Curating Crypto

We are a group of people working to help increase transparency, empower communities and increase the signal-to-noise ratio in crypto.

The Brief
Analysis

A glimpse into the dark underbelly of cryptocurrency markets

  • Nic looks at the relationships between exchanges, altcoin developers/promoters and ranking sites.
  • Issuers want to list on liquid markets and exit or pump their positions
  • Exchanges want to advertise themselves as liquid, so issuers will be more amenable to paying listing fees
  • The ‘altcoin casino’ exchanges are mostly unregulated and unmonitored, and can thus get away with virtually anything
  • Many exchanges thus engage in wash trading to make their volumes appear greater and improve their perceived liquidity profile
  • Rankings sites monetize through reflinks and ads, and lack the resources to monitor each exchange, and hence uncritically publish exchange data
  • Wash trading exchanges gain in the rankings on the rankings sites, successfully marketing themselves
  • Exchanges profit, rankings sites profit, issuers profit, all at the expense of investors (who may win in the short term)
Source - Nic Carter's Medium
long reads

Liberal Radicalism: Formal Rules for a Society Neutral Among Communities

A paper by Vitalik Buterin-(Ethereum Foundation),Zoë Hitzig-(Harvard University - Department of Economics) and E. Glen Weyl-(Microsoft Research New York City; Princeton University - Julis Rabinowitz Center for Public Policy and Finance)

  • They propose a design for philanthropic or publicly-funded seeding to allow (near) optimal provision of a decentralized, self-organizing ecosystem of public goods
  • Extends Quadratic Voting.
Source - SSRN