CoinFund's Jake Brukhman and Multicoin's Tushar Jain on Generalized Mining - Ep.92

Jake Brukhman of CoinFund and Tushar Jain of Multicoin Capital discuss a new trend among crypto funds: generalized mining, also called mining 2.0, in which investors participate in the networks in order to seed activity on them. For instance, an investor might offer disk space on a file storage network or provide capital on a decentralized lending network. They explain why it makes more sense to do this in the early days of a network than when it's matured, whether this will lead away from a peer-to-peer vision for crypto toward more professionalization and how this affects the basic premise of the fat protocols thesis. We also discuss how this impacts how crypto funds hire, do their accounting and reporting and structure their LP agreements.
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Episode links:
Jake Brukhman: https://twitter.com/jbrukh?lang=en
CoinFund: https://coinfund.io
Tushar Jain: https://twitter.com/TusharJain_
Multicoin Capital: https://multicoin.capital
Jake's post on crypto borrowing: https://blog.coinfund.io/crypto-borrowing-and-staking-networks-e7d2d64a81a4
Tushar's post on generalized mining: https://multicoin.capital/2018/10/23/the-evolving-role-of-crypto-investors/
Jake on LivePeer as a case study: https://blog.coinfund.io/livepeer-cryptoeconomics-as-a-case-study-of-active-participation-in-decentralized-networks-19a932415e0e
Unchained episode with MakerDAO: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable
Unconfirmed episode with Rune Christensen of MakerDAO: http://unconfirmed.libsyn.com/rune-christensen-of-makerdao-on-its-15-million-from-andreessen-horowitz-ep039
Initial witness offerings, by Jake's partner Alexsandr Bulkin: https://blog.coinfund.io/iwos-with-adapt-a-creative-technological-solution-to-a-regulatory-problem-513b0bc811ff
Jake's post on fat protocols not being an investment thesis: https://blog.coinfund.io/fat-protocols-are-not-an-investment-thesis-17c8837c2734
Unchained interview with Joel Monegro, the author of the fat protocols thesis: http://unchainedpodcast.co/placeholders-joel-monegro-on-the-fat-protocols-thesis-today-ep65
Videos that Jake mentions at the end of the show:
Generalized Mining, An Introduction & Primer by Jake Brukhman, CEO of CoinFund: https://youtu.be/ceex9CN2YZU
Panel #1: Supply Side Services | Generalized Mining and The Third-Party Economy: https://youtu.be/Cr6H2FcidjY
Panel # 2: New Role of Crypto Investors | Generalized Mining and The Third-Party Economy: https://youtu.be/zakQc07GRXA
Panel #3: Staking Economic Design |  Generalized Mining and The Third-Party Economy: https://youtu.be/ydViUpTZens