The Control - Issue #15
The token economy is coming. Entrepreneurs around the world are building products with tokens embedded to drive strong network effects. Bitcoin and Ethereum are the most successful examples but they're not the only projects using tokens to rally global movements of people. My latest piece examines this phenomenon in detail: The Token Economy
I'm excited to be co-hosting the Token Summit in NYC on May 28th with many of the best developers, entrepreneurs and investors that are paving the way in this nascent ecosystem. We'll be talking about the economics, governance, and legal implications of tokens. If you're interested in attending the Token Summit, don't hesitate to reach out to me directly (nick@thecontrol.co).
Required reading this week
Fred Wilson shares the news about our Token Summit in NYC on May 24th - 25th. Let me know if interested in being involved!
Wikileaks Unveils 'Vault 7': "The Largest Ever Publication Of Confidential CIA Documents"; Another Snowden Emerges — www.zerohedge.com
This was an under the radar story that I couldn't leave off even though it's not directly related to blockchains. I believe events like this will continue to highlight the privacy and security benefits of user-controlled products enabled by public blockchains.
Why Ethereum is great for payments — medium.com
Ethereum currently has some compelling benefits as a payment rail over traditional rails as well as Bitcoin. It also has some weaknesses and it will be interesting to see how online payments play out with over time with the two.
A safe token sale mechanism — medium.com
Vlad Zamfir shares an interesting idea about how to minimize the volatility and risk for a pump and dump when doing a token sale.
A blockchain in 200 lines of code — medium.com
A useful piece by a developer on exactly what a blockchain is.