The investor boundary
Before you inspect the coin, define what you are actually being asked to underwrite.
Schools / Investing / Mincoin funding
Investor course · case study
A first-principles course on Mincoin as a proposed funding mechanism for projects that need human help. Learn to separate capital, work, information, ownership, and return before you let a compelling story make the decision for you.
Before you inspect the coin, define what you are actually being asked to underwrite.
Capital is not the only scarce resource. The mechanism must explain why people, not merely money, are needed.
Name the accounting object before naming the market.
Three flows can reinforce each other. They must not be mistaken for one another.
The investor’s job is not to admire coherence. It is to look for the break.
A funding mechanism needs a stop rule before it needs a growth story.
A receipt proves a bounded event. It does not prove the future.
A risk list is useful only when it changes the decision path.
A good memo makes a no easier, not harder.
Now combine the pieces: a project, a bottleneck, human help, capital, receipts, and a stop rule.
Choose a hypothetical project that needs human help. Map its useful change, proposed Mincoin mechanism, capital classes, work receipts, treasury cap, risks, and first offchain falsifier.
Open the local memo worksheet →This case study draws on public-safe artifacts from the BIPU/PVE course, the Mincoin marketplace boundary, the Hitchhiker’s Guide payment-rail design, the Beamline synthetic treasury receipt model, and the local-first story.markets prototype.
PVE Markets case study →Hitchhiker’s Guide repository →Mincoin marketplace boundary →Identity and payment rails →