A historical collection of our writing.
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 (from get rich quick to change […] Read more (opens Continuations in a new tab)
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 currency.” No matter how you think about tokens, […] Read more (opens Continuations in a new tab)
I have for some time pointed out the negative impact on innovation of the appstore duopoly. Things are getting worse though. With the latest releases of iOS and Android the ability of third party developers to create great experiences are being further curtailed in the name of privacy and battery […] Read more (opens Continuations in a new tab)
Last week in Uncertainty Wednesday, I introduced Shannon entropy as a measure of uncertainty that is based solely on the structure of the probability distribution. As a quick reminder, the formula is H = – K ∑ pi log pi where ∑ is over the i = 1...n of the probability distribution Now you may […] Read more (opens Continuations in a new tab)
I recently read “Seveneves” by Neal Stephenson and just last night finished “The Dark Forest” which is the second book in the “Three Body Problem” trilogy by Cixin Liu. What these books have in common is that they look at a threat to humanity’s existence and probe our responses to it. This […] Read more (opens Continuations in a new tab)
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 P(A) = p1 with P(B) = p2 = 1- p1. I am using indices because […] Read more (opens Continuations in a new tab)
