Part 5/16:
If everyone can create a currency—say, for a community, a meme, or a fad—then the landscape rapidly becomes flooded with tokens. The speaker foresees millions of such currencies emerging, tailored to short-term internet phenomena, local communities, or personal identity markers. This raises a key question: How do we determine which cryptocurrencies hold genuine value?
Rather than viewing this as a zero-sum game where a few dominant coins are defined by legacy or issuer authority, the speaker advocates a paradigm where value is determined by adoption and use. In other words, the worth of a currency depends on how many people are willing to accept and use it, not who issued it or its origin story.