DCF appears at first glance unsuited to digital asset valuation because valuation is framed as pricing a token at a point in time, but it becomes applicable where networks return cash flows to token holders or to those who contribute work.
Source quote, verbatim
However, some digital asset networks do return cash flows to token holders or those who contribute work to the network. In such a case, DCF can shed light on the role of these structures in digital asset valuation.
Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886
Holds when
networks that distribute cash flows to token holders or workers
Classification
conditionsupport: arguedtokenomicseconomics
Verify
The quote above is an exact substring of the source PDF, whose sha256 is 52ba05b1292b1be4bfaf1ee5cf56b14fea9c196d870603e794d7ee316df129bd. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/865c4af8ea8c4c44...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4033886-036.md | sha256sum