Mirabile visu

After warning folks in the industry for three long years that something like this could and would happen to an ICO somewhere, it finally happened: After Contact By SEC, Protostarr #Token Shuts Down Post-ICO, Will Refund Investors https://t.co/8tp1cY8q7X #icos #bitcoin #ethereum #crypto — Laura Shin (@laurashin) September 1, 2017 Points to note: 1.   As expected, in the wake of the SEC’s DAO report, the United States continue to broadcast that they are the least friendly jurisdictions on Earth in which to do an ICO, especially an investment-based ICO. Wyoming-based Protostarr appeared to be doing what I would term a “investment token”…

On token liquidity

Note: I’m not your lawyer, this is not legal advice. Lately I’ve been hearing a lot about how Crypto-Tokens are a magical solution to startup and VC liquidity problems. I half-blame Balaji Srinivasan for starting this meme with his very cogent and forward-thinking blog post Thoughts on Tokens, in which he wrote: tokens are not equity, but are more similar to paid API keys. Nevertheless, they may represent a >1000X improvement in the time-to-liquidity and a >100X improvement in the size of the buyer base relative to traditional means for US technology financing — like a Kickstarter on steroids. This in turn opens…

On the Perils of Being an Intellectual Outlaw…

Originally posted on Wandering Near Sawtry:
I still like Christopher Hitchens. No, really, I do, and I say that despite disagreeing with almost all of his opinions: the one-size-fits-all liberal internationalism; the reckless interventionism; the dogmatic atheism and the socialist nostalgia. I say that despite disliking his rhetorical style: the sweeping divisions of the world into good and evil; the reduction of events to intellectual disputes; the aggressive urge to discredit his opponents and the moralising of what should be pragmatic concerns. Dullards of the left think that he became a conservative but while his revolutionary instincts changed allegiances from…

alt-politics

From my friend Perry: I’m thinking this morning of all the benefits that “Social Media” have brought us.   The first that comes to mind is the way that it operates like the propaganda department of the NSDAP, reducing all complicated issues to minimal-length slogans.   Indeed, Twitter has explicitly restricted us to 140 characters for all thoughts, thus assuring that only the simplest possible ideas can be expressed. However, even Facebook has managed to provide a forum in which complexity in ideas is to be shunned, and conformity with simplistic, memeable positions is to be lauded. (The platonic form of…