ConsenSys is a venture production studio dedicated to building Ethereum dApps and infrastructure.
Top experts from the ConsenSys network.
Reviews by ConsenSys people
Cryptocurrency reviews from the executives, employees and alumni of ConsenSys.
But the company is managing a “bridge currency” [XRP] that they package to retail investors who buy on the assumption that they are front-running big bank purchasers.Full review
NEO's "Ethereum but China" pitch reminds me of Litecoin's "Bitcoin but Scrypt" pitch in 2013. A long, dark winter followed.Full review
Super bullish on tokens that must be staked as part of ML tournaments, like proof-of-human-work. Aside from Numerai, who's doing it well?Full review
Seriously, what the fuck is NEM? I'm grabbing a beer.Full review
0x just keeps shipping. One of the best in the industry at keeping the blinders on and building.Full review
Medium-of-exchange tokens work when their signaling value is higher than the cost to implement it. There's always value in this collectible aspect of it. See: Dogecoin.Full review
Very few token projects are producing or even planning to produce cash flow for holders. But CF doesn't preclude a token from being a utility: Filecoin, Golem, Numerai, etc., are utilities that should be CF+. Instead, we've written off revenue generation . . . just like the dot-bombs.Full review
The more I'm reading and talking to people, the higher probability I assign to BCH beating BTC. Still an underdog, but I'm not convinced my assumptions about BTC having the economic majority are still correct.Full review
Most of my concerns with BTC since 2013 have been around fungibility.
No one seems to care about the increasing sophistication of Bitcoin surveillance tools. The lack of attention there is why I'm overweight XMR.Full review
Full nodes on the Bitcoin blockchain store every transaction made going back to the zero block; full nodes on the Ethereum blockchain additionally store the static code (if any) associated with a given account and that code’s current state in storage.Full review
Dai survived one of its most significant tests in 2018. “Can Dai survive a market crash?” Asked and answered. Dai survived the 94% drawdown in ETH, and the move from a single-collateral to multi-collateral model should accelerate its adoption in 2019.Full review
Zcash and Decred are both interesting alt-coins, but what's to stop Ethereum from just copying their innovations?
[It's] similar to how big companies incorporate the best ideas from startups into their products all the time in other verticals. Bitcoin can't copy/steal good ideas bc of technical limitations and governance issues, but what's to stop Ethereum from doing it exactly?Full review
Stripe was so great because it was way simpler than PayPal for developers to integrate, but Ethereum is simpler than Stripe even.
If you want your hackathon project to take payments, Ether is simpler than dealing with credit cards, PCI compliance, charge-backs, etc.Full review
Zcash is the second most important project in the industry to me, because it's the only one with close-to-perfect privacy embedded in the core protocol...something we need for both fungibility (for dissidents) and enterprise adoption (for customer privacy). Zcash is also a canary in the coal mine and the front lines for how crypto will be regulated on a global scale. If Zcash is restricted (as is possible in Japan, Korea, etc.), then I think privacy upgrades to BTC will become all but impossible. I'm thrilled Coin Center has been a major proponent of Zcash, and that there are some smart money, well-networked investors backing the project.Full review
Most attempts to bribe developers and users with airdrops and developer grants will fail (many already are), and most attempts to recruit insiders to a cause with pre-sale discounts and the (diminishing allure) of token flips will bring dysfunction and gridlock to projects. We’re starting to see some teams come to
terms with this reality...
The EOS “cartel” has likely led to irreparable damage in that protocol’s reputation in developer circles (why build on infrastructure that will get hijacked by ruthless investors)....Eos is a disaster, and the worst fears surrounding its cartel seam to be materializing.Full review
Telegram's gonna figure [out TON] because it's about team, community, and ripping OS code that works. Wish I had gotten a piece. [Long term] hold.Full review
Only two crypto protocols have reached product market fit to date:
BTC - censor resistant payment & SoV
ETH - open finance (ICOs, DeFi apps)
The next closest are:
MKR - censor-resistant peg & creditFull review
BNB - discount/burn quasi-security
LTC - a fast moving bitcoin test net
If a network like Bitcoin or Ethereum has thousands of nodes, we can be confident that these systems are harder to improperly manipulate than nearly any system in human history. We would achieve maximal decentralization of a blockchain network if every person on the planet owned precisely one full node device connected to the network.
Proof of work systems are vulnerable to reduction in decentralization at the node network level due to costs of hardware and energy, preferential access to optimal hardware, and efficiencies of scale. A well designed proof of stake system will remove these asymmetries, enabling more people to own or control hardware on the network. The barrier to entry will be low enough so that nearly anyone will be able to validate transactions on the Ethereum network and help secure it.
Casper proof of stake will bring breakthroughs in scalability, while enabling the network to be more decentralized and therefore more secure. Casper on the Ethereum Beacon chain is live on testnets now, and the 8 teams building their own implementations of the protocol should be in sync on a shared testnet within a small number of months.Full review
As has been debated endlessly, a platform controlled by 21 crypto bros is just not all that decentralized. They can collude and censor if they wish. Governments and other well resourced actors can bribe them or force them to act against their will and against the well-being and security of the people using the platform.
It has been argued that if these block producers start behaving badly, they will be voted out, and that is the main source of decentralization in the system.
Unfortunately, there is no good way for anyone to detect that they are colluding, or have been corrupted or forced into some sort of improper action. I can imagine EOS being used for some games, but not even for games that have high value tokens. It will be too easy to organize to steal value on this platform.Full review
The Polkadot worldview sees Ethereum connected as a potential “virtual parachain” via a bridge. For any parachain to become attached to the Polkadot relay chain, it must be voted in by the holders of dots — the Polkadot system token. These voters can also choose to pause a parachain or remove a parachain from the system if it is deemed to be out of compliance with what the majority prefers. Effectively, this is a permissioned system, and white listing and blacklisting of entire parachain networks is a core tenet of the governance system of Polkadot.
One could imagine a parachain choosing to be permissionless and allowing anyone to upload any dapp, but ultimately the DOT holders might take issue with this, as they might be considered by authorities to be responsible, so it would probably be too dangerous a policy for a parachain to offer. It is likely that this will be a permissioned and highly controlled blockchain platform.Full review
Cosmos doesn’t really propose a base trust layer. It seems more focussed on enabling different sovereign platforms to interoperate side-by-side. And it doesn’t appear that there will be much interoperation between platforms in the next few years beyond enabling tokens to move back and forth across network boundaries. The Cosmos team feels that this will be the main and most important interoperation use case.
I expect Cosmos to have good utility as a layer two solution, linked into the base trust layer when necessary. Cosmos also expects to interoperate with Ethereum through a token bridge.Full review
First, some context: I think the#blockchain space benefits from experimentation, including the Libra project. What does not benefit the space is a Facebook-led blockchain project, led in typical Facebook style....
Mark Zuckerberg talks about Librain terms that are quite familiar (and validating) to the people already building blockchain systems: broadening financial inclusion & fixing a broken financial system.
How they propose to achieve that with a consortium of a few dozen mega-corporations at the helm is less clear––to say nothing of their own track record with the public’s data and privacy rights, issues many on the Committee similarly raised.
The Libra story is about dominant technology players trying to shoehorn themselves into what is going to be the future of the internet. Possibly they see the writing on the wall and want to make sure they have a seat at the table when new technologies like blockchain take hold.Full review