Price vs Value, what’s your take on the current cryptocurrency volatility?
Andrew (@andrarchy) and I spoke about the latest price volatility in the crypto markets in this latest podcast and how the concentrated continuous conversation about the prices of tokens distracts from conversations about the value of a token.
What does a particular token allow you to do?
Ideally a token like Koinos KOIN provides you with so much value that you’re not concerned about the price in relation to the US dollar at any particular moment because of the various things you can do with it.
HIVE is a great example of a value adding token. It has a price in various currencies to buy and sell, sure…
… but it provides so much more than that.
Value vs Price
Locking up/Staking Hive tokens gives you a voice on the network. The more tokens you have, the more weight that voice holds. You can vote for different developments on the Hive blockchain, you can vote for the various witnesses who run the blockchain but most importantly staking tokens strengthens your brand.
The more you can upvote others, the more attention your own posts get and the more interaction your content gets… and the more you can upvote the more you earn from curation.
Your local currency will probably exist forever… after all, it’s accepted everywhere easily in your region, which is super valuable… but will it provide you more value in a year, and so much more value in a decade? Imagine how much development the Koinos network or the Hive network or the Ethereum network will have in a decade from now and how many decisions you’ll have to make on how to use those tokens?
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What are your thoughts about Price vs Value in the cryptocurrency world? Let us know in the comments below.
Andrew and I have been chatting for a while before we created this podcast. If you’re interested in learning more about Koinos, here are some of the previous chats with Andrew …
Previous Koinos content
I did it! – Implementing Koinos Developer Testnet Preview
Koinos Developer Testnet Preview and BitClout
Koinos mining update
Will the US Government ban Bitcoin?
Real use cases for Smart Contracts
Clarion OS & KOINOS announcements!
Koinos Plans for 2021 – come join the community!
Transaction Speeds – Centralization vs Decentralization
Institutional store of value in digital assets?
Tokenomics of Blockchains
Enterprises and Public Blockchains
Feeless Blockchain Transactions – How does it work?
Token distribution – Mining KOIN and Proof of Work
Integrating with Koinos
Smart Contracts – what are they?
A conversation with Andrew from the KOINOS Group
Additionally, here are all the good bits:
Koinos Network Socials
Koinos Group Socials
Thanks so much for going through this funness with me!
Please note : The above post may contain affiliate links.
Below are some product referral links that I love and will benefit us both if you’re interested.
Splinterlands – A super fun blockchain card game that I play almost every day.
Coil – A $5 USD monthly subscription fee provides you access to a ton of content and sites in a way that fairly rewards the creators of that content.
Exxp – The WordPress App to link your blog to the Hive blockchain.
NomadTask – Earn for completing online tasks like following accounts or completing reviews.
MINT Club – Create your own Smart Media Tokens with no coding required.