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RE: Why I believe (most) utility tokens are a bad investment 🤔
I have had the same thoughts about these utility tokens. They can provide access to useful services, but unless the service is absolutely essential and pretty much a monopoly then they don't appear to be anything better than a loyalty scheme.
Indeed. I do think that some utility tokens may one day grow into currencies.. like a social media platform with it's own token. If everybody ends up using that, it may very well function as currency one day. But that's still a loooong way off, and no way of knowing which it will be.