Cryptocurrency - The Art of Microeconomics

The founders of protocols oftentimes declare a nation state scale thesis without abiding to the basic principles of economics, supply and demand. The most important determinants of a token's on going e are, one, the desirability of the underlying eco system, and two, the tokens intrinsic utility within the eco system. Without a clear understanding of how the eco system produces and captures value, it becomes almost impossible to alligne the capital allication strategy with what creates a long term, successful and resilient eco system. O very own design a block chain networks value is largely dependent on the quality of natural resources, block space and gas, and demand for the network's goods and services.