UTILITY TOKENS ARE NOT INVESTMENTS

Continuing with the never-ending theme of things crypto people make that also aren’t investments, next on the list, are utility tokens.

In theory, they’re actually not a bad idea. I often describe crypto tokens as gift certificates, and utility tokens are the best example of why. You’re basically buying the right to consume a service. In the context of software, it’s basically like buying a license. People have been buying digital licenses for years and when a new technology doesn’t require new behaviors it’s more likely to be successful. If you stop here and don’t go any deeper, this all looks pretty good.

But of course you know by now I never stop at the surface, let’s go deeper.

#web3 #crypto #blockchain #utilitytokens #eth #ethereum #sol #solana

[danieljohnkirby]

1990s: With technology we can build a world that's post-scarcity!
2020s: With technology we can artificially recreate scarcity!

[PerfectEclipse]

You, my good sir, are bringing more value through your videos than any cryptocurrency ever has.