kaal:claim:3782192-036

Bitcoin and Ethereum are worth hundreds of billions of dollars not because people are using them but almost entirely because of speculation on their future value, which is the expectation that people will use them to build decentralized autonomous organizations.

These networks are worth hundreds of billions of dollars, not because people are using them, but almost entirely because of speculation. People see the future value of these tools. Their future value is the dream that people will use them to build DAOs.

Craig Calcaterra, Wulf A. Kaal, Introduction to Decentralization (2021), Future, p. 10
https://ssrn.com/abstract=3782192 · source PDF

Craig Calcaterra, Wulf A. Kaal, Introduction to Decentralization (2021). SSRN: https://ssrn.com/abstract=3782192

• cryptocurrency network valuations as of the time of writing

empiricalsupport: assertedtokenomicseconomicsdao

• supported_by kaal:claim:3782201-021 Despite billions of dollars of investment, radically decentralized tools including bitcoin currency, Ethereum ...

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