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Mechanics of the token sale

In case you missed it, today Brave raised $36M for the Basic Attention Token .  They had allocated 30 days for the token sale, but sold out of 1B BAT in 24 seconds. The Basic Attention Token (BAT) ICO just raised [...]  Read more

Uncertainty Wednesday: Entropy

Today in Uncertainty Wednesday I want to start on the idea that just the shape of the probability distribution alone contains some measure of uncertainty. Let’s think about the simplest case again with just two states A and B and [...]  Read more

A Man For All Markets

I have had this book, A Man For All Markets , on my kindle for the past year. I can’t recall who recommended it, possibly my friend Jeremy , but I can’t be sure. A couple weeks ago, I had [...]  Read more

Regulating source code

As more areas of our economy become computerized and move online, more and more of what regulators need to understand will be in the source code. For example, take the VW emissions scandal : These days, cars are an order [...]  Read more

Tokens

Our friends Balaji and Naval penned a really nice primer on crypto-tokens. AVC readers have been hearing me talk about this new form of business model and fund raising mechanism for a while now and so it won’t be new to [...]  Read more

Video Of The Week: What Is Kin?

Our portfolio Kik announced last week that they plan to decentralize their messenger app and monetize via a cryptocurrency called Kin. Here’s a video they put together explaining how it will work and why it is important: Read more