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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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Circle Research - Prediction markets

"Prediction markets facilitate the trading of event derivatives. They have been around since the 1990s. They are sometimes also referred to as information markets, idea futures, and decision markets. Participants use prediction markets to speculate on outcomes of events. Many believe that decentralizing prediction markets will allow us to harness their full potential by lowering the cost of participating, bypassing strict regulation and increasing adoption by making the platforms more accessible across geographies."

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KPMG report: ‘cryptoassets are now impossible to ignore’ but there are still challenges facing institutionalization

"In the 42-page report, KPMG identifies the key challenges to the adoption of crypto in the global financial services ecosystem and introduces “KPMG’s Cryptoasset Framework” to help address them. The report was created with contribution from Coinbase plus insights and guidance from Fundstrat Global Advisors and Morgan Creek Digital."

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The Next Step in Cryptoasset Valuation

"Cryptocurrency valuation is the key conundrum for traditional investors who have only recently begun paying attention to the new asset class. However, the valuation methods lag, as usual. Equity markets had existed for four centuries and the New York Stock Exchange operated for 130 years before Discounted Cash Flow (DCF) methodology became the mainstream in equity valuation. Unsurprisingly, with 10 years of history no one really knows how to value cryptoassets yet. Despite attempts by a few research enthusiasts, a mainstream valuation method still needs to be developed."

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Work for Sale — Bootstrapping Security Through Network Protection

"Many proof of work (PoW) chains aren’t secure. They’re extremely difficult to bootstrap hashpower for and as the value of the network greatly outpaces the coordination and hardware cost of an attack, it becomes quite lucrative to do so. An exception, in this case, would be Bitcoin as it had a first-mover advantage and is the strongest network from both an ideological standpoint and mining operations."

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How Does Distributed Consensus Work?

"An overview of key breakthroughs in blockchain technology — and why Nakamoto Consensus is such a big deal"

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Growth is not price

"But real growth is not necessarily price growth. Especially not in crypto."

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Generalized Mining: the LPs perspective

"Generalized Mining (or ‘mining 2.0’) has emerged as a catchall term that describes the practice of actively participating in one way or another networks in order to generate returns. Different people have been defining it differently, we’re going to take a very broad view on this and then zoom in."

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Why 90% of Crypto Funds will fail

"There has been a lot of interesting analysis as to why hedge funds fail (approx 1000 closed in 2017) and fail to outperform, causing them to shut down. Howard Gold concluded in a column for MarketWatch that it’s mostly a problem of supply and demand."

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Mapping out the Security Token Ecosystem

"As security tokens and tokenized assets gain steam in the crypto ecosystem, clear infrastructure begins to form. As we previously covered in our Block by Block series on security tokens, these new instruments aim to tokenize the ownership of all assets, whether they are public and private equities, real estate, or precious metals — even things like art. Investors are clearly taking notice as they pump millions of dollars into projects that support the issuance, exchange, and custody of security tokens."

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Blockchain Ownership & Crypto Anticommons

"What’s behind any digital token, asset, or contract is a package of rights — how we assign and interpret these rights is at the heart of blockchain governance"

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Prediction markets

Crypto Asset Report

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THE CYPHERNOMICON

"The Cypherpunks have existed since September, 1992. In that time, a vast amount has been written on cryptography, key escrow, Clipper, the Net, the Information Superhighway, cyber terrorists, and crypto anarchy. We have found ourselves (or _placed_ ourselves) at the center of the storm."

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The Case For Privacy

Privacy includes the ability to keep things secret from the government.

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How To Fund Your Crypto Project — The Right Way

"So how do you raise the cash you need?"

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Blockchain Governance: Busting the Myths of Decentralization, Trustlessness and Anonymity

"Recently I gave a presentation in Chiang Mai, Thailand on “blockchain governance” and made the argument that there exists an acceptable threshold of centralization, trust and strong identity required to achieve an environment where on-chain governance can exist and thrive. In some circles, especially within Bitcoin, introducing any of these 3 qualities results in a perceived net negative value proposition, which I don’t believe is true."

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Crypto Market Cap: An In-Depth Review & Survey Of Emerging Alternatives

"This piece is a guide to the metric that dominates discussions of value in cryptocurrencies: market capitalization."

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A NEW MODEL FOR TOKEN DISTRIBUTION

"One of the most important but least discussed measures of decentralization is the distribution of tokens, or in other words the concentration of wealth within an ecosystem. The concentration of wealth in a given ecosystem can be quantified using the Gini coefficient. The higher the Gini coefficient, the more concentrated the wealth."

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Analyzing token sale data for smart contract protocols

"this article will look at the token sales of Ethereum, EOS, & Tezos and analyze the data, especially from an equity perspective."

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