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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.

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Winners of internet 2.0 will have a hard time adjusting to crypto.

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Blockchain is the embodiment of 21st century tech bullishness and cynicism about institutions.

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Utility tokens are multi-billion dollar opportunity but tokenized securities are multi-trillion dollar opportunity.

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Bitcoin. Would any sane VC invest in a project “lead by a single unknown founder, plans to quit in a year, has a 9-page document with mostly math symbols, no marketing plan/budget, and is projected to have $200,000,000,000+ USD market cap in 10 years”? The crowd did, and made it.

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Never bet against a group of technologists driven by something other than money

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If you're not okay with uncertainty, complexity, novelty, thinking from first principles, ambiguity... and most importantly, breaking rules, you shouldn't be in Crypto.

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Cryptocurrency most important areas for improvement over the next few years: More secure storage (key management). Trust-minimized (decentralized) exchanges. Make 2nd layers more user-friendly, especially via automated routing, while not overly sacrificing trust minimization.

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2017/2018 crypto valuations are pretty much popularity contests. We are still not close to a time where valuations are in line with tech. Things are going to change when professional $ flows in, meaning institutions who actually do adequate research.

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People get amazed by simple magic tricks while being indifferent while using technology

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Crypto assets don't take power away from banks and governments to print money. They empower /anyone/ to print their own money and then the market can choose which monetary properties are most desirable.

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The implication of saying you're designing something to be 'future proof' is that you can predict the future. 'Future proof' is a anti-principle of design.

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Crypto is a bet against the modern macroeconomic dogma, which is passed off as science, but is really a branch of politics - with rulers, winners, and losers.

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The biggest gains in investing come when you bet against a gloomy crowd, on the upside. The low price already bakes their opinion in. Your losses are limited to 1x, and your gains are uncapped.

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People undervalue their time because it can’t be traded. As if pricelessness were the same as valuelessness.

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“An evolving system increases its complexity unless work is done to reduce it.” - Meir Lehman

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In the network economy a firm´s primary focus shifts from maximizing the firm´s value to maximizing the network´s (or platform’s) value.

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OH: "The price of bitcoin is stable--it's the USD that's moving"

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You can believe both that crypto is full of delusional utopian lunatics saying stuff that’ll never happen and that it’s a profound technology that will change the world. That’s what talking about the internet was like in 1994.

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