3 ms·
>Blockchains may be good for bootstrapping new network effects by giving early participants in a network (in a Metcalfe's Law sense of network) an incentive to
by hitekker 8y ago
>Blockchains may be good for bootstrapping new network effects by giving early participants in a network (in a Metcalfe's Law sense of network) an incentive to participate.
Unless I'm being extra dense today, this is the un-clearest answer I've read yet.
The 'may' qualifier also does not inspire confidence.
- progr4mmatic 8y agoIf the tokens provide utility, e.g. this token is 500gb of storage and adoption, network activity, or technology productivity increases, the value of these utility tokens will go up in value on the market. So it’s basically like a new commodity. Ether is compared to gas on the Ethereum network for distributed compute for instance.