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Uncertainty Wednesday: Random Variables

Just a quick reminder on where we currently are in Uncertainty Wednesdays: I had introduced the idea of measuring uncertainty, then we defined what a probability distribution is and learned about entropy, which is a measure of uncertainty that is [...]  Read more

Optimal Token Sales

The problem of finding an optimal structure for a token sale is quite difficult. For starters, the objectives between teams and investors are potentially different. Furthermore, these are not homogenous groups. Teams vary widely along at least two dimensions: intent [...]  Read more

Monetary Policy for Crypto Tokens

In an information sessions for Congress, Peter Van Valkenburgh used my favorite analogy comparing crypto tokens to tickets at a fair ground. And William Mougayar has a new post about tokens where he specifically refers to them as “privately issued [...]  Read more