Watch and Learn About: Extrinsic & Intrinsic Value (
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In this video we talk about how token economics enables us to better capture and define the concept of intrinsic value. Our traditional financial system and the basis of neoliberal free market economics is the construct of value as utility. Utility is the value that something gives to some person. In contrast to utility is intrinsic value. Intrinsic value is the value that something contributes to the maintenance and functionality of a whole system. With intrinsic value, we have a unit that values the functionality of the whole network.