{
  "block": 36673306,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @collinthompson! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@collinthompson/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@collinthompson) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=collinthompson)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemitboard-supports-the-steemfest-travel-reimbursement-fund\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmXDHs9xfx8ZZ3DESFUqHRUQAcQT5kUWobArsRoJg2Yz1F/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemitboard-supports-the-steemfest-travel-reimbursement-fund\">SteemitBoard supports the SteemFest⁴ Travel Reimbursement Fund.</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
      "parent_author": "collinthompson",
      "parent_permlink": "crypto-2-0-scaling-blockchain-technology-platforms",
      "permlink": "steemitboard-notify-collinthompson-20190923t125217000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-09-23T12:52:18",
  "trx_id": "998d881d8e0b6994914fa8b0a15fb391fd9bb4e3",
  "trx_in_block": 7,
  "virtual_op": 0
}

{
  "block": 28146394,
  "op": [
    "vote",
    {
      "author": "davidtosin",
      "permlink": "metabase-revolutionizing-the-next-generation-of-businesses",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-30T06:54:30",
  "trx_id": "68e22f957dbc8c5b8e211044ce92590fe42343cb",
  "trx_in_block": 6,
  "virtual_op": 0
}

{
  "block": 28146376,
  "op": [
    "vote",
    {
      "author": "ololatide",
      "permlink": "metabase-a-scalable-blockchain-protocol",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-30T06:53:36",
  "trx_id": "94cda8ee51fc7640fb613779b0716e346d7838f1",
  "trx_in_block": 9,
  "virtual_op": 0
}

{
  "block": 28146373,
  "op": [
    "vote",
    {
      "author": "kiaragabriel",
      "permlink": "metabase-network-or-the-next-generation-of-business-platforms",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-30T06:53:27",
  "trx_id": "8dd38ae51a48662dca68bf4aa7ec798e740c8932",
  "trx_in_block": 35,
  "virtual_op": 0
}

{
  "block": 28146367,
  "op": [
    "vote",
    {
      "author": "belushiiwuzere",
      "permlink": "how-is-metabase-different-from-eos-and-ethereum",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-30T06:53:09",
  "trx_id": "f40ad8d4df568c106ecd7e6a1c94b9495e71234b",
  "trx_in_block": 16,
  "virtual_op": 0
}

{
  "block": 28146362,
  "op": [
    "vote",
    {
      "author": "themichaelmatch",
      "permlink": "metabase-a-blockchain-toolbox-for-industry-4-0",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-30T06:52:54",
  "trx_id": "9368b1be3484f8e0c26722ea0571dc0d1a3e3b24",
  "trx_in_block": 30,
  "virtual_op": 0
}

{
  "block": 28146357,
  "op": [
    "vote",
    {
      "author": "brainerdpaul",
      "permlink": "2pr11u-metabase-ico-a-blockchain-platform-to-build-scale-and-monetize-next-generation-businesses",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-30T06:52:39",
  "trx_id": "b078a9429151e6c22c3b74f517333f2df41278c6",
  "trx_in_block": 13,
  "virtual_op": 0
}

{
  "block": 28146336,
  "op": [
    "vote",
    {
      "author": "thejohnmatch",
      "permlink": "metabase-the-blockchain-platform-to-build-scale-and-monetize-next-generation-businesses",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-11-30T06:51:36",
  "trx_id": "4957aab122b6f9eb89ff28d37c46bb08f32a2db7",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 26196062,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @collinthompson! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@collinthompson/birthday2.png)](http://steemitboard.com/@collinthompson)  2 Years on Steemit\n<sub>_Click on the badge to view your Board of Honor._</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
      "parent_author": "collinthompson",
      "parent_permlink": "crypto-2-0-scaling-blockchain-technology-platforms",
      "permlink": "steemitboard-notify-collinthompson-20180923t122317000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-09-23T12:23:15",
  "trx_id": "b4ccd98dc24601cba0d49adab00b4372bc1d4574",
  "trx_in_block": 40,
  "virtual_op": 0
}

{
  "block": 25184103,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.000 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "0.000006 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-08-18T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 7
}

{
  "block": 24982569,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.709 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-08-11T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 37
}

{
  "block": 24781051,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.709 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-08-04T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 15
}

{
  "block": 24623910,
  "op": [
    "vote",
    {
      "author": "pbgreenpoint",
      "permlink": "re-g-dubs-what-is-a-reverse-ico-20180317t183206846z",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-30T08:40:45",
  "trx_id": "065628177fdc1bd6ef2f2d1a3e8312e3b031386f",
  "trx_in_block": 18,
  "virtual_op": 0
}

{
  "block": 24579530,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.708 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-28T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 17
}

{
  "block": 24378534,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.708 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-21T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 10
}

{
  "block": 24177057,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.708 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-14T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 8
}

{
  "block": 23975521,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.708 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-07-07T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 10
}

{
  "block": 23783845,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.707 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-30T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 8
}

{
  "block": 23582321,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.707 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-23T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 6
}

{
  "block": 23380784,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.707 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-16T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 7
}

{
  "block": 23179789,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.706 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-09T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 6
}

{
  "block": 22978249,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.706 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-06-02T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 10
}

{
  "block": 22776705,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.706 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-26T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 20
}

{
  "block": 22575512,
  "op": [
    "fill_vesting_withdraw",
    {
      "deposited": "0.706 STEEM",
      "from_account": "collinthompson",
      "to_account": "collinthompson",
      "withdrawn": "1436.822026 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-19T19:41:24",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 16
}

{
  "block": 22539874,
  "op": [
    "vote",
    {
      "author": "collinthompson",
      "permlink": "crypto-2-0-scaling-blockchain-technology-platforms",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-18T13:59:03",
  "trx_id": "19ffa110510334ec5d7902655d8b6b379da70bb6",
  "trx_in_block": 20,
  "virtual_op": 0
}

