As Cryptocurrencies Reach New Highs, The Ethereal Summit Paints A Rich Future
Laura Shin's article on cryptocurrencies is a must read. Worth noting the part about tokens vs stock market. Paints a different picture of how this crypto revolution is different than just another stock market venture.
Tokens, he said, invert those incentives. “A token has financial value when the network or service it represents is being used an increasing amount, so you’re not incentivized to get a company to increase profits but rather incentivized to get as many as people as possible to use the service,” he said. This then leads to the value being distributed more broadly.
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