security token

Some Thoughts On Equity-Based Token Distribution (EBTD). Part 1-2

I’ve finally developed a mental picture of how tokenization/ICO should work for projects that are involved in building decentralized platforms and, upon that, provide certain services. The approach is called Equity-Based Token Distribution (EBTD) and can be thought of as an alternative to SAFT....
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An economic model for disguising a semi‑decentralized pyramid scam

I’ve always been amazed by the technical side of Bitcoin which combines all the achievements of cryptography, network protocols, consensus mechanisms, decentralized economics and the game theory. I’d find it hard to name any other project the scale of innovation of which could stand...
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