{
  "block": 22539867,
  "op": [
    "comment",
    {
      "author": "collinthompson",
      "body": "@@ -1,12 +1,98 @@\n+!%5BImage of Metabase%5D(https://cdn-images-1.medium.com/max/800/0*v64zotx3ep8xciUs.jpg)%0A%0A\n Why does sca\n",
      "json_metadata": "{\"tags\":[\"metabase\",\"cryptocurrency\",\"ico\",\"bitcoin\",\"blockchain\"],\"links\":[\"https://metabase.network/\",\"https://whitepaper.metabase.network/\",\"https://introduction.metabase.network/\",\"http://whitepaper.metabase.network/\",\"https://t.me/metabasenetwork\",\"https://www.reddit.com/r/Metabase/\",\"https://blog.metabase.network/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn-images-1.medium.com/max/800/0*v64zotx3ep8xciUs.jpg\"]}",
      "parent_author": "",
      "parent_permlink": "metabase",
      "permlink": "crypto-2-0-scaling-blockchain-technology-platforms",
      "title": "Crypto 2.0: Scaling Blockchain Technology Platforms"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-18T13:58:42",
  "trx_id": "e08fb0eda66e626e0b2fbf3c95a137c0406e8a0a",
  "trx_in_block": 45,
  "virtual_op": 0
}

{
  "block": 22539841,
  "op": [
    "comment",
    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://blog.metabase.network/metabase-blockchain-technology-crypto/",
      "json_metadata": "",
      "parent_author": "collinthompson",
      "parent_permlink": "crypto-2-0-scaling-blockchain-technology-platforms",
      "permlink": "cheetah-re-collinthompsoncrypto-2-0-scaling-blockchain-technology-platforms",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-18T13:57:24",
  "trx_id": "f1fdbce88a660671a1f7da41d4933b3e8e44109d",
  "trx_in_block": 1,
  "virtual_op": 0
}

{
  "block": 22539822,
  "op": [
    "comment",
    {
      "author": "collinthompson",
      "body": "Why does scalability in next generation blockchains, or Bitcoin/Ethereum alternatives matter?\n\nWhat is [Metabase](https://metabase.network/), what makes it different, and how does it overcome the limitations of current blockchain technology?\n\nWe’ve been getting these questions a lot from people interested in the next evolution of crypto and blockchain technology, but beyond this, we’ve been asking ourselves the same questions since the early blueprint and drafting days for Metabase.\n\nAs we gear up for the [**Metabase ICO**](https://metabase.network/), we wanted to introduce you to Metabase with some bite-sized insights about the project.\n\nOf course, we have plenty of information packed into our [Technical White Paper](https://whitepaper.metabase.network/), and you can find out about our motivations & approach in more detail by reading the [Introduction to Metabase](https://introduction.metabase.network/). But if you’re short on time and want a quick taste, this post has got you covered.\n\n**Where we’re at**\nEmerging in 2009, the cryptocurrency Bitcoin and its core operating technology, a blockchain, has laid the foundation for a new era of digital peer-to-peer transactions. Bitcoin has gained legitimacy among millions of people around the world, and even some governments. Bitcoin is now accepted, managed, and sustained by a vast international community as a platform to exchange value.\n\nWhile Bitcoin continues to offer one specific application of blockchain technology, a peer to peer electronic cash system that enables online payments (transfers of value), the advent of the Ethereum open software platform, served to realize the broader potential of blockchain technology beyond Bitcoin.\n\nIn doing so, it opened up a world of unimagined decentralized possibilities, where more complex constructs of value can be built, transferred, and managed with greater ease and transparency.\n\nAlthough we have seen developments beyond these two blockchains, innovations have been piecemeal and singular in their approach, highlighting features that are appealing to blockchain insiders, but not providing a comprehensive solution to the prevailing problems that blockchains and cryptocurrencies face (especially relating to usability, applicability, and adoption).\n\n**We’ve come a long way, but not far enough.**\nTogether, Bitcoin and Ethereum have proven that blockchain technology, decentralized systems, and global collaborative communities can work. But, at the same time, vast improvements and innovations are needed to meet the true promise of blockchain technology.\n\nIf we want to take decentralized applications to the next level and build a viable future, we must create a better infrastructure. An infrastructure that can scale and provides an easier way of making more extensible and sophisticated applications to be able to deal with the complex problems that the world is facing.\n\n**What is Metabase?**\n[Metabase](https://metabase.network/) is a scalable blockchain and Smart OpCodes platform for building next-generation businesses. A multidimensional blockchain system focused on developer usability, extensibility, scale, and security.\n\nWe’ve created a blockchain infrastructure designed to empower developers, entrepreneurs and industry, to easily create advanced distributed applications and scale them into the market-leading businesses of the future.\n\n**What makes Metabase different?**\nYou may be wondering what sets Metabase apart from other projects trying to solve blockchain scalability issues. For Metabase, the difference is that scalability is just one element that we look to solve.\n\nFrom the beginning, our team understood that first generation blockchains have several limitations that are preventing their widespread use and adoption. Scalability is just one of these limitations and cannot be dealt with in isolation.\n\n*[Scalability + Real World Inspired Monetary Policy + Smart OpCodes]*\n\nSo, instead of only focusing on scalability, like most other projects, Metabase takes a multidimensional approach. It is this multifaceted approach “scalability + real-world inspired monetary policy + smart OpCodes” that makes Metabase a next-generation blockchain platform and sets it apart from other projects.\n\n**Why we’re building Metabase**\nWhile emerging blockchain technologies have revolutionized usability among an elite developer community, it has fallen short of making the development of cryptocurrency, blockchain technology, and decentralized applications easy and accessible to entrepreneurs and innovators.\n\nWe’re building the Metabase cryptocurrency and blockchain platform from the ground up to empower the world’s most underused resource — entrepreneurs.\n\nA platform that enables a broad and diverse group of entrepreneurs and innovators, with varying levels of technical understanding to build blockchain powered decentralised applications and scale next-generation businesses that impact society.\n\n**Moving beyond first-generation blockchains**\nFirst generation blockchains have several limitations that are preventing their widespread use and adoption. To make it much easier for the average technologist to leverage the power of blockchain technologies, Metabase will directly address the major problems impacting current blockchain systems which have lead to burdensome usability and low adoption rates.\n\n**A scalable blockchain protocol — to increase transaction throughput.**\nThe conventional blockchain is a linear linked list of blocks. Attempts to increase transaction throughput have focused on parametric changes to this design — hitting roadblocks in the process. With Metabase, we are proposing a new blockchain design that looks more like a tree structure, instead of the linked list like structure of conventional blockchains like Bitcoin.\n\nIf the usage of the system increases, the Metabase blockchain branches into two, with the mining process occurring on two branches simultaneously thus creating two blocks in one block creation time interval. We took this path because we felt the original design was limiting us from better solutions, so we re-envisioned a new design structure itself.\n\n**Dual currency — to decrease transaction fees and increase adoption.**\nToday, the more people use a blockchain like Bitcoin or Ethereum, the costlier the underlying currency and the more expensive it is to make transactions. So, when adoption of a platform/blockchain increases it has bad side effects for users. With Metabase, there are two currencies. One reflects network adoption and the other is used for denominating transaction fees. The supply of the latter token increases at a significantly higher rate than the former which means increased adoption of the platform will not negatively impact transaction fees.\n\n**A next-generation virtual machine — for more powerful functions and expanded programming capabilities.**\nEthereum created the application development aspect on a blockchain. But creating complex applications is still very difficult because of the lack of standardized community-vetted libraries. Metabase will feature an upgraded Ethereum style virtual machine. This virtual machine will feature an augmented OpCode space which can be used to incorporate standardized and community-vetted programming constructs directly onto the platform as OpCodes.\n\n[Metabase](https://metabase.network/) proposes to create a marketplace for developers where they can develop and monetize programming constructs by embedding them onto the OpCode space (via a community review process) This will empower developers to utilize platform-level constructs to build more powerful and multidimensional applications.\n\n**Easy to use tools- for unprecedented accessibility and ease of use.**\nOur goal with Metabase is to create the necessary APIs and development tools that can be used to interact with Metabase. Unlike current solutions that involve third-party SDKs and centralized architecture, Metabase will provide frameworks that can connect to the blockchain directly. The functionality will be implemented in the form of a library for mobile platforms and as a browser extension on browser platforms.\n\nThe Metabase ecosystem will embrace both browser and mobile platforms as first-class citizens and aims to encourage and support consumers in search of easy-to-use blockchain applications on Metabase blockchain.\n\nBesides the official mobile and browser applications, Metabase will provide and maintain an SDK and an IDE for developers. Our intention for the Metabase platform is to create easy to use mobile and browser applications for end users and support developers with robust tools and frameworks, enabling them to create next generation of blockchain applications.\n\nDevelopers will be able to create and deploy new products to Metabase blockchain directly by using the browser plugin and IDE. In terms of functionality, Metabase IDE will not be limited to compiling and deploying smart contracts but will play a critical role during development and guide developers to use best security practices at every step.\n\n**Come change the game with us**\nIf you feel like the [Metabase](https://metabase.network/) project is something that you would like to get involved with, we encourage you to get to know the project and join our online communities.\n\nFind out more about the [**Metabase project**](https://metabase.network/) and join our ICO pre-sale.\n\nFind out about our motivations and approach. Read —[ Introduction to Metabase](https://introduction.metabase.network/)\n\nFor all the tech, check out our [Technical White Paper](http://whitepaper.metabase.network/)\n\n[Telegram](https://t.me/metabasenetwork)\n\nJoin our Metabase community on [**Telegram**](https://t.me/metabasenetwork). We talk about blockchain protocol innovations and scaling decentralised applications into the disruptive businesses that will change the game. Join now!\n\n[Reddit](https://www.reddit.com/r/Metabase/\n\nThe front page to the [Metabase community](https://www.reddit.com/r/Metabase/). Keep up to date on news and events on everything related to Metabase with members for the IV team. [Join now!](https://www.reddit.com/r/Metabase/)\n\nOriginally posted on our [Metabase blog](https://blog.metabase.network/).",
      "json_metadata": "{\"tags\":[\"metabase\",\"cryptocurrency\",\"ico\",\"bitcoin\",\"blockchain\"],\"links\":[\"https://metabase.network/\",\"https://whitepaper.metabase.network/\",\"https://introduction.metabase.network/\",\"http://whitepaper.metabase.network/\",\"https://t.me/metabasenetwork\",\"https://www.reddit.com/r/Metabase/\",\"https://blog.metabase.network/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "metabase",
      "permlink": "crypto-2-0-scaling-blockchain-technology-platforms",
      "title": "Crypto 2.0: Scaling Blockchain Technology Platforms"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-18T13:56:27",
  "trx_id": "50b892e62bbed3bd2daa13378ab56a613048a01f",
  "trx_in_block": 45,
  "virtual_op": 0
}

