What Makes Cryptocurrency Valuable? - Tokenomics Part: 1
Вставка
- Опубліковано 3 чер 2024
- What Makes Cryptocurrency Valuable? - Tokenomics Part: 1
blockgeeks.com/guides/what-is...
When you look at a big list of cryptocurrencies and their prices, it can be easy to wonder why they're priced the way they are. Don't a lot of them do the same thing? Why would one token be worth $500 each while another similar token is worth 30 cents?
In this guide, we dive into many of the factors that make up a token's value. In Part 1 we cover everything from how the token is minted, to where it's built, to what type of tokens have more value.
For more blockchain videos, guides, and courses-- visit us over at blockgeeks.com/ - Наука та технологія
You've been underrated, guys! I found some gold information in this short video that saved me a lot of time searching for answers! Thanks a lot.
How do you not have more subs? You're putting real effort into your videos and they are quick videos with a lot of important information you make it so easy to follow that even a lot of elementary school kids could follow it.
Literally not one moment in this video actually explains why a business, government, or individual would relate real-world worth to a cryptocurrency, just a cross-comparison of how cryptocurrencies could be appealing (or not) against each other.
Thanks for saving me precious minutes of watching something useless...
So you didn't understand.
He literally explained that the first mont
I’ve watched it twice, nothing in the video explains why a cryptocurrency is worth the quoted price. If I create a token, pre-mine 100 tokens. What dictates that each token is worth $10 or $100 or $10,000?? Just because I say so? I get that at some point it’s worth want people are willing to pay….so, in reality, the worth is based on hype? If I can convince some idiot to give me $10,000 each, is that it????
@@abuba6boo6 I disagree. What irritates me about crypto or my impressions of crypto... It seems to be heavily swayed by UA-cam viewership and click bait titles... All the price action predictions in every friggin video are just sickening. It's one thing to believe in something but to throw a price prediction with no basis to make the claim is just asinine to me.
Wow! Just came from a poorly explained paid service video. This is so beautifully explained, I could kiss you! New subbie!! Thank you so much
Very well explained guys! This is gold, thank you!!
Thanks for the kind words Sam! :) Are there any topics you'd like us to cover that we haven't yet?
@@BlockGeeks I'd like to see the advantages and disadvantages of starting a Blockchain from zero. Including the best programming languages that are implemented today (golang, python, JS etc). If I were to...let's say want to start my very own Bitcoin, what skills would I need (or which programming languages) in order to modify and deploy my new Blockchain. So a start-to-finish guide for someone who understands HOW blockchain works in theory but doesn't have a clue about how to modify and deploy one to get things running.
@@BlockGeeks Also, please do a video on a "hypothetical country" that has completely adopted a Blockchain based system.
How does the country trade goods and services?
How does it value it's number of coins?
How many coins would need to be in distribution in order to have Billionaires and low income earners?
How does security fair up?
Voting?
What if it could vote corrupt people out of office through Smart Contracts? Advantages and disadvantages of this please!
Well, I have a lot more questions for you, hope this will be fine for now.
Just hit that bell icon for this :)! Can't wait!
@@samminniota Both great ideas! I'll be sure to let the team know and we can talk about them. We have a few things in the works already that you might like! :)
For the time being, we have some similar content that you might like! For example, our Real World Blockchain series here:
ua-cam.com/play/PLy_eQQ6VGZFxiYp89IE19c7Q_ulN3Enzq.html
Explores a lot of the things you mentioned like voting, and the supply industry but done on blockchain.
If you're interested in really diving in to the coding and blockchain launching stuff I also recommend you visit our site! We have tons of courses that cover the exact sort of thing you're looking for! You can even earn Bitcoin while you learn with us. I'll link you to a couple of our courses below so you can check them out. I'm glad you're so excited about all this! It's an exciting technology.
Intro to Ethereum: courses.blockgeeks.com/course/bg101-ethereum-course-101/
Introduction to Building Decentralized Applications: courses.blockgeeks.com/course/eth102-intro-to-building-dapps/
Understanding Tokens and ICOs: courses.blockgeeks.com/course/workshop-series-tokens/
Let me know if you have any more questions! Cheers!
