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Here's my two cents. Is it a fad and a bubble? Most likely. But do not discount value that the token creates as a network effect. Think of the currency as an i
by Crye 9y ago
Here's my two cents. Is it a fad and a bubble? Most likely.
But do not discount value that the token creates as a network effect. Think of the currency as an investment vehicle to reward people who jump on to the network first. Consider Facebook, the first hundred customers are billions of times more valuable then the last hundred.
Once this fad dies, people should start joining the networks they plan to use, and early adopters will be rewarded for helping creating the network.
On top of that, it decentralizes the control of the network but temporarily provides capital for it's creators. It does not ensure that their system will belong to them in purpituity. Which is a good thing!