{
  "block": 22406067,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @collinthompson! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvote.png)](http://steemitboard.com/@collinthompson) You made your First Vote\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> Upvote this notification to help all Steemit users. Learn why [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notifications.png\"]}",
      "parent_author": "collinthompson",
      "parent_permlink": "building-next-generation-blockchain-technology-platforms",
      "permlink": "steemitboard-notify-collinthompson-20180513t222745000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T22:27:45",
  "trx_id": "b524633b02e8c0d2c9aadaf40d8358aabf3b602d",
  "trx_in_block": 4,
  "virtual_op": 0
}

{
  "block": 22399408,
  "op": [
    "comment",
    {
      "author": "toni.crypto",
      "body": "Hello! Good article! I'm interested in the them of ICO and crypto-currency, I'll subscribe to your channel. I hope you will also like my content and reviews of the most profitable bounties and ICO, subscribe to me @toni.crypto\nThere will be a lot of interesting!",
      "json_metadata": "{\"tags\":[\"metabase\"],\"users\":[\"toni.crypto\"],\"app\":\"steemit/0.1\"}",
      "parent_author": "collinthompson",
      "parent_permlink": "building-next-generation-blockchain-technology-platforms",
      "permlink": "re-collinthompson-building-next-generation-blockchain-technology-platforms-20180513t165457629z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T16:54:48",
  "trx_id": "9c82ec7655b98d924a58f76679dac067f12b9be6",
  "trx_in_block": 30,
  "virtual_op": 0
}

{
  "block": 22397218,
  "op": [
    "vote",
    {
      "author": "collinthompson",
      "permlink": "building-next-generation-blockchain-technology-platforms",
      "voter": "ubg",
      "weight": 100
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T15:05:18",
  "trx_id": "549c10d7af214cdf6003e6fd65aaa42419d314ad",
  "trx_in_block": 31,
  "virtual_op": 0
}

