Intrinsic Value

The difference between crypto and the stock market is that if you don’t like Elon Musk, you might still want a Tesla. If you dislike him, you might still use Twitter, and as far as I can tell, a major purpose of Twitter is people discussing why they don’t like Twitter or Elon Musk. But you can drive your Tesla and use their admittedly superior charging network without joining the legion. You can tweet to announce your company’s hiring fair or hype your fans for an album drop. These things all have use, and if you’re not a true believer in the cause, you might still want to use the product. I don’t and never did see a use for crypto other than crypto.

Want to know the simple difference? Companies loudly quit advertising on Twitter. They still post on Twitter.

I get blockchain. That kind of indelible, immutable record makes sense to me. If I never wanted a bitcoin, I could imagine wanting something anchored to the blockchain. The history to a title on a house could be kept there, and then title insurance could be done that way. Whether or not it would work was a different situation. It might not be worthwhile to use. The need to have an interface between you and the blockchain might ultimately overcome the advantages. But a blockchain-based ledger could be more useful than a non-blockchain-based ledger too. Without being a true believer, I could see myself using blockchain.

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