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> There's a territory. There was digital land-grab on this territory. A tiny number of people bought all the available digital-land. Now everybody else needs to
by everfree 5y ago
> There's a territory. There was digital land-grab on this territory. A tiny number of people bought all the available digital-land. Now everybody else needs to buy the land from them. At extortionate prices.
Sounds just like the VC land-grab when investing in a hot new tech startup, and the subsequent dumping on the public at ICO.
But just like with stocks, nobody "needs" to buy crypto. If a company produces something useful to you, you can capture value as a customer without owning the stock. If a company ever uses blockchain technology to produce something useful to you, at that point you will be able to capture value as a customer without owning crypto.
> The good news? It's easy to create another territory. It's easy to create an infinite number of territories.
It's easy to create an infinite number of companies, but not all company stocks trade at the same value.