I've got to say that the people like Peter Schiff that argues gold has intrinsic value just because it can be used for something else, like jewelry and in electronic products, kind of miss the point of crypto. The other argument people use as a negative is that it's a shame that people can just spin up new cryptos out of thin air.

The intrinsic value of crypto is all about the technology allowing peer to peer transfer without a middle man and of course smart contract functionality. Crypto is also a building block that can be used in creating software, kind of like gold can be used in electronics. I think we will see more and more software with crypto tech, as it enables exciting functionality. As for digital worlds, i.e the metaverse, I believe crypto is a requirement for an open and secure metaverse.

Also, that progammers can spin up new cryptos in minutes (creating something original is of course more time consuming) helps liberate the technology making it more unstoppable. Let's say some government entity or hacker group or someone else figures out a way and decides to stop some cryptos to some extent, or make them very inconvenient, new ones will pop up quickly.

From an investing point of view; People are spinning up new companies for people to invest in on stock markets all over the world, all the time as well.

Exactly what coins will go up in price making people the most money is not of importance compared with the intrinsic value of crypto in software and its unstoppability. Of course, those features are also why some coins will go up in price over time as they gain adoption.

Any thoughts on this point of view?

The internet, crypto, and zero knowledge proof technology enables direct democracy in a new way never before tried. There can be hundreds of things to vote on at any given time. Now, most western countries at least, are electing a leader and leading political party for 4 years. In this period, they are free to do almost as they wish. They don't even have to follow through on promises that they gave to win the election.

Voting on issues instead of people

If voters insted could vote on issues, the country would be much more democratic. This shift should also make voting much less time consuming by utilizing new crypto-technology, and the internet. There would be many websites sharing all current, future and previous voting events. A voter can securely log in and vote online, resting assured his vote is being counted, thanks to a zero knowledge proof script, that anyone who knows a bit of programming can verify.

Some less important voting events would get less participation and press, while more important ones, like for instance, if the military should be involved in a war, would get almost everyone engaged.

Putting more thought into votes

This new form of direct democracy should also encourage people only to vote on things that they care about and have knowledge about. We wouldn't want to encourage people to vote on everything. That would be too time consuming or in the worst case, cause people to just vote almost randomly without giving any thoughts on each vote given.

One less problem

As is the case now, we would still have to cope with entities with a lot of power, influence, and money to use the media outlets to sway voters to vote for their benefit. But, we would have one less problem by not having to elect someone who might do just the opposite of what she promised in the election.

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