When technological revolutions occur, why do so many projects end up failing? Perhaps our inability to figure out how and where to effectively deploy new technology results in what Greenspan termed ‘irrational exuberance’ back in 1996.

We are excited to introduce the Outlier Ventures vision of the future and our investment thesis: The Convergence Ecosystem. The new data value ecosystem see data captured by the Internet of Things, managed by blockchains, automated by artificial intelligence, and all incentivised using crypto-tokens. For a summary of the thesis take a look at the introductory blog, today I want to take a deeper look at how important communities, governance and politics will play in this new era.

So on 12th Jan (2018) I wrote a post saying there needed to be a ‘Crypto Winter’: a sustained minimum 50% haircut on the market. I actually wanted to say 75% but compromised with the team to not sound too alarmist. Next time I won’t be so restrained

Here we introduce the Outlier Ventures vision of the future and our refined thesis: The Convergence Ecosystem. Download the full paper here.

The main objective in cryptoeconomics is to design token economies that will grow in utility value over the long haul.

The long-term success of token economies and the protocols they are built around is led by fundamentals, and ultimately adoption. How useful is the protocol, to how many end users? This question is fundamental to our vision of the Convergence Economy.