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by cslarson 1633 days ago
Not just currency but pretty much all financial services. I have blockchain based assets and have used an Ethereum based service to borrow against them to help buy a house. Tokens are an almost unimaginably large and general concept and will be applied to many things (real work assets, stocks, loyalty programs, etc.) and provide much more flexibility for how they are used, distributed and exchanged. DAOs are organizational structures that are built, generally, off of token based membership. This is also a huge landscape for social coordination.

A lot of this is just new, though. So explaining like this can only go so far and ultimately it must be experienced, like the original web in the 90s.