Overview and Week 1

Feb 19, 2019

For my project, I am analyzing the process of creating a cryptocurrency, and hopefully, determine what is an ideal balance between the ease of its transactions and the security of its data. I plan to do that through shadowing my external advisor, who works at Ecofund, who is tackling this exact problem. I will also compare his cryptocurrency to those already on the market. I chose this topic because combining finance and technology interests me.

I spent my first week brushing up on some finance concepts and learning more about blockchain technology. I did this by watching YouTube videos and reading articles online. I also read the Earned Token Economics Interest Agreement and the Earned Token Prospectus, which defines the stakes and responsibility of Ecofund employees who are working on the cryptocurrency.  If these documents are revised I will go through them again.

This week I have attempted to calculate Ecofund’s EBITDA off of its balance sheet, but some inputs needed have not been updated. In the coming weeks, I will be working with Ecofund’s accountant to calculate a more precise EBITDA value. I will also track supply and demand shifts of Bitcoin and Ethereum, which over time should give me a better idea of the volatility of cryptocurrency.

4 Replies to “Overview and Week 1”

  1. Dennis Woo says:

    This is a really cool idea. I guess that was the whole problem with Bitcoin, right? That it was mostly used on the dark web. I’m looking forward to following your project! Cryptocurrency isn’t something I know much about so I’m excited to learn more 🙂

  2. Vivek S. says:

    Seems really interesting! Excited to see where you end up!

  3. Ivana B says:

    What I am hoping to get out of you blogging your project is that I don’t appear completly clueless (as I am now) when people around me discuss bitcoins. 🙂

  4. Suraj P. says:

    Sounds like an interesting project!

    Just a suggestion:
    You may want to write out the the abbreviations before you use it. I am sure not many other people know that EBITDA is Earnings before Interest, Tax, Depreciation and Amortization.

    Nevertheless, it looks like a good start to your project.

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