{
  "block": 22396037,
  "op": [
    "comment",
    {
      "author": "collinthompson",
      "body": "@@ -83,515 +83,8 @@\n g)%0A%0A\n-We have been working on %5BMetabase%5D(https://metabase.network/) for some time now here at %5B**Intrepid Ventures**%5D(https://intrepid.ventures/), and we%E2%80%99ve put in over a year on a research, system design, and just general passion for blockchain technology advancement to develop a crypto platform that performs differently.%0A%0AI%E2%80%99m going to outline below why we strongly believe %5B**Metabase**%5D(https://metabase.network/) is a next-generation blockchain that will have a big impact for developers around the world.%0A%0A\n %5B**M\n",
      "json_metadata": "{\"tags\":[\"metabase\",\"cryptocurrency\",\"ico\",\"blockchain\",\"bitcoin\"],\"links\":[\"https://metabase.network/\",\"https://intrepid.ventures/\",\"https://introduction.metabase.network/\",\"https://whitepaper.metabase.network/\",\"https://t.me/metabasenetwork\",\"https://www.reddit.com/r/Metabase/\",\"https://blog.metabase.network/next-generation-blockchain-technology-crypto-platforms/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn-images-1.medium.com/max/880/0*Cg6eklkSTYCSqZRG.jpg\"]}",
      "parent_author": "",
      "parent_permlink": "metabase",
      "permlink": "building-next-generation-blockchain-technology-platforms",
      "title": "Building Next-Generation Blockchain Technology Platforms"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T14:06:15",
  "trx_id": "b382fa4c055fb08cef459aa71cc4c88f4df21972",
  "trx_in_block": 11,
  "virtual_op": 0
}

{
  "block": 22395959,
  "op": [
    "vote",
    {
      "author": "collinthompson",
      "permlink": "building-next-generation-blockchain-technology-platforms",
      "voter": "collinthompson",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T14:02:21",
  "trx_id": "54fd0a08c87398130adbeeb1f2201ea21424e294",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 22395934,
  "op": [
    "comment",
    {
      "author": "cryptoindex",
      "body": "It is during our darkest moments that we must focus to see the light",
      "json_metadata": "",
      "parent_author": "collinthompson",
      "parent_permlink": "building-next-generation-blockchain-technology-platforms",
      "permlink": "re-building-next-generation-blockchain-technology-platforms-20180513t140104",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T14:01:06",
  "trx_id": "cfb2b96e3a4d069a741a3ee9766cbfea09146135",
  "trx_in_block": 8,
  "virtual_op": 0
}

{
  "block": 22395917,
  "op": [
    "comment",
    {
      "author": "collinthompson",
      "body": "@@ -1,8 +1,94 @@\n+!%5BImage of Metabase%5D(https://cdn-images-1.medium.com/max/880/0*Cg6eklkSTYCSqZRG.jpg)%0A%0A\n We have \n",
      "json_metadata": "{\"tags\":[\"metabase\",\"cryptocurrency\",\"ico\",\"blockchain\",\"intrepid\"],\"links\":[\"https://metabase.network/\",\"https://intrepid.ventures/\",\"https://introduction.metabase.network/\",\"https://whitepaper.metabase.network/\",\"https://t.me/metabasenetwork\",\"https://www.reddit.com/r/Metabase/\",\"https://blog.metabase.network/next-generation-blockchain-technology-crypto-platforms/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"image\":[\"https://cdn-images-1.medium.com/max/880/0*Cg6eklkSTYCSqZRG.jpg\"]}",
      "parent_author": "",
      "parent_permlink": "metabase",
      "permlink": "building-next-generation-blockchain-technology-platforms",
      "title": "Building Next-Generation Blockchain Technology Platforms"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T14:00:15",
  "trx_id": "f30ad1d25cb13cddaa7cf4d984a745f93fe0e5ba",
  "trx_in_block": 14,
  "virtual_op": 0
}

{
  "block": 22395891,
  "op": [
    "vote",
    {
      "author": "collinthompson",
      "permlink": "building-next-generation-blockchain-technology-platforms",
      "voter": "ax3",
      "weight": 100
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T13:58:57",
  "trx_id": "3920881035db705d286db7f7612e0a298043ed0e",
  "trx_in_block": 27,
  "virtual_op": 0
}

