| From the Desk of Don Yocham: Blockchain is more than code – it's digitized economics.
Protocols like Bitcoin, Ethereum, Cardano, Filecoin, Zcash, etc. use economic incentives to monetize the value of the work performed on their network. With the right incentives, the token or cryptocurrency then acts as a conduit to monetize that value.
But to navigate the 16,000-plus cryptocurrencies flooding the internet today, we need a framework to think about that value. And a few years ago, I laid out a couple of approaches in an article that I'd like to share with you today (the original can be found here).
Not long after I published this piece, I got a surprising text from a friend. He was attending the World Economic Forum in Davos (yes, that one) and he said in his text, "Hey man, I'm here in Davos. I just got out of a session about crypto and someone mentioned your article. A lot of people had read it. And we spent a long time discussing it."
Though I'm not really the Davos type, I'm glad it created some food for thought somewhere.
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PS> As human societies have evolved, so has the look of money. Starting with shells and whale teeth to leather currency, coins, paper money… the gold standard… checks, credit cards.
With a long enough view of the evolution of money, it's easy to see that cryptocurrency is not just an aberration, as some critics have called it.
It's just the next natural evolution of money — keeping step with the growth and sophistication of human societies.
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| Disclaimer & Disclosures
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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This email was sent to edwardlorilla1986.paxforex@blogger.com by Long Weekend | |
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