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RE: The Magnificent Ethereum Machine
hahaha nice one! Tokens sold in ICOs have "temporary" value at the moment, in the sense that they have value just because people believe they have value and invest in them. The real "stable" value will be assigned when the technologies that these tokens support start to be applied in practice. For the ones that fail to do that, the temporary value they have now will be lost at some point.
yeap!
All tokens have temporary value which is based upon belief or even faith - this applies to all modern currencies be it crypto or paper/fiat. The only difference between those you call "temporary" and those you call "stable" is the value of Faith Intensity Index ;-)
lol, that's true. But if you view them as shares for a new technology, then their value is bound to grow as the technology applications grow. It will be more about efficiency than faith. Right now the opposite happens, people invest in ICOs for the sake of investing in ICOs, because they heard you can make money, its a trend. The trend can go down just as it went up if there is nothing to back it up...
It is still about faith, just the faith gets stronger with higher perceived usability of given token and perceived usability depends on practical applications of actual technology, but those practical applications require believers in their practicality. So it is just about faith :-)