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
Decentralization of incentives key to immutability
NOT blockchain:
“Blockchain Technology” – cryptographic encryption method linking hash data in a consecutive method
Not DLTs
No “private” blockchain
No “Enterprise Blockchain:
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)
JPM Market Cap: $390 B
BofA Market Cap $325 B
COW – Coincidence of wants problem
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