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Joined 1 year ago
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Cake day: June 8th, 2023

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  • The value of tokens on the Blockchain are ostensibly related to the value of the apps that stake/work supports. NFTs were just another attempt at creating some real app/service value which didn’t have all the difficulty or intrinsic value problems that being a payment processor does.

    The core problem is the same though. Speculative value of the tokens can’t really exceed the actual intrinsic value of the underlying Blockchain apps. For such apps to actually work as intended, more thought needs to go into anti-speculation mechanisms.