RE: The True Value Of Cryptocurrency
That is a great point I didn't really think of or look to address in the post, I wasn't really trying to explore what deems an underlying asset valuable but the ideologies that cryptocurrency brings to the world, a different way of thinking and dealing with money, resources and services.
While how to peg a value on cryptocurrencies is very much still up for debate I currently see it as a global pool of resources the world has created and anyone can tap into it which is something the world has never seen before. We don't know how to handle it or what to really make of it or what to do with it as yet but once we do things will really get exciting
I do like what you said about the business being the underlying asset of value but would that work for everyone? What if im a software company my code is the only thing that's mine, what if im a service/consultancy business my time and the skill myself and my staff have is in demand and that's really the underlying asset generating the wealth