{
  "block": 22395888,
  "op": [
    "comment",
    {
      "author": "collinthompson",
      "body": "We have been working on [Metabase](https://metabase.network/) for some time now here at [**Intrepid Ventures**](https://intrepid.ventures/), and we’ve put in over a year on a research, system design, and just general passion for blockchain technology advancement to develop a crypto platform that performs differently.\n\nI’m going to outline below why we strongly believe [**Metabase**](https://metabase.network/) is a next-generation blockchain that will have a big impact for developers around the world.\n\n[**Metabase**](https://metabase.network/) is a scalable and modular blockchain platform for developing decentralised applications and next-generation businesses. It features an advanced virtual machine at its core, expanded blockchain programming capabilities, and is designed with security and usability in mind.\n\nBelow are some important aspects that explain what Metabase does differently to other well-known blockchains as well as our reasoning for taking a divergent approach in a number of critical areas.\n\n**Scaling Blockchain Technology**\nBitcoin is fascinating. A completely decentralized system where financial actions that require a high level of trust, can be executed without trusting anybody. However, ‘trustless-ness’ comes with a price: hard limits on the number of transactions that can be processed in a specified time interval. Almost all of the well-known first generation blockchain systems have hard limits on the number of transactions.\n\nBitcoin limits the maximum block size, Ethereum limits the total amount of gas in a block, as examples. Due to the increased adoption of cryptocurrencies in recent years, the number of users and transactions have skyrocketed, testing the limits of first-generation blockchain systems.\n\n‘Scaling,’ as it’s called, is the capability to serve the users of the system with similar quality even when the number of users increases. With Metabase, when its limits get reached, we aim to create a system that makes the necessary changes to increase its transaction throughput automatically.\n\nBy splitting the blockchain into multiple sub-chains and facilitating a parallel mining mechanism (i.e., the creation of multiple blocks at the same time), Metabase will adapt and scale its transaction processing capacity as adoption increases.\n\n**Store-of-Value vs Medium-of-Exchange Tokens**\nThe meteoric rise of cryptocurrencies has had some unwanted and unexpected side effects for users such as rising rates and increased transaction fees. Using cryptocurrencies has become expensive as their popularity has grown. What’s more, many individuals buy and HODL cryptocurrencies with the expectation of future financial gains, using it as a store-of-value. However, what makes a currency lucrative as a store-of-value makes it less lucrative as a medium-of-exchange.\n\n[**Metabase**](https://metabase.network/) will overcome this problem by having two currencies in the system: a store-of-value coin and medium-of-exchange coin. Store-of-value coins are limited in supply, and mining rewards decrease in time similar to Bitcoin. The total amount of medium-of-exchange coins, however, increase respective to store-of-value coins and are therefore inflationary. This approach will keep the transaction costs low due to the circulation of medium-of-exchange coins.\n\n**Evolution of Smart Contracts**\nEthereum is a widely known cryptocurrency system which advanced blockchains beyond Bitcoin by introducing the concept of ‘smart contracts’ and thus instantly creating the first blockchain-based decentralized application platform. Simply put, smart contracts are programs that run on a blockchain platform. Like all other computer programs, they are made of instructions or ’opcodes,’ waiting to be interpreted by the actual machine.\n\nNowadays, smart contracts are encountered mostly in the form of a ‘token’ which is about to be sold in an ICO. As expected, smart contracts become the primary target for malicious actors, due to their control over funds. Exploiting smart contract flaws has become very lucrative financially.\n\nWith [**Metabase**](https://metabase.network/), we introduce the concept of Smart OpCodes, the ability to define an extended instruction that encapsulates a complex operation. Smart OpCodes can be used for enhancing security, like introducing a single instruction to validate a cryptographic signature. However, a more critical application of this concept is the creation of a marketplace for developers.\n\nDevelopers will be able to create libraries or small utility applications, define it as a Smart OpCode and submit it to the Metabase marketplace. By taking this approach, we expect to see the first glimpses of highly sophisticated decentralized applications due to the ability to use packaged and verified Smart OpCodes from the marketplace.\n\n**Come change the game with us**\nAt [Intrepid Ventures](https://intrepid.ventures/), we are determined to build next-generation products and services that are accessible and easy to use.\n\nFrom the beginning, our team understood that first generation blockchains have several limitations that are preventing their widespread use and adoption. So, instead of only focusing on scalability, like most other projects, Metabase takes a multidimensional approach. It is this multifaceted approach “scalability + real-world inspired monetary policy + smart OpCodes” that makes Metabase a next-generation blockchain platform and sets it apart from other projects.\n\nMetabase introduces a dual-currency model which overcomes the high transaction fee problem and opens up a marketplace for developers, ultimately, by facilitating a financial incentive for developers.\n\nMetabase has the potential to become the go-to platform for creating powerful applications that use multiple building blocks from the marketplace.\n\nFind out more about the Metabase project and join our [**ICO pre-sale**](https://metabase.network/).\n\nFind out about our motivations and approach. Read — [**Introduction to Metabase**](https://introduction.metabase.network/)\n\nFor all the tech, check out our [**Technical Whitepaper**](https://whitepaper.metabase.network/)\n\n[**Telegram**](https://t.me/metabasenetwork)\n\nJoin our Metabase community on [Telegram](https://t.me/metabasenetwork). We talk about blockchain protocol innovations and scaling decentralised applications into the disruptive businesses that will change the game. [Join now!](https://t.me/metabasenetwork)\n\n[**Reddit**](https://www.reddit.com/r/Metabase/)\n\nThe front page to the [Metabase blockchain community](https://www.reddit.com/r/Metabase/). Keep up to date on news and events and analysis of everything blockchain and crypto with members for the IV team. [**Join now!**](https://www.reddit.com/r/Metabase/)\n\n*Originally published at* [*Metabase — A Scalable Blockchain Technology Platform.*](https://blog.metabase.network/next-generation-blockchain-technology-crypto-platforms/)",
      "json_metadata": "{\"tags\":[\"metabase\",\"cryptocurrency\",\"ico\",\"blockchain\",\"intrepid\"],\"links\":[\"https://metabase.network/\",\"https://intrepid.ventures/\",\"https://introduction.metabase.network/\",\"https://whitepaper.metabase.network/\",\"https://t.me/metabasenetwork\",\"https://www.reddit.com/r/Metabase/\",\"https://blog.metabase.network/next-generation-blockchain-technology-crypto-platforms/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "metabase",
      "permlink": "building-next-generation-blockchain-technology-platforms",
      "title": "Building Next-Generation Blockchain Technology Platforms"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-13T13:58:48",
  "trx_id": "86af97187b6c434c4419ec68eb88760140bc18a0",
  "trx_in_block": 33,
  "virtual_op": 0
}

{
  "block": 22373941,
  "op": [
    "withdraw_vesting",
    {
      "account": "collinthompson",
      "vesting_shares": "18678.686344 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T19:41:24",
  "trx_id": "ecd4f41c12d70c77d6345567e5b21dc9b79e0e33",
  "trx_in_block": 48,
  "virtual_op": 0
}

{
  "block": 22373926,
  "op": [
    "withdraw_vesting",
    {
      "account": "collinthompson",
      "vesting_shares": "0.000000 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T19:40:39",
  "trx_id": "113afee81a250cc3b9a992978ca6ed0a0376a3b1",
  "trx_in_block": 45,
  "virtual_op": 0
}

{
  "block": 22373910,
  "op": [
    "withdraw_vesting",
    {
      "account": "collinthompson",
      "vesting_shares": "18678.685976 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-12T19:39:51",
  "trx_id": "e709c5cdc126b96e013285237d696bc36863911f",
  "trx_in_block": 39,
  "virtual_op": 0
}

{
  "block": 15718240,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @collinthompson! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@collinthompson/birthday1.png)](http://steemitboard.com/@collinthompson)  Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit\nClick on the badge to view your own Board of Honor on SteemitBoard.\n\nFor more information about this award, click [here](https://steemit.com/steemitboard/@steemitboard/steemitboard-update-8-happy-birthday)\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notifications.png\"]}",
      "parent_author": "collinthompson",
      "parent_permlink": "how-to-do-an-ico-a-simple-introduction-for-founders",
      "permlink": "steemitboard-notify-collinthompson-20170923t122511000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2017-09-23T12:25:09",
  "trx_id": "5c83316db1434cf060da4ee0aeb90d99b4d74054",
  "trx_in_block": 23,
  "virtual_op": 0
}

{
  "block": 13882057,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @collinthompson! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png)](http://steemitboard.com/@collinthompson) You got a First Vote\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notifications.png\"]}",
      "parent_author": "collinthompson",
      "parent_permlink": "how-to-do-an-ico-a-simple-introduction-for-founders",
      "permlink": "steemitboard-notify-collinthompson-20170721t163453000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2017-07-21T16:34:51",
  "trx_id": "6d8f611c543c2025ec51062036715c4400cf68b8",
  "trx_in_block": 17,
  "virtual_op": 0
}

{
  "block": 13879468,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @collinthompson! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpost.png)](http://steemitboard.com/@collinthompson) You published your First Post\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notifications.png\"]}",
      "parent_author": "collinthompson",
      "parent_permlink": "how-to-do-an-ico-a-simple-introduction-for-founders",
      "permlink": "steemitboard-notify-collinthompson-20170721t142520000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2017-07-21T14:25:18",
  "trx_id": "5954e248feaad02e60c906ffe716cc4035d4e620",
  "trx_in_block": 23,
  "virtual_op": 0
}

