Token Curated Registries

July 1, 2018

We discuss what Token Curated Registries are, analyse them from a cryptoeconomics stand point and talk about their potential issues and successes. We also have the pleasure of having Maksim from our community presenting a use-case of TCR being developed for his own project.

Agent Based Computing Economics

June 7, 2018

Juan Carlos Burguillo-Rial, profesor Titular de Universidad en el Departamento de Ingeniería Telemática de la Universidad de Vigo e investigador del Centro de Investigación AtlantTIC, viene a Madrid para presentarnos algunos conceptos de su libro “Self-organizing Coalitions for Managing Complexity”.

Primera parte: Breve introducción a los Sistemas Complejos, Redes Complejas, Auto-organización y a los Sistemas Multi-agente que nos permiten modelar y simular computacionalmente escenarios compuestos por múltiples entidades que interactúan, se agrupan, auto-organizan y/o aprenden exhibiendo las características de los Sistemas Complejos Adaptativos.

Segunda parte: Aplicando los sistemas multi-agente a la Economía (ACE, Agent-based Computing Economics). El uso de modelos basados en agentes permite estudiar los procesos económicos como sistemas dinámicos adaptativos formados por entidades (agentes) que interactúan de forma compleja. En ACE las restricciones de los modelos de equilibrio general clásico (p.e., el uso de agentes con información perfecta y racionalidad absoluta) son sustituidas por otras más realistas como el uso de agentes con información y racionalidad limitadas que se adaptan dinámicamente al mercado.

Tercera parte: Q&A – Aplicaciones potenciales de ACE a la Crypto-economía.

Towards a Practice of Token Engineering

June 6, 2018

We had the honour to welcome the Token Engineering expert, Trent McConaghy at our cryptoeconomics.hub in Madrid.

Trent McConaghy did AI research for two decades, including machine creativity and AI to help drive Moore’s Law, via two startups (both acquired) and a PhD. Now he focuses on AI * blockchain, via Ocean to democratise AI data, and BigchainDB decentralised database. His hobby is advising governments and startups alike on AI * blockchain.

In his talk, Trent will share learnings in how to go about designing tokenised ecosystems, from their experiences when designing Ocean Protocol. It includes leveraging best practices from designing evolutionary algorithms, categorisation of token building blocks, and an engineering mindset that implies a greater sense of responsibility.

Cryptoeconomics of Filecoin

May 20, 2018

Filecoin is a decentralized data storage network built on the IPFS protocol. In this session we presented an overview of the Filecoin whitepaper followed by a discussion on the principles and incentive mechanisms on Filecoin.

Emergence of Cryptoeconomic Primitives

May 13, 2018

We start by summarising the article about The Emergence of Cryptoeconomic Primitives. We later get into a discussion around the idea of cryptoeconomic primitives being a real possibility and presented some counter arguments. At the end we briefly touched upon the way forward in cryptoeconomics.

Personal Data With or Without Incentives

May 6, 2018

Some Simple Economics of the Blockchain

April 29, 2018

We discuss a paper from MIT about Some Simple Economics of the Blockchain. With the reduction in the cost of verification, bootstrapping and operating a network, one key question arrises: how do projects survive if fees are no longer a way to charge for services?

The Power and Fear of Incentives

April 25, 2018

As you may already know, cryptoeconomics is a relatively new field of research that combines relatively old disciplines such as cryptography and game theory to produce different mechanisms to be used within applications. e.g Consensus mechanisms, Auction designs, Token designs. And it is also the way attacks on decentralised systems like blockchains can be planned.

Part One by Sandra, will be about the fundamental layers of cryptoeconomics and how it is already implemented. It should hopefully provide you with all the ingredients the cryptoeconomics theory can play with in order the produce the intended outcomes.

Part Two by Laurent, will place cryptoeconomics in the broader context of social collaboration and cooperation to produce efficient outcomes for the participants of any project. It should hopefully give you a sense of the intentions as well as the tools that mechanism designers are using in their crypto projects.

Token designs and governance are perhaps the two most important applications of cryptoeconomics but still remain unsolved designs to be explored.

Discount Token Design

April 22, 2018

An introduction to mechanism design using the article published by Alex Felix: “A Crash Course in Mechanism Design for Cryptoeconomic Applications”.

Introduction to Mechanism Design

April 15, 2018

An introduction to mechanism design using the article published by Alex Evans: “A Crash Course in Mechanism Design for Cryptoeconomic Applications”.

Stablecoin Design

April 8, 2018

A discussion about the different design for stablecoins using the article published by Haseeb Qureshi: “Stablecoins: designing a price-stable cryptocurrency”.

Behavioural Cryptoeconomics

April 1, 2018

A discussion about behavioural cryptoeconomics using the article published by Elad Verbin: “Behavioral Crypto-Economics: The Challenge and Promise of Blockchain Incentive Design”.

Governed Blockchain & DAC

March 28, 2018

This time will start the Meetup with an introduction to the topic cryptoeconomics followed by a talk from our guest speaker Severin Deutschmann from Germany. Severin will present and discuss the state of the blockchain technology development from a macroscopic scale.

The focus of his talk are governed blockchains and how they become the goto platform for the future development of decentralised Applications and DAC.

Design of Decentralised world

March 2, 2018

What is so fascinating about Bitcoin? Why is it so difficult to develop PoS? What is the reason for the failure of most ICOs? The answer is Cryptoeconomics. Decentralised autonomous systems only work if we create a design that simultaneously motivates participants, protects against attacks, can survive in a network world and also ensures the highest degree of privacy.

No idea how to do that? Nobody knows that right now, but we know that cryptography, game and mechanism design theories are the main ingredients and there are already some exciting experiments that Sandra Becker would like to present and then discuss with us.

Stablecoin Design by MakerDAO

October 24, 2017

This time we travelled to Berlin where we were invited by the Private Key Meetup to present our introduction to cryptoeconomics and the stablecoin project from MakerDAO.

Part One (0’52)

Cryptoeconomics is the fundamental layer of all blockchains and blockchain projects. It is about using economic incentives to design mechanisms that encourage people to participate in the network by behaving in a certain way, the economic way. Sandra will introduce the fundamentals of cryptoeconomics.

Part Two (14’14)

Using Ether or Bitcoin to operate a company or to buy products has one great disadvantage: the volatility of the currency. As it is impossible to know the price of Bitcoin or Ether for the next few days or months, it is risky to use them as a mean of exchange.

A stablecoin, which price would fluctuate as much as the major fiat currencies in circulation but without the volatility of the cryptocurrencies of today, would allow the ecosystem of blockchain-based organisations to pay wages and bills, borrow or raise capital in a more predictable and reliable way.

How are stablecoins issued, how do they acquire value, and how are they stabilised? How are decisions made to correct deviations and how to deal with crisis? What are the economic incentives that allow decisions to be made in favour of stability and personal profit at the same time? All of this in a decentralised fashion, while at the same time making decision-makers responsible?

Laurent and Sandra will explain the stablecoin technology developed by Maker as an illustration of the concepts of cryptoeconomics.

Part Three (56’43)

Denis, from the Maker team, will introduce how Maker is using formal verification in their smart contracts in order to mathematically verify and prove what can and cannot be done.

Online session, each week

Cryptoeconomics Sunday
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