Comment by dgellow
18 days ago
But how do you even measure the ROI of tokens? I don’t think it’s possible, tokens aren’t fungible. You can spend millions on tokens that don’t contribute one bit to the company revenue, then spend $10 that will actually result in useful things
Tokens are like bandwidth. The more I see the more I get echos of the dotcom bubble.
Tokens are more like oil. There's a million different uses for them. The problem is finding enough them, in good quality, and getting them cheap enough that you don't spend more than they're worth. But they're definitely valuable and useful.
But really it's all more like the railroad panic of the 19th century. Investing too much, too soon, in something that does have promise, but not if you can't pay for it.
It’s not like oil, because it’s not fungible