Commonly asked question: If Blockchains destroy 1 Billion in revenue, how much will value will accrue to the underlying tokens? h/t @MustStopMurad @nic__carter
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Replying to @derek_hsue @nic__carter
(1) TBH I think these decentralized Ubers and Airbnbs won't even exist anytime soon to warrant a serious conversation=) No incentive AT ALL for hustlers to build it, let alone compete with GARGANTUAN existing networks effects. People'll pay <20% extra for networks effects+ease.
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(2) But this discussion just reiterates my beliefs in the following: (A) All "utility or MoE ==> ICOs/Tokens (that aren't securities / pay dividends) are scams (no exceptions). (B) Fat Money Thesis =)
11:37 AM - 29 Mar 2018
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