Bankless cover image

207 - Read. Write. Own. | Chris Dixon

Bankless

00:00

Like stocks or real estate, speculation isn't the point of crypto

Cryptocurrency tokens can be valued using traditional financial mechanisms, with Ethereum being an example of a productive asset that generates cash flow. Many tokens are productive assets and can be valued using traditional financial methods. Speculation in the crypto market is compared to speculation in real estate or stocks, where it is seen as a side effect rather than the main purpose. The main purpose of crypto is to provide digital ownership, which is crucial in a landscape dominated by a few internet giants. While guardrails are needed around speculation, banning digital ownership because of speculation is not the solution.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner