Analysis in Chains - News and Views on Blockchain

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#172 - Utility and Decentralization

May 8, 2019

Utility tokens.  They were all the rage in 2017 and even 2018. Not only because people could raise millions of dollars with them really quickly, but also because they enabled blockchain protocols to work.  

But utility tokens were designed to be speculated on, and the more the price rises, the less people want to use them in a blockchain system. Instead they'll hold on to them as an investment. 

We need tokens to make decentralized systems work.  Is there a way to solve this problem?  And how can this inform how we design our blockchain systems going forward?

 

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