[AnIdiotOnTheNet]

Sure, but equally there are plenty of smarter-than-me people who think it's all a giant scam, so I'm inclined to trust my instincts. After all, just because they're smarter than me doesn't mean they aren't trying to scam me or haven't got caught up in some bullshit fantasy.

Besides, if the technology is actually valuable in some way I cannot yet perceive but that will become obvious over time, then I can just wait until it becomes ubiquitous and reap the benefits without risking anything.

[pcthrowaway]

Absolutely, and the tokens don't need to have multi-trillion dollar market caps for this to happen either.

The tokenization of everything is a mixed bag. On one hand it leads to perverse incentives that result in an incredibly low signal-to-noise ration. On the other hand it enables types of consensus that don't exist when there's not a penalty for misbehaviour (specifically for proof-of-stake and staking, the token makes it possible to reward network participants, while making the cost of attacking the network higher than the market cap of the network).