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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

intermediate

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Do Security Tokens Need a New Blockchain? Benefits and Challenges [Part I]

"If we stripped down all the technical complexities, the idea of a blockchain for security tokens boils down to a very simple question: can we represent ownership effectively by simply using smart contracts? Mathematically, ownership can be represented as a relationship between an identity(owner) and an asset. Conceptually, ownership has to have some basic properties: it has to be verifiable, transferable and accrue value based on market dynamics."

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Utility vs. Security Tokens and China’s Leadership

"I’ve gotten a lot of interest from my Chinese readers on my post on Security Token Offerings (STOs). Academics and entrepreneurs from China have contacted me on WeChat to discuss it. China might lead the world in the adoption of blockchain. Alibaba patents, Bitmain’s hardware and IPO, and how Singapore projects that are partnering with Chinese businesses are just some major indications of this."

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The State of the Token Market - 9 months into 2018

The deep analysis of the token market.

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Initial Coin Offerings (ICOs): The Class of 2017 - one year later

Ey study: Initial Coin Offerings (ICOs). The Class of 2017 - one year later. October 19, 2018.

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Cryptoasset - Taxonomy Report 2018

Crypto Compare Cryptoassets Taxonomy Report 2018.

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The Elephant in the Room: Security and Privacy Protocols in Security Tokens

"When comes to security tokens, security and privacy protocols are not only a technically challenging and often intimidating subject but also one that can challenge the current foundation of crypto-securities. From all the aspects missing in the current generation of security token architectures, security and privacy are the ones I feel can break the premise of the entire ecosystem."

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Bitcoin and the bubble theory of money

"A few months ago Vijay Boyapati asked me to "steel-man" the bubble theory of money. The bubble theory of money, which can originally be found in a few old Moldbug posts, has been used by Vijay and others to explain the emergence of bitcoin and make predictions about its future."

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Privacy in Cryptocurrencies: An Overview

"To be a more informed developer, investor, or participant in cryptocurrencies, it is important to understand what privacy actually means in a cryptoeconomic system. We wrote this post to share our perspective on this skill."

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An Introduction to Auction Theory: Blockchain Edition

"Whether it’s a lock of Elvis Presley’s hair, used items on Ebay, or bitcoin seized by the government from criminals, auctions commonly happen when the seller isn’t sure of what the value of the item is or when ownership changes from public to private entities. This can include natural resources, seized goods, rare items, land, government contract procurement, etc."

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Introducing Continuous Organizations

"The current fundraising models (ICO or private fundraising) impose significant limitations on the mechanisms available to align stakeholders’ interests. A Continuous Organization (CO) is a new model designed to make organizations more fluid and more robust by overcoming those limitations."

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Work is Timeless, Stake is Not

"There are many ways to slice and dice PoS and uncover its weaknesses."

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Bitcoin Market-Value-to-Realized-Value (MVRV) Ratio

"Introducing realized cap to BTC market cycle analysis"

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Futility Tokens: A utility-based post-mortem

"A futility token is an already-existing token that has no chance at accruing future value due to its poor design. The users are still delusional, the company may or may not be aware of the token’s problems, and general ecosystem participants are becoming aware of the flaws in the design of payment tokens. There is no future for these types of tokens, other than a dramatic change in the direction of its own ecosystem and functionality — or an outright conversion to a security. During the last few months, this has been the case for a few projects."

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A Visual Way to Understand the Pros and Cons of a Decentralized Exchange

"This is a short and no way comprehensive analysis on the pros and cons of centralized versus decentralized cryptocurrency exchanges. By the end you should have enough information to figure out which is for you — or at least be the new “expert” on centralized exchanges around the water cooler."

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Identifying Decentralization

"If you’re going to invest — your time and/or money — in blockchain because it’s “decentralized” then you should probably have some working criteria for qualifying projects that are “really decentralized” vs. “sorta decentralized.” Let’s explore “decentralization” and see if there are any useful frameworks for understanding the concept."

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A Simplified Look at Ethereum’s Casper

"Here’s a simplified sketch of how I understand Casper to work."

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Ethereum Tokens: the 5 most used ERC standards

"The Ethereum blockchain, launched in 2014, is widely known for its smart contracts, contracts that are self-executing according to defined parameters. In order to make these smart contracts work as well as possible and to allow them to communicate with each other, the developers have decided to set up standards, the latter are called ERC – Ethereum Request for Comment."

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On consensus

"Achieving and enforcing consensus is at the heart of what makes cryptocurrencies tick. What does it mean and how is it achieved? Let’s start with a dictionary definition."

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