{
  "block": 13875441,
  "op": [
    "comment",
    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/the-intrepid-review/how-to-do-an-ico-d02c54a990c2",
      "json_metadata": "",
      "parent_author": "collinthompson",
      "parent_permlink": "how-to-do-an-ico-a-simple-introduction-for-founders",
      "permlink": "cheetah-re-collinthompsonhow-to-do-an-ico-a-simple-introduction-for-founders",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2017-07-21T11:03:54",
  "trx_id": "521c0305ab6f38c3a5493aa59577a90b38ca8108",
  "trx_in_block": 12,
  "virtual_op": 0
}

{
  "block": 13875439,
  "op": [
    "vote",
    {
      "author": "collinthompson",
      "permlink": "how-to-do-an-ico-a-simple-introduction-for-founders",
      "voter": "cheetah",
      "weight": 100
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2017-07-21T11:03:48",
  "trx_id": "45360907600f4b560767566944f5d6115d896c61",
  "trx_in_block": 11,
  "virtual_op": 0
}

{
  "block": 13875418,
  "op": [
    "comment",
    {
      "author": "collinthompson",
      "body": "![ICOand Crowsales](https://cdn-images-1.medium.com/max/800/1*mk2Ojo2NERuGukgJ25Q9Bw.jpeg)\n\n_**Disclaimer**: My **opinion** is not legal advice. I am not a lawyer. This in no way should be considered legal advice, and my views do not represent the views of my employer, investors, or partners. Moreover, nothing written here should be construed as investment advice either, and with that out of the way…_\n\nOver the course of the last two weeks I have had over 10 companies directly contact me to help them launch an ICO. Typically I ask: when do you want to launch? The most ridiculous answer I’ve received was: “next week”. I’m a pretty patient person, especially with young entrepreneurs, so I demurred slightly, and asked what their technology is, and do they have a white paper? This is typically where the founder gets a little lost.\n\nI never really anticipated the time where startups themselves, and not incumbents, would have to go through a “digital transformation”, as it was just a few years ago that a “tech” startup was good enough to be considered avant garde and pioneering. All of a sudden, everyone got crypto fever and learned about some of the unique properties of decentralized applications and blockchain technology, and it seems that everyone wants to do an ICO now.\n\nI admit, 3 years ago I was that guy, pestering some of the many luminaries of the space in the same way. They were all very helpful, patient, and encouraging to me, so I feel it necessary to do the same to the founders, and enterprises that are presently coming to their blockchain awakening.\n\nI’m going to outline below some of the things that you must consider when approaching what is commonly known as an ICO, and how you go about preparing yourself for long term viability with a project.\n\nHere are some questions that you should be prepared to answer. I will not be able to help you answer them all here, but this post will give you the foundation for you to be able to assess your readiness to start the process properly.\nThis list is a small portion (about 5%.) of the questions that you will need to ask yourself, and it is by no means all of the things you will need to consider.\n\n1. Is your technology a platform, really?\n1. What will your platform add to the crypto/blockchain community that isn’t already being served by someone else?\n1. Does your technology need it’s own token?\n1. How will you offer your token? — voucher, direct token distribution, or convertible note?\n1. How will you issue and accept contributions: Bitcoin, Ethereum, or both\n1. How big is your network, is it dense and engaged, or sparse and quiet?\n\n## Stop calling it an ICO.\n\nIt’s like someone said: “hey it’s like an IPO, so let’s change the public part to coin, and we’re good. It’s a coin, not a security offering.\n\nWe should be in the clear now and we can straight\n\n![I Make it Rain](https://cdn-images-1.medium.com/max/800/1*s44-XBDUANZTWofs18yeaw.gif)\n\n\n**Wrong.**\n\nIt’s like painting a sign on your forehead that says: hey, please investigate me SEC.\n\nFrom a purely utilitarian perspective; what is supposed to power your application, is more like a token at Chuckee Cheese, chips at a casino, or a donation for access to a product/experience on kickstarter.\n\nThe more appropriate nomenclature for this emerging process can be better expressed as a “Token Generating Event”, or a “Token Donation”, as under certain jurisdictions, this is a specific and distinct definition, that aligned with the proper structure, provides clarity to the authorities on what exactly you are doing with your proposed endeavor.\n\n## Opportunity costs.\n\nEveryone looks at the massive opportunity with ICOs, and one rarely looks at the downside risks involved for doing one well, but sloppy at the same time. It’s only been a year since the last hiccup in the blockchain/crypto world, and we seem to have forgotten what actual risks are involved with this type of technology, and emerging form of social trust.\n\nOn one side, founders have the ability to side step, or at least include under different circumstances, the insufferable nature of kingmaker “kiss the ring type” VCs, and focus directly on the sweet spot of their value; their team, technology, and community. In many respects this is an even greater responsibility than that you owe to your shareholders, as now a team has to account to an entire stakeholder system; the token holders and early supporters.\n\nThis common endeavor, that may or may not have a future value, and is dependent on a third party, can be construed as an “investment scheme” under certain jurisdictions, and warrants a lot of respect and legal consideration. It’s not just three of four guys that you are beholden to, contractually — It’s an entire community of potentially thousands of people mired in legal ambiguity, and very real default laws.\n\nYeah, and who are these people anyway?\n\n## KYC and AML for pseudonymous tokens.\n\nWe in the crypto-space are very attentive to privacy, in fact it’s primarily what spawned the technology, however as the technology goes “mainstream” it runs into real world laws. Dual integration of the crypto world to real world jurisdictions, and the laws that govern each franchise are becoming a reality, which should be embraced by all, as the benefits far outweigh the downsides. Bear in mind, that In almost every legal jurisdiction, no matter what legal definition is placed on cryptocurrency, you will almost always be required to follow best practices in KYC and AML laws.\n\nWho is this person, where are they from, what is their nationality, where do they reside, and over a certain transaction level: where did this money come from?\n\nI’m confident to say that I don’t think people want to be making it easy for terrorists to launder their money, so it would be wise to find out about the guidelines in your country/jurisdiction to find our what the process is, and I stress process, as you might think you are doing enough, but the way your KYC and AML process is done makes a difference when it comes down to defending yourself or your company.\n\n## What is the law in your jurisdiction?\n\n> The 9 most terrifying words in the English language are: I’m from the government and I’m here to help — Ronald Reagan\n\nIf you’re lucky enough to live in a country where the regulatory body has set out guidelines or has created a “Sandbox” make them aware of what you are trying to do, they are there to guide/monitor you in/through the regulatory process. It might not be fun, but it will most certainly keep you out of jail.\n\nFor those who do not have an active and engaged regulatory body that has set out guidelines, there are references and and resources that are constantly updated that will provide you with the basic level of where your country or jurisdiction is at with their view and definition of cryptocurrencies. The US Library of Congress keeps a record of [Digital Currency Regulation](http://www.loc.gov/law/help/bitcoin-survey/#_ftn60), and it is frequently updated, as well, Wikipedia does a good job of keeping their page on [the legality of bitcoin by country and territory](https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory) updated as well.\n\nStepping out into the unknown is what this industry is all about and everyone is still learning. Take it as an opportunity to be a leader in your region by advocating for reform and or regulatory innovation, step up, and be inclusive by recognizing the authority of the regulator by pulling them, and others into the process. This is new for them as well too. What I believe you will find is that if you approach people, whether they are lawyers, accountants, technologist, or regulators, many are willing to embrace vanguard projects, more than most would think, because just as we’re all competing for the future, so are they.\n\n## Get a lawyer\n\nFirst, you don’t need a “blockchain lawyer” or a virtual currency expert. Simply because you will be hard pressed to find one, they are few and far between — and even if you do, they will be back logged for a year because of their growing ICO pipeline.\nWhat you need is a logical, rational, and curious lawyer who understands:\n\n* Corporate formation\n* KYC , AML, and Compliance\n* Crowdfunding\n* Securities law\n* Data privacy\n* Tax law\n\nAs Peter Thiel says: _**“competition is for losers”**_\n\nso try to find **YOUR lawyer**.\n\nPreferably a small team from an intimate, but international firm, as the larger firms tend to be just branded legal mills that are supported by huge multinationals that need to churn out wrote legal widgets to satisfy massive regulatory demands.\nAs long as she is curious, and thorough, many of these types of lawyers will get excited about working in an emerging area of the law, and will see this as a challenge where they can distinguish themselves and their firm.\n\nTake the time to review this well thought out document by Coinbase [A Securities Law Framework for Blockchain Tokens](https://www.coinbase.com/legal/securities-law-framework.pdf), in fact, once you have identified some potential counsel, bring this along with you to your selected lawyer, so you can ground them in a probably unknown subject like cryptocurrencies and the thinking that is going on in the space. This will provide you with a context and a general blueprint for your discussion and you can fill them in with some of the other happening in the industry.