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Chris Burniske @cburniske
, 3 tweets, 2 min read Read on Twitter
1/ This is the best step forward I've seen in months on refining MV = PQ to arrive at a rational utility value (RNV) for a #cryptonetwork.
2/ "We think that a blockchain’s rational utility value is better modelled as today’s utility value plus discounted additional current utility values (ACUV) for every year to infinity." -@HASHCIB medium.com/@HASHCIB/the-n…
3/ Good musings on a forward looking NVT Ratio: Network Value to Future Transactions (NVFT) ratio.

"Traditional finance places more value on price to future earnings ratios than on price to historical earnings. By the same token, it makes sense to use NVFT to value cryptoassets"
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More from @cburniske see all

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1/ Blockchains collapse the cost of digital asset creation, custody & transfer, enabling *programmable value* of all kinds.
2/ Money, while an important application of blockchains, is a subset of the broader programmable value universe.
3/ A money like #bitcoin is likely to be the greatest *single instance* of value capture within the programmable value universe, which is why many of the top #cryptoassets today are battling for this position.
Read 8 tweets
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The mainstream has almost entirely forgotten about #bitcoin again.
In conversations with people from home, many recall the #crypto hype from a year ago, but have stopped paying attention since.
Yes, there are a lot more “decisions makers” that have gained a basic understanding of #crypto, which is great.

And the technologists & financial folks that feed off the bleeding edge continue to pay attention, invest, or build, just as happened in 2015.
Read 5 tweets
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$ETH has been leading the #crypto market of late, likely in anticipation of the Constantinople upgrade in mid-January which will cut supply issuance by 33%.
2/ When it's showing up as a @binance announcement, it's fair to assume the information is starting to get baked into $ETH's price: support.binance.com/hc/en-us/artic…
3/ Notable that the market's not seeing red at the mere mention of a hard fork, too.

Instead the focus is on the supply-inflation cut + upgrading #Ethereum over time.

Shows me that we have more informed market participants & the daytrippers are long gone.
Read 3 tweets

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Over the past weeks, the 🇪🇺 Parliament has issued two reports on #blockchain. I'll summarize the key points below.

👇
First, an Opinion by the Committee on Civil Liberties, Justice and Home Affairs, which considers the tech 'capable of decentralising forms of human interaction, the markets, banking and international trade'.

europarl.europa.eu/committees/en/…
It informed the 2nd report I'll mention below and focused on the #GDPR, stressing the capacity of blockchains for data protection by design. It mentions zk-SNARKs specifically (but remains mum on implications for AML etc).
Read 17 tweets
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#Blockchain is more than a market. It’s a movement.
Market cap doesn't reflect activity. Decentralized networks are growing.

-10B+ daily API requests served by @infura_io
-1M+ @trufflesuite downloads
-1M+ @metamask_io downloads
-12K+ live @Ethereum nodes
-48M+ unique #Ethereum addresses
-3x @LinkedIn #blockchain job openings
Blockchains are solving real-world problems. Governments get it.

-Israel’s encrypted messaging system
-Estonia’s electronic healthcare record trials
-Dubai’s 2020 initiative
-South Africa Reserve Bank’s @goquorum trial
-Japan’s e-voting system
-Zug @uport_me IDs + crypto ATMs
Read 20 tweets
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OKEX straight up asked us to increase volume by any means necessary or get delisted. Wonder why the SEC won't approve ETFs? 🤔

Sry OKEX we'd rather focus on our business not yours.

@SilvioSchembri @JosephMuscat_JM this is why 🇲🇹 needs to be very selective.

(Continued)
Bittrex is the most legit exchange, period. No bullshit fees to get listed, no fake volume or manipulation, the future of Blockchain tokens will be tokenized securities on approved exchanges with ring fenced custody. These other exchanges are in trouble long term.
The fact that OKEX charges token teams massive listing fees then forces them to fake liquidity is 😂.

Exchanges need to stop robbing token teams & start building platforms to enable innovation & access.

They need real tokens like $UKG more then we need them.
Read 7 tweets
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We had our final class of Cryptocurrencies, #Blockchain Technologies & the Law yesterday!

At long last, here is the syllabus. (And yes, it is already out of date in this high-speed #crypto world.)

ledgerprof.files.wordpress.com/2018/11/blockc…
The course, as with the tech itself, is a work in progress. Thanks to my students for going along for the ride and to @VladZamfir for joining us for the governance class!
Some of my learnings:

It's really hard to decide how much time to spend on basics of the tech before moving into legal questions. I wish students could have a full course on the tech, its historical antecedents, its history over the last few years, key players in the space, etc.
Read 10 tweets
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Not sure if I'm more upset that Kodak, the once global undisputed master of imaging has resorted to being a crypto-currency peddling huckster or that enough people bought into this to significantly inflate their share price
davidgerard.co.uk/blockchain/201…
#KodakCoin #KodakCES2018 #Kodak
The crazy thing is that Kodak isn't even the worst example of throwing cryptocurrency buzzwords about to pimp your share price. Even chilled beverage manufacturers are in on the action.
arstechnica.com/tech-policy/20…
#KodakCoin #cryptocurrency #blockchain
And burger restaurants...
arstechnica.com/tech-policy/20…
#MobivityMerit #Hooters #blockchain #cryptocurrency
Read 10 tweets
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1/ #Blockchain and #AI are two juggernaut technologies of our era. How do they connect?
One word: #Data
2/ In the world of AI, data is king, and so too are the data monopolists like Facebook, Google etc.
3/ Blockchain gives the data back to the people, breaking the data monopolies
Read 10 tweets

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