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A sceptic’s guide to crypto: the ‘smart’ money

FT Tech Tonic

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Crypto Tokens - Is There a Separation Between the Casino and the Projects?

When there is a token involved, there is a speculative financial component to it. There are web three social networks where in order to post, you need to own some amount of the token. And once you have crypto tokens, well, you effectively have a speculative mocket. I think that's why i push back so hard on arguments from the a 16 zsnd and the folks like that because there is no way to separate the casino from the projects that are supposedly providing utility.

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