Global Coin Research is pioneering a new form of decentralised venture capital. We explore how the $GCR token works and what makes the flywheel turn.As the crypto markets have nose dived over recent weeks, there have been the inevitable cries that crypto is finally dead, once and for all. https://twitter.com/coinbase/status/1527121134562385920?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1527121134562385920%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vellir.xyz%2Fvellir-8%2F Wel...

Global Coin Research is pioneering a new form of decentralised venture capital. We explore how the $GCR token works and what makes the flywheel turn.As the crypto markets have nose dived over recent weeks, there have been the inevitable cries that crypto is finally dead, once and for all. https://twitter.com/coinbase/status/1527121134562385920?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1527121134562385920%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vellir.xyz%2Fvellir-8%2F Wel...

The core web3 thesis is that the next paradigm of the internet means that we will move from read, to read-write to read-write-own.Web1 = read only → browsers allowed users to surf the web and access information more easily.Web2 = read and write → interactive applications allowed users to connect, create content and communicate, while mobile enabled this to happen from anywhere.Web3 = read, write, own → blockchain technology means that users will own their own data, aligning value creation and...

The core web3 thesis is that the next paradigm of the internet means that we will move from read, to read-write to read-write-own.Web1 = read only → browsers allowed users to surf the web and access information more easily.Web2 = read and write → interactive applications allowed users to connect, create content and communicate, while mobile enabled this to happen from anywhere.Web3 = read, write, own → blockchain technology means that users will own their own data, aligning value creation and...

This article was first posted on Project Vellir in April 2022.It took me several years to go down the crypto rabbithole, but like many people, once I did, it came all at once. The first jump was listening to Chris Dixon (a16z) speak to Patrick O'Shaughnessy in April 2021 when something clicked. Web3, DAOs, DeFi and smart contracts all made sense. Read (web1), write (web2) and own (web3) became a powerful anecdote that is part of our core thesis. The second was Packy McCormick’s Not Borin...

This article was first posted on Project Vellir in April 2022.It took me several years to go down the crypto rabbithole, but like many people, once I did, it came all at once. The first jump was listening to Chris Dixon (a16z) speak to Patrick O'Shaughnessy in April 2021 when something clicked. Web3, DAOs, DeFi and smart contracts all made sense. Read (web1), write (web2) and own (web3) became a powerful anecdote that is part of our core thesis. The second was Packy McCormick’s Not Borin...

Crypto challenges some core tenants of state sovereignty. But is there a way this can be reconciled? Or could crypto even strengthen nation states?On the face of it, crypto and nation state sovereignty are mutually exclusive. Their logic and rationale are inconsistent: one is based on the idea of a dominant central authority, while the other is build on a consensual network of decentralised users. Given that sovereignty has become an increasingly important part of political discourse over the...

Crypto challenges some core tenants of state sovereignty. But is there a way this can be reconciled? Or could crypto even strengthen nation states?On the face of it, crypto and nation state sovereignty are mutually exclusive. Their logic and rationale are inconsistent: one is based on the idea of a dominant central authority, while the other is build on a consensual network of decentralised users. Given that sovereignty has become an increasingly important part of political discourse over the...

This week marked crypto's 'Black Wednesday', leading to significant losses for the sector. But there are silver linings too...There might not be many people in the world of cryptocurrency who recall the day, thirty years ago, when Sterling (£GBP) was forced out of the European Exchange Rate Mechanism (ERM). That day, which has become known as 'Black Wednesday', made the name (and fortune) of one George Soros, cratered trust in the British Conservative Government, and ...

This week marked crypto's 'Black Wednesday', leading to significant losses for the sector. But there are silver linings too...There might not be many people in the world of cryptocurrency who recall the day, thirty years ago, when Sterling (£GBP) was forced out of the European Exchange Rate Mechanism (ERM). That day, which has become known as 'Black Wednesday', made the name (and fortune) of one George Soros, cratered trust in the British Conservative Government, and ...

This article was first published on www.vellir.xyz on 18 May 2022.The geopolitical case for crypto and web3 – protecting freedom of speech and promoting the rule of lawIn June 2013, my friend Alec Ross and I wrote an article for The Daily Telegraph about the emergence of Bitcoin, and the challenge it presented for the G7 nations gathering that year in Loch Erne, Northern Ireland. We had spotted an advert, placed in the official Summit Brochure by Mt Gox, then the dominant Bitcoin exchange, ha...

This article was first published on www.vellir.xyz on 18 May 2022.The geopolitical case for crypto and web3 – protecting freedom of speech and promoting the rule of lawIn June 2013, my friend Alec Ross and I wrote an article for The Daily Telegraph about the emergence of Bitcoin, and the challenge it presented for the G7 nations gathering that year in Loch Erne, Northern Ireland. We had spotted an advert, placed in the official Summit Brochure by Mt Gox, then the dominant Bitcoin exchange, ha...

We believe that blockchain technology and cryptocurrencies are the foundation for the next paradigm of the internet.Web1 = read only → browsers allowed users to surf the web and access information more easily.Web2 = read and write → interactive applications allowed users to connect, create content and communicate, while mobile enabled this to happen from anywhere.Web3 = read, write, own → blockchain technology means that users will own their own data, aligning value creation and capture, and ...

We believe that blockchain technology and cryptocurrencies are the foundation for the next paradigm of the internet.Web1 = read only → browsers allowed users to surf the web and access information more easily.Web2 = read and write → interactive applications allowed users to connect, create content and communicate, while mobile enabled this to happen from anywhere.Web3 = read, write, own → blockchain technology means that users will own their own data, aligning value creation and capture, and ...

Crypto and web3 matters because the potential use cases are broad and growing, and could have meaningful implications for the issues that policy makers and voters care about.Most articles about crypto/web3 and policy tend to focus on issues like consumer and investor protection, whether particular assets should be classified as securities or not, the merits of Central Bank Digital Currencies (CBDCs) and the right way to regulate stablecoins, or macro questions like whether Bitcoin could chall...

Crypto and web3 matters because the potential use cases are broad and growing, and could have meaningful implications for the issues that policy makers and voters care about.Most articles about crypto/web3 and policy tend to focus on issues like consumer and investor protection, whether particular assets should be classified as securities or not, the merits of Central Bank Digital Currencies (CBDCs) and the right way to regulate stablecoins, or macro questions like whether Bitcoin could chall...