<story><title>Crypto Tokens: A Breakthrough in Open Network Design</title><url>https://medium.com/@cdixon/crypto-tokens-a-breakthrough-in-open-network-design-e600975be2ef</url></story><parent_chain></parent_chain><comment><author>gz5</author><text>Large networks &amp;quot;create&amp;quot; value and cryto tokens are an excellent way to overcome some of the key barriers of network building, and potentially to allocate value to members (users, developers, infrastructure providers) in a better way than traditional centralized networks.  Very exciting from all those perspectives; not to mention the innovation that will be unshackled by lowering the cost of entry.&lt;p&gt;That said, I am trying to understand if there is enough value to go around when the network is smaller than (n) nodes?  What if the application is not one that will benefit greatly from network effect, doesn&amp;#x27;t have need for the security&amp;#x2F;auth model and doesn&amp;#x27;t need massive compute&amp;#x2F;resources?  What if it will never grow beyond a certain number of nodes (for whatever reason)?  Note: those are NOT my opinions expressed in question form...they are pure questions that I want to brainstorm and hope that the responses are along the lines of &amp;quot;here&amp;#x27;s how those types of apps can benefit&amp;quot;.&lt;p&gt;Also, at mass adoption levels (while understanding we are nowhere near that, but for the sake of the thought experiment), do we end up with millions of micro-networks, rather than the relatively small number of networks we have today?  If so, does the crypto token model still hold up?  My gut is it would for the infrastructure providers because they can support (n) networks.  I am not sure about the rest of the ecosystem or what constructs need to be built&amp;#x2F;added if that model is to thrive?</text></comment>
<story><title>Crypto Tokens: A Breakthrough in Open Network Design</title><url>https://medium.com/@cdixon/crypto-tokens-a-breakthrough-in-open-network-design-e600975be2ef</url></story><parent_chain></parent_chain><comment><author>fragsworth</author><text>The only thing that makes blockchains better than privately owned databases is that you don&amp;#x27;t have to trust a private party. They are otherwise hugely inefficient. For the life of me, the only &amp;quot;application&amp;quot; I can think of that they are clearly better at is if you use them to replace the investment and trading of precious metals.&lt;p&gt;That&amp;#x27;s a huge thing, but in the long run, I think that will be the only thing.</text></comment>