Wednesday, July 12, 2017

Tweet 2 Blog via tiny subversion.com - 1

Increasing call to rechristen crypto-currencies as crypto assets. Makes sense since tokens are essentially gate-passes to participate in respective environment/blockchain/network. so value of crypto-assets a reflection of investors bet (right/wrong) on value of the network thought experiment. India Stack elements are "public good". could we tokenise access to the stack? as use cases proliferate, value of tokens permitting access to the stack should rise. 

to bootstrap, we could distribute tokens amongst citizens via Aadhaar accounts
Would that be "free money"? Or would rating agencies add IndiaStackTokens to Fiscal Deficit like an IOU or Debt or Currency? Of course it's centralized. Of course there is no crypto. Still, access to the stack would be valuable for many usecases

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