Good morning,

Quick update. Starting next week, member posts will be going out on Thursdays.

On to the post:

Erasure (of prior token models)

Disclosure: I hold a very small amount of NMR

If you invested in an ICO this time last year, you probably read the white paper (or delegated that job to a YouTuber or something) and decided that their plan was sensible enough. You also probably invested with the expectation that the plan would not change much. Because otherwise, why even put much weight on that original plan? After all, blockchains are transparent and immutable so the projects built on top of blockchains are as well, right?

Not quite. And people tend to get very upset when they relearn this, like when Bancor froze funds to protect itself from further losses following a hack.

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Members receive a members-only analysis each week that is timely and substantial. I've been asked to be more opinionated and responsive to current events, so I'll try to do that in this more private forum. If you want my critical take on what matters in the industry, you might enjoy these analyses.

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If you aren’t already familiar with my work, I write long-form analyses on building and investing in crypto, and the impact of crypto on society.

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Member updates

December 13, 2018

Augur is a Keynesian Beauty Contest (plus Bitcoin, Basis)

December 5, 2018

How Tron wins (plus Erasure, BinanceChain)

November 28, 2018

DLTs not Cryptocurrencies?