The Farmer, The Rancher and The Cheesemaker.
Seems to be a lot of discussion these days about crypto and what do you do with it. The SEC seems to look at it as some sort of security and that is because people mistakingly look at it as an investment potential. Well, it is WORTH something... at least whatever somebody is willing to trade you for it. So, does that make it money? No. It makes it something worth whatever someone is willing to give you for it. That's all. May as well be a rock. Now... that something COULD be money, but you either have one or the other.
Giving worth to something is about giving it a function outside of itself. Staking is good for expanding the supply, but it doesn't make it worth anything. In fact, staking will actually decrease its worth because, hello, supply and demand. Increase the supply without increasing the demand and the worth drops, from a cash value standpoint, or even trade standpoint. Why do I want to accept [X] amount of Tokens from you for this product when I already have so many of them?
This brings me to my little story about the Farmer, the Rancher and the Cheesemaker. A little micro-economy to show you what to do with all those FARM Tokens (fictional asset). You see, the Farmer likes cheese and the Cheesemaker, of course, makes it, but... the Farmer doesn't have any FARM Tokens to buy any... so what is a Farmer to do? Well, he grows hay, of course, and trades it to the Rancher for FARM Tokens. Now he has Farm Tokens for his cheese. The Farmer then takes his FARM Tokens to the Cheesemaker and gets his cheese. The Cheesemaker takes the FARM Tokens he got from the Farmer and goes to the Rancher and trades them for milk to make cheese from. The Rancher takes the FARM Tokens he got from Cheesemaker and goes to the Farmer and, you guessed it, trades them to get hay for his cows. And now the Farmer, once again, has the FARM Tokens he bought the cheese with the last time, and he can buy more cheese.
Ideally, this would be the case, and we all know that the reality would likely be a bit different, however, each of these three people got what they needed from the other, not using money, but trading the same tokens around in circles, which could have literally been a rock they passed around. WHAT those three trade around is not as meaningful as the intent implied.
Now, I have to tell you, none of this could have been possible without... the FARMER. It's a known fact the all economies hinge upon a single asset. Raw materials. You may have also noted that the Farmer was the one person that didn't necessarily get what he needed, he got what he wanted, by producing the raw material needed by someone else. Why do you think Arab nations are doing so well economically? They can supply one raw material, in vast quantities, that the entire world needs, and that comes back to them by supplying them whatever they want.
Moral of the story: You want to fill your lap with the things you want in life? Stop being a Taker and start being a Maker. Make something that others need, trade it for Tokens and trade those Tokens for the things you want (and maybe a few things you need ;P)