The State of Blockchain, October 2019
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The document discusses the functions and history of money. It mentions the four traditional functions of money as outlined by W.S. Jevons in 1876: medium of exchange, unit of account, standard of value, and store of value. It then discusses various applications of blockchain technology including security tokens, decentralized autonomous organizations, initial coin offerings, and cryptocurrency market capitalization compared to other asset classes like private equity, real estate, and derivatives. The document provides an overview of topics related to digital currency and blockchain applications.
The State of Blockchain, October 2019
- 6. Medium of Exchange Unit of Account Standard of Value Store of Value W.S. Jevons 1876
- 18. Application Layer Protocol Layer Application Layer Protocol Layer ValueTransfer 2018 | 2019 | 2020 | 2021 | 2022
- 19. Private Equity • $70T Legacy Fiat Money • $80T Real Estate • $228T Derivatives • $544T
- 20. Cryptocurrency Confusion The future of money The state of Security Tokens Crypto investing Cryptokitties – future of ownership Decentralized Autonomous Organizations Christian Kameir Further Reading
- 22. For-Profit Corps
Editor's Notes
- #2: Sustany Venture fund focused on blockchain Ethereum Blockchain Meetups since April 2015 Investing is about timing – Don’t invest into first social media company but the last Analyzed several thousand blockchain projects throughout the past five (5) years
- #4: Decentralization of incentives key to immutability NOT blockchain: “Blockchain Technology” – cryptographic encryption method linking hash data in a consecutive method Not DLTs No “private” blockchain No “Enterprise Blockchain:
- #7: William Stanley Jevons - Money and the Mechanism of Exchange Published the same year Alexander Graham Bell was awarded the patent for the telephone
- #8: Current banks use ‘Distributed Ledgers’ Counterparty Risk Less than 8% of money exists in physical form Bank failures in the US since 2000: 555 – on average every-other week (with the exception of 2018) JPM Market Cap: $390 B BofA Market Cap $325 B
- #9: COW – Coincidence of wants problem
- #12: The first actual Fintech
- #13: Kitty by Brazilian artist Guile Gaspar
- #14: Titles, Deeds
- #15: Born on the blockchain
- #17: Ommit the middlemen
- #19: FAT Protocol (Joel Monegro Union Square Ventures) wrong: not captured value
- #20: Ommit the middlemen – Approaching Quadrillion
- #21: Ommit the middlemen
- #23: Ommit the middlemen
- #24: Ommit the middlemen
- #25: Ommit the middlemen