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Chris Burniske Profile picture
@cburniske
Jun 28, 2018 • 3 tweets • 2 min read Twitter logo Read on Twitter
#Cryptoassets will soon be released in Korean! New cover👇 chaeksesang.com/book/14671/
I have no idea what it all says, so if anyone cares to enlighten @JackTatar and myself we’d be mighty grateful 🙃
Chinese, German and Portuguese translations still forthcoming, we’ll see if they have different covers too! FWIW, I’m not the designer of these, just the amused author.

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More from @cburniske

Chris Burniske Profile picture
Oct 7, 2018
1/ A PoS industry is rapidly emerging that will someday rival PoW in profits and wealth creation.
2/ That's billions in profit and tens of billions in wealth creation for PoS providers (at current PoW levels), with at least an order of magnitude of headroom.
3/ This is despite PoW & PoS having a shared destiny as commodity industries with thin margins.

PoW will converge on the cost of electricity and PoS on the cost of crypto-capital (?).
Read 13 tweets
Chris Burniske Profile picture
Oct 6, 2018
1/ While new crypto value capture mechanisms can rise to prominence in bull markets, they are tested, hardened and de-risked by bear markets.
2/ Only those that survive multiple crypto bear markets establish themselves as reliable “value capture mechanisms.”
3/ Store of value (SoV) = only crypto value capture mechanism that's significantly de-risked, but that doesn’t mean SoV is the only one that will ever work.
Read 15 tweets
Chris Burniske Profile picture
Sep 23, 2018
1/ Many tokens currently face stagnant cryptoeconomies, as supply was never spent or earned, but instead brought into existence via balance sheet swaps.
2/ “Balance sheet swaps”= investors in ICOs swapping assets with the issuer, giving birth to a native token without it ever having to go into *circulation.*
3/ Most ICO investors then held the token on their balance sheets, as they never planned to be on the supply-side or demand-side of the network.
Read 8 tweets
Chris Burniske Profile picture
Sep 22, 2018
1/ @alexhevans recently dug into the numbers behind forks of #Bitcoin, #Ethereum, #Monero & #Zcash.

Main conclusion: Value can’t be forked away as easily as people like to think. placeholder.vc/blog/2018/9/17…
2/ Secondary conclusion: Despite parent #cryptonetworks retaining users, devs & value, the child forks trade at (puzzling) relative valuation premiums.
3/ To follow are graphs and conclusions from @alexhevans that are relevant to specific actors or ratios (if you're not a fan of long form writing 😉)
Read 11 tweets
Chris Burniske Profile picture
Sep 16, 2018
1/ When studying non-fungible #cryptoassets, I'm seeing two types discussed: "functionals" and "investment instruments."
2/ "Functionals" are non-fungibles that are meant to be used, a means to access services like ticketing, voting, payment, and more. Best existing examples?
3/ "Investment instrument" non-fungibles are held for their store of value characteristics, be they solely digital things, or derivations of meatspace assets (real estate, art, cars, etc).
Read 5 tweets
Chris Burniske Profile picture
Sep 10, 2018
1/ Get ready for a predictable #crypto pattern: in the coming months, we will see an increasing number of #Bitcoin maximalists tormenting “altcoin investors” for straying from the mother ship.
2/ The maximalist drum will get louder as we go deeper into the bear market, with #bitcoin falling less than most other coins, and its dominance index growing. coinmarketcap.com/charts/#domina…
3/ #Bitcoin is the benchmark after all, the market beta of crypto, with most everything oscillating at a higher amplitude than $BTC.
Read 18 tweets

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