19. • The future of money
• The state of security tokens
• Crypto investing
• Cryptokitties – future of ownership
• Decentralized Autonomous Organizations
Christian Kameir, Sustany Capital
Further Reading
Sustany Venture fund focused on blockchain
Ethereum Blockchain Meetups since April 2015
Investing is about timing – Don’t invest into first social media company but the last
Heard more than 1,000 pitches over the last four years
COW – Coincidence of wants problem
cryptocurrencies include Zcash, Dash, Monero and Bitcoin Cash
- bitcoin was not the cryptographic currency
- First cryptographic currency : DigiCash in 1989
William Stanley Jevons - Money and the Mechanism of Exchange
Published the same year Alexander Graham Bell was awarded the patent for the telephone
Current banks use ‘Distributed Ledgers’
Counterparty Risk
Less than 8% of money exists in physical form
Bank failures in the US since 2000: 555 – on average every-other week (with the exception of 2018)
Before 1965, US quarters were made of 90% silver
152 fiat currencies failed by hyper-inflation
Average lifetime of fiat: 24 ½ years
The first actual Fintech
Kitty by Brazilian artist Guile Gaspar
Titles, Deeds
Born on the blockchain
Ommit the middlemen
FAT Protocol (Joel Monegro Union Square Ventures) wrong: not captured value