Utility Protocols
topic on 1 show · 2 statements across 1 episodes
2 statements about Utility Protocols, every show
Pfeffer predicts most native utility crypto tokens will eventually go to zero.
“They wouldn't just stop using it, but they might switch to a fee model where basically you're paying miners to maintain the network, but maybe you're paying them in digital fiat or a store value protocol that might be Bitcoin or something else. So I think that…”
Pfeffer predicts utility protocols will disrupt industries but tokens won't capture value.
“I think they're going to be successful. I think they're going to get a lot of users. I think they're going to be very disruptive. I think they're going to destroy, they'll create a lot of user surplus and destroy a lot of equity value. I just don't think the n…”