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Depending on the underlying contract / agreement it can be anything you want. I view crypto as any piece of paper. In general crypto is freely tradable / sella
by jbverschoor 5y ago
Depending on the underlying contract / agreement it can be anything you want. I view crypto as any piece of paper.
In general crypto is freely tradable / sellable, and the markets/tools are there. Illiquid 'assets' are a lot more liquid than when hidden / on paper somewhere.
Want the crypto to represent shares in a company? They're worth that.
Want an NFT to represent the ownership or the beneficiary of the profits of some music/IP? Can be worth millions or 0. Depending on the success of that IP.
Want to notarize something on a public blockchain for future proof / timestamping? Probably worth about $500-$2000 or whatever your notary charges.
Want the crypto to represent karma points on hackernews? Priceless!