Writing

A central concept on the internet is Layering .  Each of the protocols in the internet stack talks to the layer directly above and below it — new protocols can be added as long as they speak the language of [...]  Read more

In June, the SEC gave some of its most concrete guidance to date that cryptoassets can start out as centralized projects, possibly initially sold under securities laws, and eventually become “decentralized” and thus no longer sponsor-controlled, and no longer sold [...]  Read more

I was at an event last night, where the moderator, Preeti Varathan from QZ observed that there seemed to be a lot of cynicism in the blockchain / crypto space — in other words, that the whole thing was essentially [...]  Read more

There is no shortage of writing and punditry about the power of compound interest . As usual Naval has a pithy tweet about it: Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from [...]  Read more

One of my former colleagues, Rob Marianski , and I used to have a running joke — we would be building and debugging something, and he’d finally say, “Oh, so you just want me to set just_work = true”.  That [...]  Read more

Ryan Caldbeck is on fire on Twitter right now.  Ryan is the CEO of our portfolio company CircleUp , and he just joined Twitter for the first time earlier this year and is, I may say, feeling very comfortable in [...]  Read more

I have been down in DC the last two weeks, among other things, talking to lawmakers and regulators about cryptonetworks and cryptocurrencies .  As part of that, I’ve been spending a lot of time with attorneys — specifically securities attorneys [...]  Read more

As readers of this blog can tell, I’ve been spending a lot of my time recently focused on cryptonetworks and blockchains, and in particular, working through the complex legal and regulatory issues involved. Explaining what cryptocurrencies, cryptonetworks and blockchains are [...]  Read more