about 20,000 cryptocurrency There are units and it is very difficult to determine which of them is valuable and which is not.
Since there is no standard, it remains unclear how the value of a cryptocurrency will be measured for now. While the technology of a cryptocurrency does not make it valuable on its own, many factors such as use case, management rights, token economy emerge.
At this point, some investors Describing the tokens that grant the right to governance as “valuable” for this reason alone has angered Ethereum founder Vitalik Buterin.
One of the governance rights cryptocurrency Buterin said that investing $500 in a crypto to influence the vote and have a 0.0001% say in the voting is not a good trade.
Underlining that it is a good idea for a project to be managed by the community, Buterin thinks that it does not have a decisive role in “value”.
You think, “I’m buying $X because later when someone wants to change the protocol, they might want to buy it from me and someone else”, but for ordinary people, paying $500 for 0.0001% voting rights is not a good trade.
This is a good trade for multimillionaires and hedge funds.
An interesting event occurred after Buterin’s warnings.
The post has the phrase “X”, which Buterin uses to give an example altcoin It retracted after experiencing an increase of close to 300%.
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