The Future of Crypto-Currency

I'm usually cleverly disguised as a rational adult. I have to come out of character when I confront an irrational world. The irrationality really shows through when you have an out-of-money experience & a client wants to buy your services, but wants you to sell them something that you don't believe in. You really have to think twice before saying nothing.

So I was evaluating algorithms to trade crypto. Do you do the DEX & smart contract route that can have consequences like front-running & bully-buying because someone else allotted a larger amount of gas that got the smart contract to execute their order before yours?

Then it dawned on me. What if the current crop of crypto-currency goes the way of the dodo bird? What if the Winkelvoss twins hire a Harvard drop-out to write new crypto-currency paradigms & the programmer goes off on his own and invents a brand new crytpo-currency that doesn't need a few minutes for proof of work, or who's virtual machine node fits on a mobile phone. Then the holders of all of the ERC20s will be fubarred - & broke, just like the hodlers who bought more BTC at $9100. What if you had a crypto that was chain-agnostic? Holy Crap - I was seeing the future. But the feeling passed. I think it was gas

(originally appeared as a Linked In post: https://www.linkedin.com/in/ken-bodnar-57b635133/ )

How To Run An ICO And Be Disruptive

I get invitations to participate in ICOs every day. Mostly I get asked if I want to buy crypto tokens. But I do get a lot of requests to join as an advisor or  to create the coins.  I reject > 99% of the requests? Why? Because most people conducting ICOs do not understand disruption and the awesome power of tokenization. And they do not understand that tokenization and conventional economics and commercial activity are immiscible.  Tokenizing something has to be disruptive. If you are trying to tokenize existing processes, you will fail. You have to totally disrupt them.  If you are trying to tokenize something completely different, you are on the right track.  If you are trying to break existing patterns and processes with tokenization, you are on the right track. If you are trying to change paradigms with tokenization, you are on the right track.  If you are trying to solve VERY challenging problems in unconventional ways, you are on the right track. The very last question that you should answer is this: Am I disrupting at the right level? For example, if you are trying to disrupt the buying and selling of widgets, perhaps you are at the wrong level. You should be trying to disrupt the widget industry.   My two cents.

Crypto fund domain name for sale

I was never aware of the ".live" domain name.  I was looking around registering domains for my ICOs and when I went to check out, I saw CryptoFund.live in my cart, so I bought it anyway.  I really don't need it. If someone wants to buy this domain name from me, you know where to reach me.

https://www.linkedin.com/in/ken-bodnar-57b635133/

Report ICO, Crypto and Other Scams

In the past few days, I have had LinkedIn connections report people who have conducted ICO scams, or shady characters on LinkedIn.  Some of them connect with me just to spam me.  I've had a connection and immediate request to process anonymous money transfers to the Cayman Islands.    A couple of us have  decided to create a reputation blockchain with query of scams, ICO fakes, charlatans, shady characters, pirates of the Caribbean, swindlers, carpetbaggers etc. If you come across egregious characters, ICOs or anything that gives our blockchain/crypto  industry a bad name, drop an email with particulars to DataPrivacy@mail.com.  Eventually there will be a website with a query input.  If there are no reputation issues, you will get a thumbs-up emoji (with the disclaimer that there are no adverse reports), and if there are reputation issues you will get up to 5 thumbs-down emojis.  Thanks in advance.  (If you would like to contribute a bit of Bitcoin to help the effort along, a wallet address is:   1NfcRwZac5XrYQLkNQtBa8WBpemYpqEiwU  )