(This is the first in a series of three essays with my thoughts about the challenges, opportunities and other observations about the Ethereum community)
Ethereum: This thing just got real.
Harbinger of Change
Earlier, while reading an article about the partnership between Overstock, Argon Group and RenGen, to launch the new Tzero trading platform, I began to reflect on the state of affairs within the Ethereum community, including the developers, entrepreneurs, lawyers, academics, government officials and others who are actively involved with the protocol. To be clear at the outset, and notwithstanding my cautionary thoughts below, neither Tzero nor its constituents, are the subject of this essay; instead, the focus is on events and challenges that are likely to arise given Ethereum’s relatively untapped potential. Similar milestones have been experienced by many new, and quickly growing, communities, institutions, or in today’s nomenclature, ecosystems. Again, Tzero is a good thing for Dapp developers. It represents a fully compliant venue where sophisticated investors can create liquidity for tokens otherwise subject to transfer restrictions. This will provide many developers with capital, and for others, a much needed avenue to monetize tokens received as a founder. With that said, we’ll move on.