Lepricon – The Road Ahead

One week ago, we were getting ready to conduct three public offerings and an initial DEX offering. We were a blockchain company with a value proposition and a token. We discussed a future where the world of video games and blockchain merge, like two galaxies inescapably pulled together by the forces of gravity and inevitability. We…
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Too big to fail, 2008, too small to win, 2021

In Oscar Wilde’s Lady Windemere’s Fan, Lord Darlington quips, “a cynic is a man who knows the price of everything and the value of nothing.” But maybe Lord Darlington has it all wrong? Perhaps the correlation between price and value is a lot shakier and more ethereal than we think? Last week’s action in the stock…
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Non-Fungible Tokens and Lepricon

What is an NFT? Simple. It is the opposite of a cryptographic currency or token. Suppose one bitcoin is interchangeable with any of the other 20,999,999 bitcoins. In that case, one NFT is unique, and no other digital asset exists that somebody can exchange for it for the same benefit. In an analogy with the…
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Prediction Markets — One Giant Leap for Bettors

When Neil Armstrong stepped on the moon over fifty years ago, he took a small step for man and a giant leap for both mankind and bettors everywhere as this was the first time a bookmaker accepted a bet on a non-sports related event. As Todd Dewey explains in his Las Vegas Review-Journal article, Bookmaker William Hill lost…
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The House Doesn’t Always Win, Sometimes It Cheats

“The house always wins” is a familiar saying to anyone who has visited a casino, and, although it’s a truism, sometimes the house doesn’t always win. Sometimes it tries to cheat or at least bend the rules and take advantage of questionable situations. Sometimes what you think is the house is something entirely different. Some…
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Two Sides of a Coin

In my previous articles, Welcome to Lepricon, Where Blockchain and Gaming Collide, and Wherefore Art DAO, Lepricon?, I made the point that Lepricon is not about blockchain; it’s about entertainment. In this article, I want to explore what that means in practice. I also want to discuss how this fits into a larger picture, one where the solutions…
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Prediction Markets — Smart Contracts, Brilliant Bets

I think we can safely say 2020 didn’t quite turn out the way most of us had expected when the calendar turned from December 31st into January 1st about a year ago. Few envisioned a pandemic that would shut down world travel, grind business to a halt, and see governments around the world pumping money…
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Wherefore Art DAO, Lepricon?

One of the most significant developments in blockchain technology and smart contracts has been the origination of a game-changing concept in corporate structure; the DAO. In this context, I am not referring to The Genesis DAO, also known as The DAO, although I will turn to this subject later. The lessons the market learned from…
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How Prediction Markets Work

Gambling — the wagering of something valuable on an event of an uncertain outcome with the primary intent of winning additional money or material goods — is something man has been doing across his thousands of years of human history. Greek mythology tells the story of the three brothers Poseidon, Zeus, and Hades drawing lots…
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The New Lepricon. Not the Same as the Old Lepricon
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