So do you still think we will live in a world with thousands of tokens and people using "coffee coin" and "sports authority coin" or do you see that money is the ultimate competition and we will only have one with any significant value?
It's a great question. I'm 90% a BTC maxi, and think all other forms of money will ultimately lose value to BTC, however I look at the token economy (see my post 'The Tokenized Economy of the Future' more like a stock market where we redefine and decentralize value. I think the two can mutually exist.
The reason the token economy can work is because of the treasury, where tokens are backed by digital assets, thereby giving them intrinsic value and a floor price. Tokens can then trade at multiples of their backing, just like a stock trades at multiples of their P/E.
So do you still think we will live in a world with thousands of tokens and people using "coffee coin" and "sports authority coin" or do you see that money is the ultimate competition and we will only have one with any significant value?
It's a great question. I'm 90% a BTC maxi, and think all other forms of money will ultimately lose value to BTC, however I look at the token economy (see my post 'The Tokenized Economy of the Future' more like a stock market where we redefine and decentralize value. I think the two can mutually exist.
The reason the token economy can work is because of the treasury, where tokens are backed by digital assets, thereby giving them intrinsic value and a floor price. Tokens can then trade at multiples of their backing, just like a stock trades at multiples of their P/E.