Nabel tools on Instag help me in increasing my Bitcoin on my wallet account the guys is a tech professional he increase mine in less than 45min
So a crypto currency gets value from... what social media says about it?
good video thank you
If I start a coin only to be used for a closed network or community how do I put value to our private coin? Do I deposit actual money to back each coin? Such as $1.00 for 1 coin of ABC crypto?
Do you have a discord ?
Good one
Nabel tools on Instag help me in increasing my Bitcoin on my wallet account the guys is a tech professional he increase mine in less than 45min
Have yo any resources to get this kind of information regarding scarcity etc
Nabel tools on Instag help me in increasing my Bitcoin on my wallet account the guys is a tech professional he increase mine in less than 45min
I understand what traits and qualities give crypto it's value but let's say hypothetically tomorrow the whole world abandons fiat currency. What is governing the coins worth at that point. Is the value of an alt coin compared against bitcoin? Like bitcoin as the gold standard to all other crypto.. and if so what would govern bitcoins value? This is what I'm trying to wrap my head around. Assuming one day in the future however long from now fiat is abandoned and crypto is everyday use currency.
XRP is the gold of crypto and will be the standard by which all other cryptos will be measured. Fiat currencies will stick around for a little longer, and will be backed by XRP.
>Elon Musk tweets a pic of big chungus
>half of my paycheck vanishes
Going to watch 2nd video. What this video explained was basic economics not why cryto is valuable. The only value I see to crypto is a peer to peer transaction platform. Which wasn't even explained here. I want to understand very basic value. What is the utility of crypto? Ok peer to peer transaction capability outside the fiat banking system is a good start , but I need more in order to actually buy-in. Pun intended...
Still don’t get how the coins are worth money
Fundamentally, what is money tho?
@@moslouispham
A commonly accepted *STABLE* currency
It's a fiat currency that gets it's value from other fiat currency so its super retarded. I always laugh when people lose their life savings investing in crypto
But why? What do I care that it's limited if they have no real use. I can paint a bunch of very limited paintings but no one will care. I dont want to trade these with other people's paintings either. I am having a problem understanding the value of a crypto currency if the only real money application is buying, selling, or trading crypto with real money. Does anyone see the error in my train of thought and know how to break this down for me?
This is exactly why I came here, but didn’t get that answered.
There are a few major stores that accept it, so there’s your value. However, it’s like baseball cards it has value to people who find value in it, but worthless to people or stores that don’t care about it.
@@jessey1729 If that's truly the case then I think it's super stupid.
Well, if you can sell it on the open market for $ then it has value, right?
It is like any other coin however it is "international". For the time being, there is few places that accept the coin as payment. That allied to what you said about only being used for trading makes it seem useless. However, that is because people are using it not like it was intended. Once we see more adoption, that will change.
Orchid OTX $50,000 In Deep
🙏🏼✨🙏🏾
There is value because it is scarce?
Pretty much and also the power of imagination which is why you here about all these crypto currencies popping up then dying when people stop believing it has value
Is it me or does it seem that he is talking way too fast?
You can adjust playback speed.
For alot of people he's talking at a speed that's just right or even a bit slow.
Nabel tools on Instag help me in increasing my Bitcoin on my wallet account the guys is a tech professional he increase mine in less than 45min
You think this guy talks fast go listen to Ben Shapiro
You still not explaining what the value of a coin is. How do you face value of a coin what does a particular coin do is it its technology what is its technology
Who is here for pi?
We know how supply and demand works..
I don’t understand a thing!
When you explain a new phenomenon, you better slow down the speed of your narration...we need to digest.
Wait. What?
i only find Decred and Cardano valuable. expecially Decred.
#Tokenomics doesn’t work!
Tokenomics is the rug pull. you give us more coins so our wallet value doesn’t fall as quickly as the actual coin value falls, thus helping everyone to not sell because the value goes down so slowly you dot realize until your low, but hey you more coins!
Ok boomer
If you want to hear the gospel, press read more.....
Jesus died for our sins, he suffered and did nothing wrong. A crown of thorns was dug into his skull, was whipped 39 times, then was forced to carry a giant wooden cross up a hill. Then finally, was crucified and suffered the full wrath if God, he rose once more three days later. Believe this, and you will inherit eternal life.