You are viewing a single comment's thread from:

RE: Utility Theory and why only "Measurably Beneficial Decentralization" matters

in #steem7 years ago (edited)

'Mainstreamability' is a splendid neologism. I'm stealing it. I'd define it as.: 'to pull crypto out of peoples heads and mouths and to put it into their pockets and hands'. Tell me please the answer of my mainstreamasbility question wrt Facebook and the Fed. 'Bitcoin has no use' is equivalent to say that 'Gold has no value, cause you can't eat it'. The utility of any form of money is in transforming barter into trade. Benchmark goods to which to measure and exchange anything else for. And it greatest utility is its total lack of any other utility except for payments. Stronger transactors or currencies are very sought after thing, I'd say even - subject of endless 'arms race'. The utility of an utility token is the utility of what money can buy. Mainstreamability of money is a function exactly of what money can buy. Utility tokens are goods to buy with money if ofc the user does not source everything from the particular tokenized service provider.