The Many Chain, Many Token Future Monage • Boston • Oct 24, 2017 

Boris Mann @bmann • Open Source 1.0 • Online community, Social Media pre-hashtag • First Startup Accelerator in Canada • Seed investing • Now: Blockchain, Open Source & Community with a business model 

Three Definitions of Blockchain • Blockchain as Innovation • Blockchain as Public Chain • Blockchain as Ethos Credit: Lisa Cheng, Co-founder Vanbex / EtherParty 

Three Definitions of Open Source • Open Source as Legal Innovation • Open Source as Collaboration • Open Source as Ethos 

Bitcoin as first chain • Next coins / chains all “alts” — fork Bitcoin code base • C++ is hard… • Miners wanted 

Ethereum: the token chain • Ethereum defines ERC20 — a token standard • An explosion of tokens — no C++, no mining • Or: the WordPress of tokens? 

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“33/ You could argue that investing in Ether is betting on the total economic value of all the tokens built on top of Ethereum.” 

What do tokens give us? • “direct communications between people, which are capable of storing and transmitting economic value.”
 — Vinay Gupta 

Tokens as Fashion? 

“2014 $DOGE noob explosion: attracted by creating own value parallel to #bitcoin w/ consumer equipment, against libertarian maximalist ethos.” 

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“Crazy thing is $crypto could monetize this megaphone multitude, and make it the 2020 paradigm. I guess we’ll see what’s in store for ICO OGs” 

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“Our brains evolved to value scarce objects to achieve fit and adapt to the environment.” 

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“[tokens are] backed by our collective appreciation…as we gain certainty of [their] future value & circulation we use [theme] more and more” 

“the entire world of humans is the history of stories. Religion, gold, clam shells as currencies, gold, and democracy.” 

Does your dapp need a token? • …for dapps that require coordination to succeed it is indeed sustainable and that dapps that have tokens will succeed over those that don’t, as long as the cost introduced isn’t more than the gains in coordination.
 — Simon de la Rouviere 

“23/ So, when you’re betting on [tokens], you’re betting on the Gross Economic Value of the economy in the future.” 

“38/ $meme Rare pepe’s proxy is the total amount of demand for collectibles across the world. Estimates range from 7B to 200B annually.” 

The Future Contains Multitudes • More chains: optimized for consortia, different use cases (like bulletin boards?) • easily cross-linked into each other; public APIs • MOAR TOKENS: BorisCoin, MemberCoin, etc. etc. • Worth nothing until they’re worth something • Power laws or website logins, apps on your phone? 

Boris Mann • @bmann https://frontierfoundry.co 

“Do you want to be a crypto cowboy or a pig farmer?” 

“So, how does the conversation go with your mom. ‘So mom, I’m now a crypto investors! Which is the equivalent of investing in pork.’” 

Vinay Gupta • Programmable Blockchains in Context https://medium.com/humanizing- the-singularity/by-the-end-of-this-article-youre-going-to-understand- blockchains-in-general-and-ethereum-a-next-e11df6a1d7cf • What does Ether $100 mean? https://medium.com/humanizing-the- singularity/what-does-ether-100-mean-bb58522f781e • “A smart contract is a tool for changing the world.” • “direct communications between people, which are capable of storing and transmitting economic value.” 

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References • @NelsonMRosario https:// twitter.com/NelsonMRosario/status/ 921570093552820225 • Donald McIntyre @TokenHash https://twitter.com/TokenHash/ status/916381789815320577 • Simon de la Rouviere, Does your dapp need a token? https:// medium.com/@simondlr/does-your- dapp-need-a-token-39412fd3c62c • @notsofast https://twitter.com/ notsofast/status/ 920790486574649345 • Sizhao Yang @zaoyang https:// twitter.com/zaoyang/status/ 901099062254030848 • Shelling Out: The Origins of Money, Nick Szabo http:// nakamotoinstitute.org/shelling-out/