\n\n## What jurisdiction, and why you should have a global perspective.\n\nToken Events are coming in all shapes and sizes these days, many of them are actually complex in their structuring for necessary reason. The choice of your jurisdiction will dictate who you are directly regulated by, the structure of your offering, as well as who you can and cannot offer your tokens to, or what the encumbrances are if you decide to reach a global market.\nEthereum has set the trend for companies setting up Foundations in Switzerland, which is a Civil law jurisdiction with a variety of different types of vehicles depending on the needs and the function of your team and technology.\n\nSome other jurisdictions worth looking into are Liechtenstein and Mauritius, but bear in mind, the political/regulatory stability, as well as the prestige of the jurisdiction is something that you should consider when choosing the proper domicile for your formation.\n\nHowever, organizations are not limited to the formation or jurisdictions above. Singapore has provided some guidance on virtual currencies, which is good, as it provides a basic framework for lawyers to work from. In addition to this, the MAS sandbox is available to startups and could prove to be a useful domicile for companies that would want to leverage the nation’s strong government, rule of law, and competitive spirit.\n\nFor US companies, this is a process cannot be understated. Just because your company is listed offshore does not mean you are immune to the long reach of the SEC. In fact, the SEC has rolled a few regulatory bodies and they have no problem with extraterritorial adjudication to get what they need to get you and your company. To be contrarian to the common sentiment of the crypto-world, it is probably best that you make them your partner by complying with US regulation as a means of upping your quality and game in the eyes of your supporters and token holders.\n\n> It is trust that emerges ultimately as the ‘coin of the realm’ not only in the money bazaar — Edwina Thompson\n\nIn the crypto world, the most valuable “coin” as the quote mentions, is trust. Once you have lawyered up and your concept is tight, there are a few things that you must get in order to make a strong proposal to your community.\n\n## Capability Trust\n\nYour Founder’s images and bios should be online, transparent and available to review. This includes your advisors. Supporters should be able to see who you are, what your background is, and be able to understand how your background and capabilities lend to the type of technology you are developing. There are a lot of scams and people running off with tokens without delivering the product. People want to know what you have done in the past and what you are capable of doing now in this emerging space. This should be reinforced by the activities below.\n\n## Technical and Business Trust\n\nDo you have a thoughtful proposition of your technology that is in the form of a Position paper? A Position paper is not your “deck” in black and white A3 paper. It is a clear 2–3 page argument that you are trying to make that is supported by your technology proposal.\n\nOnce you have had your position paper out for a while, hopefully you have posted it on your website, or showed it to people privately. Your nascent community will be able to make comments, and suggestions that you can develop the Position paper into a White paper.\n\nA Whitepaper details specifically how you propose your technology will actually work. These documents typically have very detailed architectures, unique scripts, user flows, a go to market strategy, a value proposition, and more detail about your growing team and advisors. Many have token distribution terms, and a usage of funds description that will tell supporters how you propose to go about your endeavor. It’s not so much a prospectus in the traditional sense, but it acts very much like one. Most of the sophisticated crypto supporters will not even consider you if you do not have this in place, and properly structured. Technologists and developers will not take you seriously if you are not proposing something that warrants a token or the underlying technology is fluff, so take your time in presenting your best ideas and your process in your whitepaper.\n\nThe more sophisticated crypto/blockchain companies will offer a Yellow paper, or a second “technical” white paper, that will take much of the first two papers and actually present in scientific detail the technology and the innovations that they have created, or propose to create. In many cases the technology is tested and/or peer reviewed. I believe that the near future of token offerings will require this level of detail.\n\nA great example of this approach is Dr. Gavin Wood of Parity. His whitepaper on Polkadot is a great example of someone who takes his work, the community that supports him, and his company’s reputation very seriously.\n\n## Social Trust and Network Effects\n\nIf you haven’t already read the following books, I highly suggest you purchase, read and re-read these two books, as it will be the basic foundation for how you should think of blockchain networks, your technology, and the metrics that drive your community.\n\n![Information Rules](https://cdn-images-1.medium.com/max/800/1*TYIq_PpNejTiFB6zfivT0w.jpeg)\n\n![Platform Revolution](https://cdn-images-1.medium.com/max/800/1*LtA2R1ex9-VdOwLs8-TvQA.jpeg)\n\nOnce you have a basic understanding of platforms and network effects, and keeping in line with the transparency and competence of your team. The following social media platforms are integral to building credibility, trust, and your network\n\n## Reddit and Bitcointalk\n\nDon’t be afraid, jump in. There can be some ruthless trolls in these network, but without it, you and your technology are essentially non-existent. The great thing about these forums, is that it allows you to highlight your unique differences to the community, as well as for the community to get to know you and your vision for your technology. Most of the vetting and due diligence for projects will be done here.\n\nRemember, just because someone doesn’t like what you offer, doesn’t mean it’s not good. Find the people that love what you do and try your best to be responsive and deliver undeniable value to your emerging supporters and potential user base.\n\n## Slack and Telegram\n\nHaving a long term approach, by putting yourself out there and staying engaged with your community cannot be stressed enough. Slack and Telegram have become the default way for organizations in the crypto/blockchain space to stay relevant and connect to their supporters, users, and developers. People have to feel like they know who you are, and you are accessible to them. The most successful token offerings, and platforms all have a maniacal focus on their communities, and realize that the value of their network is an intrinsic element of their sustainability.\n\n## Legal and Token Trust\n\nAnother emerging framework for people to get their projects off the ground was proposed a while back by Jack Du Rose of [Colony](https://colony.io/) with his [Safe Agreement for Future Tokens](https://blog.colony.io/a-simple-agreement-for-future-tokens-or-equity-b8ef08608347). It is a take on the Ycombinator SAFE agreement, and it is another basic primer that you can provide your lawyer with to structure a “pre-sale” for your token so you can ramp up to your token sale. The proposal does require some modifications based on what i expressed earlier, but it is a simple and elegant tool that could provide an attractive offer to early stage investors who see the crypto/blockchain disruption happening in the traditional investment industry.\n\n## Token mechanisms and models\n\nIf you have decided to move forward with your project, and as I said earlier in this piece that there are many parts to doing a token offering that go beyond the scope of this paper, you will need to know what is the actual mechanism or model that you will use to raise the funding that you need for your project.\n\nVitalik Buterin has written a great article: [Analyzing Token Sale Models](http://vitalik.ca/general/2017/06/09/sales.html) that will allow you to understand some of the ways that organizations are experimenting with offerings at the moment. It also outlines the inspiration for developing best practices in the space. As a companion piece to Vitalik’s article, I encourage you to read Vlad Zamfir’s [A Safe Token Sale Mechanism](https://medium.com/@Vlad_Zamfir/a-safe-token-sale-mechanism-8d73c430ddd1).\n\nHopefully this basic introduction to how to do an ICO will send you off in the right directions. As I mentioned, I keep a pretty open door policy to anyone who wants to learn more, just hit me on [Twitter](https://twitter.com/_collinthompson?lang=en), directly with your questions, and I will try to respond, but answers are not guaranteed.",
      "json_metadata": "{\"tags\":[\"ico\",\"token\",\"sales\",\"ethereum\",\"startups\"],\"image\":[\"https://cdn-images-1.medium.com/max/800/1*mk2Ojo2NERuGukgJ25Q9Bw.jpeg\",\"https://cdn-images-1.medium.com/max/800/1*s44-XBDUANZTWofs18yeaw.gif\",\"https://cdn-images-1.medium.com/max/800/1*TYIq_PpNejTiFB6zfivT0w.jpeg\",\"https://cdn-images-1.medium.com/max/800/1*LtA2R1ex9-VdOwLs8-TvQA.jpeg\"],\"links\":[\"http://www.loc.gov/law/help/bitcoin-survey/#_ftn60\",\"https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory\",\"https://www.coinbase.com/legal/securities-law-framework.pdf\",\"https://colony.io/\",\"https://blog.colony.io/a-simple-agreement-for-future-tokens-or-equity-b8ef08608347\",\"http://vitalik.ca/general/2017/06/09/sales.html\",\"https://medium.com/@Vlad_Zamfir/a-safe-token-sale-mechanism-8d73c430ddd1\",\"https://twitter.com/_collinthompson?lang=en\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "ico",
      "permlink": "how-to-do-an-ico-a-simple-introduction-for-founders",
      "title": "How to do an ICO: a simple introduction for founders"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2017-07-21T11:02:45",
  "trx_id": "04d7ce62d848dd0518cf60e61af642ba76c197f9",
  "trx_in_block": 3,
  "virtual_op": 0
}

