From an MMT (chartalist) perspective, cryptocurrencies lack sovereign backing and fail to establish the enforced demand necessary to function as true currency. Because they rely solely on speculative sentiment rather than legal mandates (like taxation), their values are unsustainable in the long run and risk ultimately collapsing to zero.

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I argue that virtual goods such as in-game skins make more sense in a centralized walled-garden approach, and NFTs tracked and traded on blockchains are legally problematic.

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I argue that a cryptocurrency like Bitcoin has a weird property: the more you buy of it, the less valuable it becomes.

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I argue that anonymity, irreversibility and decentralization, while interesting technical features that implemented in a fascinating way using cryptographic primites, are not practical for real-world use.

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Are cryptocurrencies really better than fiat currencies? I argue that the answer is negative.

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The crypto space is a fascinating intersection of technology, economics and human psychology. However, I remain skeptical of the value of crypto tokens and NFTs. Here I explain my thought process using FTX Tokens as an example.

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