Cryto Currency and cashflows

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      Economists and traditional valuation experts claim that for most anything to be *valued* it must have cash flows.These experts then go on to say currencies can't be valued, they can only be *priced.*

 So then the "fundamental value" of stocks and other cash producing assets is based on currencies that have no fundamental value? Logic seems fragile at best, like building a castle with air.

Of course, this debate comes up frequently around #crypto valuations. People addicted to their cash flows have a hard time seeing how a new asset class can have new fundamental value, without seeing the flaws in their own thinking.

     For our entire history, humans have decided how to value things. Valuation methods continue to evolve for stocks and many other assets, why shouldn't new ones be born for #crypto?

 What frustrates me is the lack of dexterity in thought, or willingness to venture, and adherence to cash flows (an idea humans created) as the all-knowing indicator of value. #Cryptoassets are based on open data layers, providing us more transparency into the flow & use of these assets than any before. #Blockchains were built for this.

     With near perfect data around #cryptoassets, it's just a matter of time before the right formulas & approaches are derived that will far exceed the analogies we currently employ be drawing from learnings around physical currencies and commodities.Call me young & dumb, but in the coming decades people will win Nobel Prizes for new valuation methods around the *fundamentals* of #crypto, a reminder that humans are the sole creator of the illusions of value around them.

Thanks jmonegro and many others for helping me think through aspects of this. Sorry cash flow addicts, I think many of you are brilliant but just can't see the buildings you grew up in from the inside out.

thanks for reading.find me on twitter  https://twitter.com/cburniske