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"The best use-case for a crypto coin is as a share of an underlying economy" There is no such thing as a 'share' of that economy. "So when the network first l

"The best use-case for a crypto coin is as a share of an underlying economy" There is no such thing as a 'share' of that economy. "So when the network first launches you get to purchase a share of the ethereum economy for relatively cheap" No - you're not purchasing anything but a number. "The problem with the recent ICO wave is that the value proposition " There is no fundamental value proposition with coins - that's the problem. There is absolutely no way to value them. They are just worth what some folks in the crowd think and that is the beginning and end of it. "very little room to grow outside of the increase due to massive bubble valuations." ?? What is a 'bubble valuation' - there would have to be a 'normal valuation' to compare it to. There is no normal valuation for any crypto. They are just 'numbers that you buy'. It's digital monopoly money with no face value. Why not $1 Billion USD for a BTC? Why not $10 dollars? There's no rhyme or reason for the prices to be what they are at any given time. Currently it's just a function of how many people are finding out about it, i.e. correlated with Google Trends.

hackinthebochs 9y ago
>There is no such thing as a 'share' of that economy. If inflation is limited or even capped, and the usage of the network requires tokens, then yes, holding tokens is trivially a share of the economy.
- alexasmyths 9y ago
  I see what you mean by that, and it's not an unreasonable position, that said, it's really hard to make the assertion that it's a 'share' in the economy. Why? Because A) we don't know there will be a fixed amount of currency - Kik owns 90% of the Kin, they could dump on the market at any time. And B) There's no reason that people are going to be forced to use a specific currency in most places. If there are people playing speculative games with a currency, well, people will just use another one. But it's fair to say that it's possible to 'gain' from an economy by buying into the currency as long as it meets certain conditions.

hackinthebochs 9y ago

>There is no such thing as a 'share' of that economy. If inflation is limited or even capped, and the usage of the network requires tokens, then yes, holding tokens is trivially a share of the economy.

alexasmyths 9y ago
I see what you mean by that, and it's not an unreasonable position, that said, it's really hard to make the assertion that it's a 'share' in the economy. Why? Because A) we don't know there will be a fixed amount of currency - Kik owns 90% of the Kin, they could dump on the market at any time. And B) There's no reason that people are going to be forced to use a specific currency in most places. If there are people playing speculative games with a currency, well, people will just use another one. But it's fair to say that it's possible to 'gain' from an economy by buying into the currency as long as it meets certain conditions.