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Chris Burniske Profile picture
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23 Dec, 4 tweets, 1 min read
I do.
Where $BTC is the mother token that spawned all the rest.
What we’re seeing with the SEC is continued formalization about which tokens will be considered securities (eg, $XRP) and which won’t (eg, $BTC & $ETH).
But the fact that the SEC, along with nearly every other tangentially related government arm cares, shows how important tokens are.

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More from @cburniske

Chris Burniske Profile picture
16 Dec
Bear markets reward reality over promise.

Bull markets reward promise over reality.
Yesterday in @placeholdervc's Tuesday meeting, @alexhevans pointed out that some of the assets with clearest fundamentals (eg, $MKR and $NXM) are slow and steady in their growth, while some of the shakiest cryptoassets raise eyebrows with their reflexive boom/busts.
.@BradUSV pointed out that sometimes teams that raise on the promise of things, fetch higher valuations than when they have real #'s that bring valuations back to Earth.
Read 5 tweets
Chris Burniske Profile picture
24 Nov
Ceteris paribus, halvings double the cost of producing a single unit of a PoW-based #cryptomoney like $BTC or $ZEC.
Cost of production is important for commodities, as it sets the price floor at which a producer is willing to sell.

As argued here, I believe PoW-based #cryptomonies classify as commodities: static1.squarespace.com/static/5a479ee…
A halving's effect on price is a lagging one, driven by changes in miner economics and thereby the market structure of ASKS.
Read 4 tweets
Chris Burniske Profile picture
12 Oct
Love ❤️ is one thing that can't be tokenized.

If blockchains become like economic water, trying to "tokenize love" would be akin to washing cotton candy with that water 🧵
Dating apps are the step before attempts to tokenize love. It's a common complaint that dating apps "commoditize love."

That's right; dating apps make a special connection something that people aim to produce efficiently, like a commodity.

In so doing, love loses its essence.
Everything we do is for our social relationships, which feed back into the relationship with ourselves.

Often people get confused, that the money, or the token, gets you to the end destination.

And that end, whether you acknowledge it or not, is love...belonging.
Read 7 tweets
Chris Burniske Profile picture
29 Sep
As much as I ❤️ #Ethereum, crypto innovation will not be constrained to , just as it wasn't constrained to .
The ~year since writing the below piece has been full of fires for up-and-coming smart contract protocols.

For the quality SC protocols, on the horizon is a period of massive growth, alongside #Ethereum's own scaling journey.

placeholder.vc/blog/2019/10/2…
#Ethereum will scale, but that doesn't mean it will capture every middleware protocol & crypto application interface built forevermore.
Read 6 tweets
Chris Burniske Profile picture
28 Sep
Anyone know where the adage...

"Don't talk politics"

...came from?

If politics is how we govern ourselves, "not talking politics" seems like the opposite of what we should be doing.
People will say, "It's not polite to talk politics, it's too controversial!"

If we can't do it gracefully, maybe we need to exercise this mental muscle more?
Maybe being unable to amicably discuss controversial things is one of the reasons society has come to feel so... dysfunctional?

Maybe it's one of the reasons we're not making good long-term decisions, as a group of glorified monkeys on Earth?
Read 8 tweets
Chris Burniske Profile picture
22 Sep
This is 21st-century art. Soon it will be different, and that's the point.

"First Supper" 22 layers @AsyncArt:

async.art/art/master/0x6… Image
"We, cryptoartists, gather in this place to celebrate a new dawn for collaboration, creativity, and interaction between artist, collector, and art-lover alike."
"We hold these tokens to be self-evident, that all layers are created uniquely by individual artists, that each is endowed by their creator with specific immutable rights; that among these are state, rotation, scale, XY position, visibility, opacity, hue, and RGB."
Read 4 tweets

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