Alex Bradford
Portal to the crypto world: decentralized network connecting ideas, people, and information
We are moving to a world with tens of thousands of cryptoassets, worth perhaps tens of trillions in USD long-term, yet where can you go to understand and even begin to value cryptoassets? Reddit? Bitcoin Talk? Steemit? News sites? Seekingalpha? Your friends?
Most of us would agree that this void in reliable research and information (and propagation of misinformation) is one of the main problems hanging over the space today.
But who is going to solve this problem?
What would be the ultimate strategy to help solve this problem? A research firm with a few analysts publishing reports? Software that scrapes trading data? A startup trying to emulate the work of government regulators? How could any of these strategies possibly scale to cover thousands of cryptoassets — and actually help people to fundamentally understand cryptoassets — in a global market that changes by the hour with no government reporting standards? How could the research remain unbiased and yet include a multitude of perspectives and analyses?
The solution
To solve this problem, the community needs a research and information platform that is unbiased, rigorous, and scalable.
- Unbiased
As we have discussed in other articles and in our executive summary the crypto space is plagued by misinformation. Crypto news sites earn their revenue from token-sale advertising, and social media platforms propagate fake information and community support of projects. Furthermore, centralized research is broken: most investment research is published by broker-dealers, whose profits stem mainly from trading and banking revenues; in fact today, most investment research is funded by trading revenues and treated as a cost center. Even so-called “independent research firms” are controlled by a small group of individuals who decide all hiring, firing, compensation of researchers — and therefore what is good and bad research — as well as overall research coverage. To avoid these problems, a research platform needs to be decentralized so that no individual or small group of individuals decides what is good research and what research should be covered.
- Rigorous
To understand and value cryptoassets, you need rigorous analysis of: user traction, who owns the cryptoassets and why, business fundamentals, back-end architectures, protocols, White Papers, coin and token structures, government regulations, trading data, and much more. You need various perspectives with backgrounds in computer science, economics, business fundamentals, government regulations, investing, and trading. In other words, you need a mosaic theory¹ approach.
- Scalable
For a platform to cover tens of thousands of cryptoassets with scale — with many perspectives and ideas — you need a global network that connects millions of users. One team of research analysts cannot possibly cover tens of thousands of cryptoassets, especially not with rigor or with varied perspectives.
Importantly, the network needs an economic engine that powers thousands of individuals to contribute quality ideas and discussions, and that is also fair, accurate, accountable, transparent, unbiased, free of conflicts of interest; quality (and compensation) should be pegged to a decentralized system (a) that rates contributors and contributions and (b) that also measures accuracy of predictions.
About Mosaic
This path of conclusions led us to developing Mosaic. Mosaic is tackling two of the most pressing problems plaguing the cryptoasset space today: (1) unreliable and insufficient data and research; and (2) an overall painful user experience for market participants. Mosaic solves these problems by providing a database platform and decentralized market intelligence network with an intuitive user interface. By solving these two problems we believe Mosaic will become the main cryptoasset app — the gateway to the crypto world — where people get their data and research, discuss ideas with other members of the community, and manage their portfolios through the Mosaic meta-exchange. Please read our other materials here for more information about Mosaic’s strategy and product.
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[1] Mosaic Theory is a rigorous research approach in which the analyst arrives at a conclusion by piecing together and analysing many bits of information from various sources.
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