Source: Balaji Srinivasan, "Thoughts on Tokens," avail. online (Oct. 31, 2017)
Some might consider these views on tokens by B. Srinivasan as “old hat” in a fetishized quest for argumentative novelty. “Oh I’ve read that before,” was my stance too. However, particularly during not just a crypto risk-off, but a sweeping multi-asset class drawdown, my humbler perspective is to revisit “vintage” arguments, as they very well might share the aging attribute of fine wine (or not, but a revisit is still warranted).
The Main Points (of personal interest):
- Tokens should be viewed as paid API keys
- Tokens are an important funding mechanism for startups to challenge the hegemony of big tech
- Tokens != tokenized equity
- Tokens reward early adopters, fusing the customer & the skin-in-the-game aligned investor