The Rollup

Crypto's New Valuation Frameworks with Jordi Alexander and Sam Kazemian

4 snips
Dec 16, 2024
Join industry veterans Sam Kazemian and Jordi Alexander as they unravel the complexities of valuing digital assets in the crypto sphere. Sam challenges traditional frameworks by categorizing tokens into 'sovereign commodities' and 'labor-representing tokens,' sparking a lively debate on Ethereum's narrative. Jordi dives into the concept of 'community money,' highlighting how assets like Solana and Dogecoin thrive on social dynamics. They also touch on the significance of provenance and community engagement in shaping crypto valuations. Dive into their insightful conversation!
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INSIGHT

Two Token Types

  • There are only two types of tokens: sovereign commodities (like Bitcoin and Ethereum) and labor-representing tokens.
  • Ethereum is mistakenly being treated as a labor-representing token, which undermines its potential as a scarce commodity.
INSIGHT

Valuation Framework

  • The misallocation of capital in crypto stems from a lack of a consensus framework for valuation.
  • Establishing shared rules of engagement for valuation will improve capital allocation.
INSIGHT

Separate Tech From Asset

  • Separate the technology of a blockchain from the asset itself when evaluating crypto.
  • Socially constructed narratives about a crypto asset significantly influence its value.
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