The Cryptoeconomics Lab at Ivey

Ivey Business School at Western University (London Ontario, Canada) is looking for a Post doctoral Research Fellow to join our newly established CryptoEconomics Lab: http://cryptoeconomics-lab.com

The focus of the position is on conducting foundational research in the emerging discipline of cryptoeconomics, which examines the protocols and incentives that govern the production, distribution, and consumption of digital goods and services within decentralized online platforms.

The CryptoEconomics Lab at Ivey Business School is a cutting-edge initiative that is just getting started, and builds upon the school’s Scotiabank Digital Banking Lab and its interdisciplinary team of faculty members and graduate students.

The wild west era of blockchain is ending and the scams and flimflams are being revealed but the fundamental of the technology will be used to build socially useful mechanisms.

By the way, the CryptoEconomics Lab has a good bitcoin crash course ( I believe that should be read, bitcoin crash-course!).

Comments

'examines the protocols and incentives that govern the production, distribution, and consumption of digital goods and services within decentralized online platforms'

And yet, if I were to mention several of the longer term and more prominent decentralized online platforms involved in this area, the filters would not allow the comment to appear.

Ooh, scary conspiracy theories...tin foil hat stuff... the only time you'd be censored here clockwork_prior is if you spout any neo-Nazi stuff. This is one of the least moderated sites around. I've in fact been denied posting at ZeroHedge, so you can imagine how tolerant this site must be.

Well, try making an active link to a certain famous pirate body of water - it will be (reasonably) not allowed. The same applies to any number of other sites, of course.

This has nothing to do with moderation, which is why the word 'filter' is used.

For example, that pirate body of water also hopped on the 3D printer bandwagon several years ago - no possibility to post a link, though its offerings were legal at the time. You are welcome to read here concerning 'Physibles' - https://marginalrevolution.com/marginalrevolution/2012/09/assorted-links-574.html

I believe someone did a survey recently, talking to all of the companies who have announced plans to incorporate blockchain into their business plans, and found zero deployments.

Zero is pretty bad, and throws a pretty big bucket of cold water on the idea that these methods "will" be used.

I'm not sure I totally understand, but I think the problem is that blockchain implies distributed miners spending a lot of CPU to push along a process. Why would they do that without a lot of reward, perhaps even without the blockchain being a cryptocurrency? This might be a catch-22 for a blockchain that is not cryptocurrency.

You can do a highly secure ledger type data structure using state of the art encryption, but I think that is not "blockchain" because is it is not mined?

Good points, I think security would incentivize people to verify a blockchain, that is, suppose your land title depended on the blockchain being accurate, then naturally the land title holders in that blockchain would run their PCs overnight to verify the blockchain.

Bonus trivia: leaving your PC on overnight to solve a hard problem, with lots of hard disk drive seeking, can easily ruin a mechanical drive after about two days. I once trashed a fairly new HDD that way, solving a chess problem. I was verifying what GM John Nunn once said, and it's true, that the master chess players of yesteryear, for the same given tournament as today, made more mistakes than today's players and generally played at a lower level. No disrespect, but the great 19th century chess master Paul Morphy was probably at about International Master (or even FIDE master) level rather than Grandmaster level. That's heresy in many chess circles.

Actually, in most states proof of ownership of real property is based on a chain of title, not a certificate of title, a kind of block chain, with the clerk acting as the intermediary to record all of the conveyances. A conveyed to B who conveyed to C etc. Thus, the need for title insurance: the title insurer will search the record title (i.e., all those conveyances going back to the king's grant, or whatever) and issue a title insurance policy that will indemnify the owner against loss if the chain of title is, well, "broken". The intermediary is the clerk's office, which merely records all of the evidences of conveyance that the title company (or anybody else) may search, but the clerk provides no guarantees (i.e. a certificate of title). For a short time early in my career, I practiced in a county that did not have title insurance. Instead, a lawyer would issue an opinion that, sure enough, you have marketable title, with the lawyer conducting the title search of the public records held by the intermediary. In both cases, one can see a kind of block chain, with the clerk's office acting as the intermediary and the title insurance company or lawyer acting as the indemnitor if it turns out that you don't really own the property. It makes for a fascinating study in my low country community, where descendants of slaves "own" real property but never actually received a conveyance. Real property law is history, in both the literal sense and the figurative sense.

