1/ When dealing with currency, one of the major characteristic is as a medium of exchange. This means more than just swapping from one wallet to the next. From a technological angle, it is possible for all.
2/ Price stability is another vital factor. This gets overlooked by most in crypto because they are accustomed to dealing with a relatively stable currency. However, go into the developed world and it is a different story.
3/ Here is where the categorization of crypto is vital. Most of what we see is very poor at a medium of exchange. Hence it is more in line with a crypto-asset than a currency. This is where project teams go wrong.
4/ This is why many projects fail. If you have a value capture token, why do you try to add "utility" by setting it up to be used as payments. If the token has greater future value, like proponents of BTC claim, why use it for that?
1/ When dealing with currency, one of the major characteristic is as a medium of exchange. This means more than just swapping from one wallet to the next. From a technological angle, it is possible for all.
2/ Price stability is another vital factor. This gets overlooked by most in crypto because they are accustomed to dealing with a relatively stable currency. However, go into the developed world and it is a different story.
3/ Here is where the categorization of crypto is vital. Most of what we see is very poor at a medium of exchange. Hence it is more in line with a crypto-asset than a currency. This is where project teams go wrong.
4/ This is why many projects fail. If you have a value capture token, why do you try to add "utility" by setting it up to be used as payments. If the token has greater future value, like proponents of BTC claim, why use it for that?
5/ This simple point is why we likely have seen so many projects failing.
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