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RE: What gives Crypto value? A letter to potential investors.

in #cryptocurrency6 years ago (edited)

The practical part of all this for investment is similar to the dot com era question of how does it all shake out in the end. Being apart of the rise of crypto and the anticipated bubble phase is exciting, potentially lucrative but fundamentally necessary as a means to the end. We are participants in the transformation of money. We have store of value coins, utility coins, transactional technology/coins, "banking" platforms, anonymity tokens, community coins, etc. So far these sectors haven't been formally defined by any authority but with time they will and that will be a helpful evolutionary process. Then we can start to parse out the winners in each sector as was the natural process with stocks in particular with tech stocks that crossed the dot com chasm and remember many great tech companies were actually created after the dot com bubble burst. They learned from the pioneers.

Perhaps a thread could be started here on steemit to work on officially categorizing these sectors. From there indexes and critical comparisons could form.