There's no mining in the kinds of blockchain platforms companies are interested in. There's a limited number of parties, a gatekeeper, and a message-passing system to get the transaction results in sync. You only need mining (and the high CPU usage if you purposely want to let anyone join your network, no restrictions.)

"Zero" is not quite accurate. Systems have been released into the world, but blockchain is a unique kind of technology that is pretty much useless for a company to use on its own. People are having a hard time forming groups and getting all their business partners to agree to get on the blockchain. Not sure when (or if) this technology will turn the bend.

Thank you for the info. If simple blockchain can be done without mining that makes much more sense to me.

What makes sense is that block chain is a single item in the complete list of consensus algorithms. We can use bloock chain to provide identical updates to distributed database,a function which hasnothing to do with money.

Then we can apply simpler consensus algorithms when the miners are relatively trusted, like today with Swift. We can use finite block chain, many applications do not need infinite history.

And there I was hoping that this had something to do with an economic perspective on Bigfoot or UFOs.

I'm with Matt Levine. The number of situations in which a decentralized trustless ledger is better than a centralized ledger maintained by a trusted intermediary seems vanishingly small.

Maybe we just need a cryptoeconomist to tell us how to use the technology correctly.

I never thought the problem with sports was lack on fan engagement. But the problem exists and tokenizing the team will solve it =) https://www.ivey.uwo.ca/news/news-ivey/2018/6/cryptoeconomics-and-the-future-of-the-web/

I suspect that supporters of block chain envision a dark future ahead, one in which there are no or few trusted intermediaries. And I suspect those same supporters will do their part to reach that future. Am I being cynical?

As the saying goes, pretty much anyone who likes words would like this.

(Laurie Penny on the Crypto Cruise)

Good one anonymous! Sample sentence: "the women on this boat are polished and perfect; the men, by contrast, seem strangely cured—not like medicine, but like meat. They are almost all white, between the ages of 30 and 50, and are trying very hard to have the good time they paid thousands for, while remaining professional in a scene where many thought leaders have murky pasts, a tendency to talk like YouTube conspiracy preachers, and/or the habit of appearing in magazines naked and covered in strawberries. That last is 73-year-old John McAfee, who got rich with the anti-virus software McAfee Security before jumping into cryptocurrencies."

Sounds like a typical academic conference to me

CoinsBank, the company organizing the cruise, has left little welcome gift boxes in each of the rooms. They contain painkillers, Alka-Seltzer, several condoms, the world’s flimsiest pregnancy test, and a half-bottle of Jägermeister. It’s the kind of thing you’d leave at the bottom of the chimney for Skeezy Uncle Santa, hoping he’ll stuff a new sex doll under your tree.

She’s witty, sarcastic and entertaining. She hates sexists and hates libertarianism. And one learns not much about bitcoin or crypto from the travel journalism of a Jeremy Corbyn fan.

I've only read the first few paragraphs, but yeah that looks highly entertaining, certainly more so than reading cryptoeconomics. I'll read the whole thing when I have time.

I do wonder how fair-minded she is; are there good elements of truth in what she writes or does she just take pot-shots at her targets?

The thing that makes it work IMO is that she does have sympathy for the honest idealists.

For that reason I think it captures something about the strange mix of nerds and scammers.

Do you also believe antivirus companies release viruses secretly to promote AV software sales?

"A cynic is a man who knows the price of everything and the value of nothing." - Lord Darlington via Oscar Wilde

Crpto economics means one thing, automatic setting of interest charges via spread sheet function. The technology requires prequalified users with a cash in advance license. Prequalified users have smart cards that can manage the reserve requirement for automatic S&L tech.

The researcher they hire will come up against the NSA, and there is no research, simply a government battle.

"The wild west era of blockchain is ending and the scams and flimflams are being revealed but the fundamental of the technology will be used to build socially useful mechanisms"

Complete bull shit.

But how's the consulting gig, going, Alex?

Alex, I want you to know that everything except bitcoin in this space is a massive SCAM.

"bitcoin crash course" Is that a course in studying how crashes happen in the bitcoin market?

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