{
  "block": 13870105,
  "op": [
    "account_update",
    {
      "account": "collinthompson",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://media.licdn.com/mpr/mpr/shrinknp_400_400/AAEAAQAAAAAAAAwCAAAAJDNiYTI4OGEzLTEyMWItNDYwNC05ZmY5LWRmNTU5Y2ZhZDM5NQ.jpg\",\"name\":\"techronin\"}}",
      "memo_key": "STM661gr7GNLJbsgDXvX63LnMbSKqiXwxhnf4tU2w4y66TgrScAvt"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2017-07-21T06:36:42",
  "trx_id": "2992ae29e7be44f256a5e3faf7c9596810b77e3a",
  "trx_in_block": 8,
  "virtual_op": 0
}

{
  "block": 5219824,
  "op": [
    "account_create",
    {
      "active": {
        "account_auths": [],
        "key_auths": [
          [
            "STM79329o2wpyfUKbkh2Z892w8CTVntihcu71KydKZvu4TNxgc4sg",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "creator": "steem",
      "fee": "10.000 STEEM",
      "json_metadata": "",
      "memo_key": "STM661gr7GNLJbsgDXvX63LnMbSKqiXwxhnf4tU2w4y66TgrScAvt",
      "new_account_name": "collinthompson",
      "owner": {
        "account_auths": [],
        "key_auths": [
          [
            "STM5uCqRoNgEK6mWF8iqoYf9MkityGQFBqqA2xr8wHRhiiUyEBhY1",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "posting": {
        "account_auths": [],
        "key_auths": [
          [
            "STM7SVNWMdk2QBVN5VsQpEdBVLZMEEU4DQ1oicD3LDsxjro7xebPr",
            1
          ]
        ],
        "weight_threshold": 1
      }
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2016-09-23T11:55:00",
  "trx_id": "184003eb8b1752922517a9404cb67a12640a6234",
  "trx_in_block": 3,
  "virtual_op": 0
}