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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
* Propose your dApp !
* Blockchain University on dApp coming Dec/Jan
