Crypto Has A Use Case

Crypto, still largely valued on nothing more than the collective belief of its users, is the ultimate example to date of the power of a network, in every sense of the word. That that collective belief is a point of leverage for companies that can aggregate believers is the most natural outcome imaginable, even if it means that the lack of technical... See more

Centralized trust creates negative externalities even when those at the center remain trustworthy. As the market expands, a purely person-to-person approach breaks down and would necessitate the presence of intermediaries. Intermediation, on the other hand, serves many roles, but also imposes costs, especially when the intermediary is a private com... See more

Token appreciation within the bull market was mistaken for an indicator of business model strength. In a neutral market with all else held equal, perhaps I would concur. But once the tides turned and the music stopped, reality set in. Incentive based tokens deflated quickly and users left in flocks, illustrating the obvious – tokens are not paralle... See more

It's a flaw in a token economy if you are using your governance token and utility token as a payment layer. If you are being paid for your time on something, assume it will be converted to USD because people can't live off crypto today. With Braintrust, the token is a reward incentive mechanism, not a native form of payment for the work done on the... See more