Whitepaper Abstract: The Whale Protocol is a study around how to enact fees on cryptocurrencies to prevent users from using a given cryptocurrency for value or speculation investment, instead using it only for day-to-day transactions. In theory, this protocol will reduce price volatility and make cryptocurrency a more attractive option for adoption as a medium of exchange. This protocol intends to prevent "whales" (individuals with a disproportionately high stake in a cryptocurrency) from inadvertently causing huge sell-offs. This is a common problem, and even recent 15% drops in Bitcoin have been attributed to it. This whitepaper introduces the concept of currency as a medium of exchange, adoption of a currency, cryptocurrency adoption, and demonstrates how increased price stability from our protocol can help fuel the adoption of cryptocurrency.
Status: The Whale Protocol whitepaper is currently being written. We are currently running economic analysis on the varying fee rates necessary to achieve optimal everyday usage while preventing whales from holding onto large sums of a cryptocurrency.
James Gan has a Bachelors in Economics from Cornell University. He has given workshops and talks about technical topics in Blockchain at the UW Blockchain Expo and other Seattle events. James published a paper in May 2018 on Bancor, finding a vulnerability two months before it was used to hack $25m USD from their network.
Mark Conrad has a wide range of experience in research and blockchain including working as a Data Scientist at lifeID, a company building a Blockchain solution for digital identity, as well as leading the University of Washington Blockchain Society as President of the Bothell chapter.