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The Unknown Path to a Decentralized Future
Albert Wenger – Sep 22, 2017
Some companies with currently centralized services have been criticized for issuing tokens and raising money in ICOs. There are even allegations that venture investors are pushing companies to do so as a ploy for liquidity. I suspect that some situations like that do actually exist, but I know from first hand conversations that many of the entrepreneurs pursuing this route are doing so out of a genuine conviction that it is the right path to a decentralized future. Read more
The Unknown Path to a Decentralized Future
Albert Wenger – Sep 22, 2017
Today’s post is over at USV.com on “The Unknown Path to a Decentralized Future.” Here is the opening: Read more
World After Capital: Progress Report
Albert Wenger – Sep 18, 2017
My book World After Capital has been an ongoing project for a couple of years now. I am excited that as of this weekend I feel it includes all the ideas I want in there. Some of them, such as [...] Read more
Uncertainty Wednesday: Weather (Intro)
Albert Wenger – Sep 13, 2017
So far in Uncertainty Wednesday we have mostly built up concepts and ideas, with only one extended example. Given the two massive hurricanes Harvey and Irma, the weather received a lot of attention, including the question to what extent the [...] Read more
ICOs and the Promise and Perils of a Global Capital Market for Everyone
Albert Wenger – Sep 8, 2017
I have already written a bunch about ICOs here on Continuations, including earlier this week about the Chinese ban. Regulators are approaching this, not surprisingly, by focusing on their own country. While that’s understandable, it undermines one of the most [...] Read more
DACA and the Immigration Policy Mess: Pass the DREAM Act
Albert Wenger – Sep 6, 2017
Since I am an immigrant to the United States I want to comment on the Trump administration’s announcement yesterday to end DACA (Uncertainty Wednesday will resume next week). I first came to the States as an exchange student in 1983 [...] Read more
China, ICOs and Crypto Regulation
Albert Wenger – Sep 5, 2017
As has been widely reported, China has banned all ICOs. Given the torrid pace of ICOs in China, many of which appear to be downright scams, this should not come as a surprise. What will be interesting to see though [...] Read more
Taking a Break
Albert Wenger – Aug 18, 2017
This will be my last post until Labor Day. I will be spending as little time online as possible, reading books instead, spending time with family and friends and working on World After Capital. I will be disabling all notifications [...] Read more
Uncertainty Wednesday: Risk Seeking (Jensen’s Inequality Cont’d)
Albert Wenger – Aug 16, 2017
Last Uncertainty Wednesday, we saw how diminishing marginal utility of wealth provides an explanation of risk aversion via Jensen’s inequality. Why would it be then that lots of people seem to like small gambles, like a game of poker among [...] Read more