This document discusses the evolution of information technology over time from hardware to software to networks. It suggests we are now entering the "crypto cycle" driven by cryptocurrencies, cryptocommodities, and cryptotokens. The document argues that cryptocurrencies are currently in the "frenzy phase" of a technological revolution similar to previous bubbles like the dotcom boom. It introduces models for valuing cryptoassets based on money supply and velocity. The overall message is that cryptocurrencies have the potential to decentralize power, wealth, and data.

1. Cryptoassets
Token Regulation Summit
Vienna: 10/3/2017

2. Evolution of Information Technology
1950
50’s and 60’s
Hardware Cycle
70’s and 80’s
Software Cycle
90’s and 00’s
Networks Cycle
2010’s to ???
Crypto Cycle
1980 19901960 1970 2000 2010 2020 2030 2040 2050
expansion
consolidation
commoditization
Microprocessors ⟶ open source computers
Linux & The Web ⟶ open source software and free distribution
Cryptonetworks ⟶ open source data
open source trend

3. What can we do with cryptoassets?

4. “Crypto-economic protocols create financial incentives to drive a network of
rational actors to co-ordinate their behaviour towards a common goal.”

5. Cryptocurrencies
Cryptocommodities
Cryptotokens

6. The crypto cycle

7. We used to call this a bubble...

8. Technological Revolutions and Financial Capital
Irruption Frenzy Synergy Consolidation
time
growth
CRASH
RECOMPOSITION
Deployment PhaseInstallation Phase
Web bubble burst at $2.9 trillion in 2000
2008
Bitcoin whitepaper
2017
Crypto markets hit $140 billion
We are entering the frenzy phase of crypto
INFRASTRUCTURE & EARLY USE CASES WIDESPREAD APPLICATIONS
Inspired by Carlota Perez

9. The Crypto J-Curve
DeploymentWhitepaper Release Development
time
tokenvalue

10. MV = PQ

11. M = PQ / V

12. Valuing Cryptoassets

13. We’re decentralizing power, wealth and data.

15. Thank You
@cburniske