Tag: 2018 Review

Why ‘Mainstream Adoption’ Is an Unfair Success Metric for Dapps

Why ‘Mainstream Adoption’ Is an Unfair Success Metric for Dapps

Coin Desk
Coleman Maher is the head of partnerships at Origin Protocol, a blockchain platform for peer-to-peer marketplaces. You can follow him on Twitter @colemansmaher. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Two popular refrains by crypto commentators in 2018 were “the herd is coming” and a call for “mainstream adoption.” Prognosticators openly speculated on the impact institutional investors would have on the value of the crypto assets in their portfolios. Although we did see bitcoin futures launch, exploding venture capital activity and Yale’s endowment dipping its toes in crypto investing, prices have gone down, not up. We are still waiting for this herd. However, it’s safe to say retail speculation on crypto assets has already reached some level of “main
All Crypto Is Created Equal? That’s What Regulators Seem to See

All Crypto Is Created Equal? That’s What Regulators Seem to See

Coin Desk
Mason Borda is an entrepreneur who has spent his career building secure infrastructure to enable the compliant transfer of digital assets. He is the CEO and co-founder of TokenSoft Inc, which offers a suite of products focused on institutional grade compliance for companies to issue and manage digital assets and digital securities. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. As we enter 2019, it’s clear that blockchain technology is predicted to disrupt a range of industries, and that the future of blockchains may reside with tokens. In fact, in the second half of 2018, security tokens became one of the most written about areas within the growing digital asset industry. Publications have started to call 2019 the year of the security token. But what does t
The Time Is Now: We Need an Active Approach to Blockchain Inclusion

The Time Is Now: We Need an Active Approach to Blockchain Inclusion

Coin Desk
Alexis Gauba is co-founder at she256, a nonprofit dedicated to increasing diversity and breaking down barriers to entry in the blockchain space, and Mechanism Labs, which is conducting blockchain based research experiments in the domains of distributed consensus, scalability, and usability.  The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Blockchain technology has been challenging norms and pushing boundaries since its inception, and 2018 was no different. We saw a selection of projects on bleeding-edge frontiers, unlocking ideas that didn’t previously exist and actions that simply weren’t possible before. This struck me personally. When I got into the space, I was not only fascinated by the technological challenges, but also ideologically drawn to these big
I’m As Certain As Ever – Bitcoin’s Revolution Is Only Just Beginning

I’m As Certain As Ever – Bitcoin’s Revolution Is Only Just Beginning

Coin Desk
Tim Draper is a founding partner of Draper Associates and headmaster at Draper University. For more on bitcoin’s 10th anniversary, check out our new interactive feature Bitcoin At 10.  ————————————————————— It wasn’t 10 years ago, but more like 15, when I first saw the potential for a digital currency. I’ve been through some big up and downs in bitcoin. But today, I’m more certain than ever that the bitcoin revolution is coming. In 2004, I learned from a wealthy Korean industrialist that people were paying real-world money for digital items like weapons to use in massively multiplayer video games. The game was “Lineage,” which was taking Seoul by storm. It got me thinking that there was an amazing business in virtual goods coming. Later, Joel Yarmon first introduced me to bitcoin in about
Web 3.0’s Crypto Winter Mission: Keep Our Heads Above the Hype

Web 3.0’s Crypto Winter Mission: Keep Our Heads Above the Hype

Coin Desk, ETHEREUM
Jutta Steiner is the founder and CEO of Parity Technologies, a blockchain infrastructure and innovation focused company building platforms and applications. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. The past year has seen an onslaught of doom-and-gloom narratives shower down on our fledgling movement, in stark contrast to the inflated hype cycle we swam through the year before. I am here to report that this year has, in fact, been a tremendously productive one for the teams hard at work building the decentralized web’s core infrastructure. We are far from drowning in the expectations that were set 2017 – rather, we have a found refreshing calm and focus in the storm many have dubbed “Crypto Winter.” When Gavin Wood and I left the Ethereum Foundation to
‘0% Success’: Why Blockchain Apps Just Aren’t Taking Off

‘0% Success’: Why Blockchain Apps Just Aren’t Taking Off

Coin Desk
Yin Wu is the founder of Dirt Protocol, a protocol for decentralized information curation that aims to organize the world’s data and make it freely accessible. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. In 2018, the promise of a decentralized future fell apart. The most widely used dapps have a few thousand daily users and a study of 43 blockchain applications found a zero percent success rate. With so much funding and talent in the space, why do we have so little success to show? There is a broken process for building and launching blockchains applications today. Rather than working within an low-risk environment that supports iterations and learning, blockchain companies follow a playbook that stacks the odds against their success. By pre-selling a pro
Decentralized Exchanges: 2019’s Key to a Dapp Comeback

Decentralized Exchanges: 2019’s Key to a Dapp Comeback

Coin Desk, EOS, ETHEREUM
David Lu is a partner at 256 Ventures where he focuses on partnering with early stage blockchain companies and a venture partner at Virgil Capital, a quantitative cryptocurrency hedge fund. Find David on Twitter. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Ethereum and EOS, the two major platforms on which decentralized applications (dapps) are built, have market capitalizations of $15 billion and $2 billion, respectively. But, unfortunately, the number of dapp users simply fails to correlate with the market capitalization or valuations of these projects, with figures ranging in the thousands at best. Whilst it is impressive observing dapps execute functions in a decentralized manner that once required centralized authorities, we’re still many years from

Security Token Offerings: A Way Past the SEC’s Incomplete Crypto Guidance?

Coin Desk
Chi-Ru Jou is a partner in the Blockchain Technology & Digital Currency Group of CKR Law LLP, a global law firm with approximately fifty offices worldwide and more than forty attorneys contributing to the blockchain group. The views offered in this article are her own only. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. 2018 has been a tumultuous year on the regulatory front for the blockchain industry. The year began with news that the SEC had issued dozens of subpoenas for blockchain startups that had issued unregistered token offerings, spreading alarm throughout the crypto world. These investigations have recently resulted in penalties, mandatory securities offering registrations and in some cases reimbursement to investors, for a few blockchain comp
Africa Needs Open Currency Competition. It Needs Cryptocurrency

Africa Needs Open Currency Competition. It Needs Cryptocurrency

Coin Desk
Terence Zimwara is a cryptocurrency enthusiast and economic analyst from Zimbabwe, with firsthand experience of his country’s record hyperinflation. Terence also likes to share his views via his blog. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. As digital currencies gradually gain traction, a counter narrative emerged as the year progressed: central banks that belatedly acknowledged the value of cryptocurrencies now want to launch their own. However, some want the prerogative to issue this currency assigned to them and only them, because central banks ‘enjoy the confidence’ of the public. Speaking at a Brookings Institute organized discussion event, Agustin Carstens, General Manager of the Bank of International Settlements, boldly declared earlier this yea
The Coming Bifurcation of Bitcoin

The Coming Bifurcation of Bitcoin

BITCOIN, Coin Desk
Angus Champion de Crespigny is an advisor to blockchain projects and a former EY blockchain lead. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  Amongst many others, the bitcoin community for the past few years has been working with two particularly important ideas related to the asset’s future. One is the narrative of institutional adoption: the idea that institutions will begin buying (or facilitating the buying) of bitcoin as an investment. The other is decentralization: emphasizing control of one’s own monetary sovereignty and the ease with which people can participate in the network at an affordable cost. While both are important in their own ways, considering how institutions operate, it is likely that these two narratives are going to conflict. This