I don’t see mention of another fundamental concept to money and resource allocation here in the comments about this article. (I only skimmed it briefly myself a

I don’t see mention of another fundamental concept to money and resource allocation here in the comments about this article. (I only skimmed it briefly myself as life is short) The measure of the economic valuation of anything that can be traded is based on a persons “willingness to pay” (WTP) for the trade involved. This seems fundamental to both currency and anything looking to define itself as currency. I don’t see an inescapable reason for everyone to have a WTP to convert traditional money for cryptocurrency. Take email. Everyone nowadays needs an email account for many critical needs. It might be possible to function as an adult without an email account, but that probably requires more than a few sophisticated machinations. And of course people pay for the infrastructure to have an email account - cell phone for a client, perhaps some privacy for a free email account or actual money for other email accounts. Email is actually so useful and critical that people are willing to pay many times over a course of decades in service of that email account. Email has many inescapable uses and most people are thus willing to pay to have the use of an email account.