[carleverett]

The most important challenge cryptocurrencies face is capturing real world value. The ICO craze turned out to create basically 0 value on any crypto platform, and the more recent wave of tokenized securities will be very slow because there are lots and lots of regulations that need to be addressed by token issuers (for good reason).

The value of our public goods however is not being captured by any financial asset, and is a huge market that can be addressed by cryptocurrencies. This is something I'm quite passionate about and have put a lot of time into thinking through how they might work (see link below). As an example, AirCarbon (https://www.aircarbon.co) is a Singapore exchange being built on an Ethereum token and will tokenize CORSIA-certified carbon credits for the airline industry. This is a fantastic example of a huge market ($100+ billion) that is right now extremely inefficient, and will benefit greatly from moving onto a globally accessible and permissionless ledger. It'll provide everyone in the world the ability to invest in the reduction of carbon dioxide emissions, and even better, since the tokens also work as stores of value, investors can sell their tokens in the future.

This type of financial asset has enormous potential.

"Tokenized Goods - A New Store of Value": https://medium.com/@tpgwhitepaper/tokenized-public-goods-a-n...