2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E50: Crypto investing deep dive, Facebook's whistleblower fallout, Chappelle's new special & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Should Cryptocurrencies Be Considered Utility Tokens?

If the majority of people who bought a token in a project, will call it theacme crypto project, they buy acme coins if they're buying them, and they have absolutely no interest in using them for the utility. So i think that there should be an opportunity for these crypto currencies to establish themselves as utility tokens,. They do serve a purpose. They are designed to be part of a system, right? They're not just objects of speculation.

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