on February 19th, 2021 Conventional wisdom assumes that investors receive a return premium for bearing an investment that is illiquid. Said differently, when the ability to price an asset is opaque and/or the ability to sell at a moment's notice is a challenge, there is additional risk for bearing the informational darkness and transactional disadvantage. Illiquidity has been a problem in the traditional art market as well other o...
