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Five Mid-Year Predictions for Web3

Tom Tunguz

The US Government enacts the Securities Act of 2023 to regulate crypto assets: their sale, their construction, FDIC admittance for stablecoins, and the establishment of a new regulatory body modeled on the the Securities Act of 1933. DAOs issue periodic governance requests to increase the employee token pool to incentivize employees.

Banking 233
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Bonus Clouded Judgement 6.5.23 - Upcoming Liquidity Crunch?

Clouded Judgement

TLDR - the recent debt ceiling deal may actually pose a drain on liquidity (in addition to ongoing QT) as the government sells T Bills to refill the Treasury General Account (this starts today!). Open Market Operations: This involves buying and selling government securities to influence the amount of money in the banking system.

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1/9/90 in Crypto

Tom Tunguz

This rule seems to govern most social networks today and DAOs are another form of social network - one with hundreds of millions of dollars behind them. Setting those early will be key to the success of the DAO. DAOs hold the promise to a new way to organize people with a shared interest in project or purpose.

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Here’s Who’s Hiring a VP of Sales in January

SaaStr

Without further adieu, here’s who is hiring a new VP of Sales in January: Spidertech , a SaaS platform serving law enforcement professionals, is looking for a candidate with B2B enterprise experience with a specific focus selling to government entities or public sectors. More on this opportunity here. More on this opportunity here.

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My Mental Model for the World of Crypto

Tom Tunguz

Tokens might be used as stores of equity value, as a replacement for government money, to pay for a particular service, or simply as as collectible. Let me know how you think about the ecosystem and where this construct falls short of reality. Protocols are computer programs that decide how digital assets should behave.

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Investing in Moment

Andreessen Horowitz

They enable governments to finance critical infrastructure, corporations to fund growth, and individuals to make life’s most important purchases. As the world’s most traded asset class, the fixed income markets are a pillar of our global economy.

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Decentralizing the Electric Grid

Andreessen Horowitz

But even if approved, grid construction still faces supply chain hurdles, including lead times of more than 12 months and a 400% price surge for large-power transformers, compounded by a shortage of specialized steel. LCOE does, however, underscore the economic challenges of constructing new assets, like nuclear plants.