Understanding Value Creation and Capture in Crypto

Most investors will tell you that one of the most important considerations when assessing investments is the idea of value – how it is created, how it is captured, and how it is conserved. This is true for all asset classes and blockchain is no different.

Deciphering Blockchain will be exploring the concepts of value creation and capture through the deconstruction of Joel Monegro’s ‘Fat Protocol’ Argument (original post and updated thesis).

We had fun discussing the Fat Protocol thesis and enjoyed how engaged the audience was that night!

Primer on Security Tokens

Our first post on Deciphering Blockchain is the audio recording and slides from our “Primer on Security Tokens” (link to presentation below) event held at ConnectionsSF on August 9, 2018.

We’ll go through what makes something a security, walk you through the process of issuing security tokens from the perspective of the entrepreneur, and lastly go through the implications of investing with security tokens from the perspective of the investor.