Digital Currency Group
DCG is a venture capital company focused on investing in cryptocurrency-related businesses. They've invested in Coinbase and Ripple and they own Greyscale and CoinDesk.
Digital Currency Group people
Top experts from the Digital Currency Group network.
Reviews by Digital Currency Group people
Cryptocurrency reviews from the executives, employees and alumni of Digital Currency Group.
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
I reread this piece from late 2015 on the Stellar / Ripple drama. The fact that both companies are alive and well today took me by surprise.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
What Numerai is doing is extremely exciting. A data science hedge fund with open, encrypted data.Full review
Numerai could drive a market for Bitcoin - pretty compelling use case.Full review
Let's talk about today's MakerDAO / a16z announcement. for those who missed it, a16z's crypto fund bought 6% of Maker tokens for $15M, at a 25% implied discount to the current price of MKR....I'm sure people think this is a great sign for the project - being able to recruit high quality capital. but, i think this is a massive failure in governance and project management.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
I did a light diligence of XRB last night and came away cringing. They called their blockchain a block lattice. Everything else about it was pretty cringeworthy too.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
I never understood the excitement surrounding Augur. Perhaps I would like it more if it made a better case for why decentralized prediction markets are needed. This isn't at all convincing.Full review
There are way too many projects being "tokenized." Not to pick on Dentacoin, but this token for the dentistry industry with a very obscure value proposition had a peak market cap of $2.1 billion. It's now 1/20th of that — but still too much.
Most ideas don't need a token.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
One of the things I like about Decred is how well the developers understand the nuance and subtleties of decentralization. Absolutism is tunnel vision.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
I believe Tezos is an important experiment in on-chain governance. While Tezos has many unique features that make it separate and distinct from other projects in the space, the one that’s least appreciated is its governance mechanism and approach to change... Unlike passively holding Bitcoin and participating in its price appreciation, Tezos is unique in that it requires users to participate in consensus or risk having their tezzies lose value due to inflation of the network. This creates lots of fun agency questions about how networks like Tezos, their governance, and their function may evolve over time.Full review
I’m betting that Decentraland is the killer app for VR. Virtual land ownership, in world currency (MANA) and ownership/trading of digital goods will deliver the missing ingredient to VR: greed & speculation. The ability to make money will draw the masses.Full review
Decentraland (and many other dApps) has a strong idea, tech, and [non-fungible] token (LAND), [but it has] questionable legal standing (ICO) and second [in-world currency] token (MANA)Full review
[Bitcoin is] going to be what it has always been—open source money. Utilization will grow by push and pull. We’ll push Bitcoin to users by building truly delightful user experiences and applications—I see those being built, albeit slowly. And on the pull side, there will be groups of people who seek out Bitcoin, who are willing to overlook the current limitations and the learning curve because it’s a matter of life and death for them. Choice is an incredibly powerful and sometimes destabilizing force.Full review
As far as I'm concerned, Bitcoin has won the race to be digital gold. . . . [W]hatever money is [currently] in gold is not going to stay in gold. That gets handed down [by the Boomers] to millennials—I'm highly confident a lot of that will go into Bitcoin.Full review
BitTorrent is an open-source P2P software client that does not use a token in any way, shape, or form. $BTT is a coin made by Tron to finance its own marketing budget.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