Crypto Tokens

Amazon stock (or most growth stocks) is no different from "useless governance token". Amazon doesn't give dividend. Being a share "owner" is in name only, w/ no benefit except hoping other people'll bet on it too so price go up. All risk asset market valuation is mostly a meme

In a recent thread on crypto, I argued that crypto and tokens enabled the formation of businesses that heretofore could not be created. Some responded that cash could be used in place of tokens, and therefore the ‘innovation’ of crypto was not meaningful. I beg to differ.