There is big misconception among the people about Crypto Currencies.
Not all cryptocurrencies are "currencies". Yes, some are currencies, including Bitcoin, Zcash, Dash, and others. But most are not.
Let's take this example there's a series of new technologies that effectively enables companies to tokenize what were previously called “frequent flier miles” or other types of customer engagement tools or rewards. Customers can buy or earn these rewards and then use them to get goods or services from the companies distributing them. Now we don’t call companies that issue frequent flier miles “frequent flier miles companies”. We call them airlines, and recognize that they have frequent flier miles as a feature. That’s what most cyrptocurrency/utility tokens are.
That’s what most cyrptocurrency/utility tokens are. Every day, more and more companies are tokenizing parts of their customer interaction. But that doesn’t mean their currencies. And it certainly doesn’t mean that the value of other companies that are tokenized should go down. They are simply issuing tokens for their services which you can redeem later and these token are fixed for their service.
Most people don’t understand Crypto yet, including me too. It’s dense and confusing and takes real work to understand. But problem starts when these people go to governments or to decision makers pain the whole picture in red.
via medium
