Thin Protocols, Lack of Network Effects and A Theory of Value for Security Tokens
▻https://hackernoon.com/thin-protocols-lack-of-network-effects-and-a-theory-of-value-for-securit
Understanding how value is created and accumulated in a technology market is the most effective, and arguably the hardest, way to develop a unique thesis about the space. In the case of security tokens, formulating a value creation thesis seems to be particularly difficult given the early fragmentation of the space. After a year of frantic development, hundreds of new players, many more press releases and the first group of issued tokens, we still don’t have a clear picture of how the main value creation avenues in the security token space. Today, I would like to explore a few basic ideas that might provide some clarity into how value will be created and accrued in the crypto-securities market.The challenge of formulating a theory of value for security tokens is particularly difficult (...)
#cryptocurrency #security-token #blockchain #invector-labs #ethereum