Drafts by Dima Starodubcev
Cryptoproperty is one of the most rapidly growing classes of economic assets nowadays. There are... more Cryptoproperty is one of the most rapidly growing classes of economic assets nowadays. There are several protocols that determine working principles of the cryptocurrencies as well as several protocols that enable creation and accounting of crypto assets. Owing to unique value proposition, an explosive growth of crypto property is inevitable. The new emerging class of economic assets and corresponding economic system have early stage problems such as lack of clear definitions of basic terms, weak understanding of the value proposition, lack of understanding of how to assess risks and evaluate potential growth. The widely used corporate credit rating methodologies such as S&P, Fitch, Moody's based on IFRS, GAAP, and sovereign accounting report systems are not applicable to crypto property and thus cannot solve the above issues. This paper defines some basic terms for crypto property, outlines basic approach to their risk assessment, and proposes a decentralized solution for the evaluation of crypto property without the necessity for expensive audit procedures.
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Drafts by Dima Starodubcev