Intro to Crypto Economic dApp

Intro to Crypto Economic dApp

Tom Ding, Co-Founder @Koinify

SF Bitcoin Dev meetup Nov, 2014

Me

• Co-Founder @Koinify, crypto funding platform for dApp

• CS + MBA. Sr. Prod Mgr @ eBay

• Philosophy | Economics | Engineering

Which of these are dApps?• Bittorrent

• Ethereum

• A Ethereum Smart contract

• Filecoin

• Gems

from dApp to crypto economic dApp

Bittorrent Filecoin

Data DataValue

(barter) (currency)

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?)

What’re the differences?

Classic distributed app!

Smart Contract!

DAC/DAO/dApp!

Smart Corporation

Autonomous decision rules

Tokenized economy

Dynamic membership

Self (Capitalized)

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

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

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

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

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)

Key Takeaways

• dApp could replace traditional corporation with better efficiency and transparency

• design a good dApp economy is key, as in any biz model

Koinify: App Store for dApp!

• High quality & vetted dApp • Intuitive token purchase + wallet • Multi sig wallet • Zero fee during Beta

Let’s talk dApp

tom@koinify.com

* Propose your dApp !

* Blockchain University on dApp coming Dec/Jan