DeFi

When trying to predict the future success of any technology, one of the oldest (and best) tricks of the trade is to follow the interests and participation of key engineering talent. The strategy is simple; if a technology attracts the best engineers, they are going to create the best hardware and software for it, and its likelihood of success greatly increases. While not a foolproof strategy, it's easy to understand and relatively easy to execute. Continue Reading →

Monday, the SEC filed a federal lawsuit against crypto influencer Ian Balina for his failure to register a cryptocurrency as a security before launching a 2018 initial coin offering (ICO). Not an unusual lawsuit; the SEC is in the practice of suing purveyors of ICOs it believes fall under its jurisdiction. However... Continue Reading →

A friend invited me to a dinner party. When we were introduced, the host asked what I did for a living, I answered, "I run a consulting practice focused on Web3 strategy and solutions," to which she responded, "Web3 is B.S. You don't even know what Web3 is." Continue Reading →

President Biden’s March 9 Executive Order (EO) on Ensuring Responsible Development of Digital Assets outlined the first whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology. Continue Reading →

I decided to shut down my ETH mining operations a few hours before the Merge last night. It was getting close to midnight, and I didn't want my mining rigs grinding away at "nothing" in the middle of the night. So, with all due pomp and circumstance, I began an orderly, ceremonious abandonment of my mining operations. Continue Reading →

The most significant event in the short history of Web3 will most likely occur on September 15, 2022. That’s when Ethereum, the largest smart contract blockchain (with the second largest cryptocurrency by market cap), is now scheduled to enact an existential operational change. If it fails, “The Merge,” as it is colloquially called, is almost sure to take the crypto markets down with it. But even if The Merge is 100 percent successful, it will come with profound implications regarding censorship, regulation, and the future of money. Continue Reading →

First, my heart goes out to Queen Elizabeth's family and loved ones, as well as to the citizens of her realm. May she rest in peace. Of course, there's also a vile, disgusting, and evil crypto story to accompany the Queen's passing, which comes with a teachable moment. Continue Reading →

On a Labor Day weekend a few years ago, I had a crazy idea that labor law might be an alternative path to meaningful data privacy regulation. Now, with several organizations working on blockchain-based, SSI (Self-sovereign identity), what was a real stretch of the imagination is inching closer to practical application. Think about this… There Continue Reading →

It's rough sailing on the OpenSea. Continue Reading →

Big brands are flipping the Web3 script. According to Dune Analytics, Nike, Gucci, Dolce & Gabbana, Adidas, and Tiffany have amassed a combined $260 million in NFT sales, royalties, and secondary sales. Continue Reading →