Intro to Crypto Economic dApp
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Intro to Crypto Economic dApp
Tom Ding, Co-Founder @Koinify
SF Bitcoin Dev meetup Nov, 2014
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Me
• Co-Founder @Koinify, crypto funding platform for dApp
• CS + MBA. Sr. Prod Mgr @ eBay
• Philosophy | Economics | Engineering
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Which of these are dApps?• Bittorrent
• Ethereum
• A Ethereum Smart contract
• Filecoin
• Gems
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from dApp to crypto economic dApp
Bittorrent Filecoin
Data DataValue
(barter) (currency)
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dApp: a driver-less “company”
… a crypto economy based distributed application, with support from its human participants, so powerful that it displaces a traditional company
transparent business model
communal ownership
code + human{(remember Napster nearly killed music industry?)
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What’re the differences?
Classic distributed app!
Smart Contract!
DAC/DAO/dApp!
Smart Corporation
Autonomous decision rules
Tokenized economy
Dynamic membership
Self (Capitalized)
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Human service
dApp Services
Peer-to-peer services
Computing Service
Storage
Computation
Bandwidth
Resource Redistribution
IoT (sensor etc.)
Immutable storage Insurance
DEX
Lottery
Prediction Markets
Lending
Derivatives
Digital Property (e.g. domain)
Large scale collaborations
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Human service
dApp Services
Computing Service
Resource Redistribution
DEX
Lottery
STORJ, FileCoin, DNACoin
Toroken
BitshareX
BitPlay
TruthCoin
PoE, Factom, Docusign
Zennet, Ethereum
Futarchy
NameCoin
LoanCoin
LaZooz
Gems
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Design factorsSelf Internal Capital Modification Inter-dApp
EconomyInitial distribution
Ledger Reward scheme
FundingCounterparty
Notary ChainsService Proof of X,Y,Z
Actors & Roles
Immutable ledger
Rule enforcement & encoding Ethereum
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New compensation models … means more public goods• Classic corp models!
• Product sales (Apple)
• Extra service (Redhat)
• Asymmetric monetization (Google ads)
!
• Crypto models!
• Seigniorage -> Dev
• Capital gain -> Dev/Token Holders
• Rewards -> Token holders
Limit & Control
Open involvement
minority … majority
majority … majority
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Token Reward mechanisms
• BitShares X: BTSX burnt upon each txn
• TruthCoin - 2 classes:!
• CashCoin: Store of value
• VoterCoin: Paid for 1/2 all txn fees (in CashCoin)
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Key Takeaways
• dApp could replace traditional corporation with better efficiency and transparency
• design a good dApp economy is key, as in any biz model
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Koinify: App Store for dApp!
• High quality & vetted dApp • Intuitive token purchase + wallet • Multi sig wallet • Zero fee during Beta
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Let’s talk dApp
* Propose your dApp !
* Blockchain University on dApp coming Dec/Jan