Is there an opportunity cost to building crypto?

Crypto companies and projects are draining resources and capital that could be better invested in productive assets. Since these assets are non-economic they do not produce any net wealth or value for society as a whole, much like buying and holding physical commodities but without the commodities having any use case or purpose.

The crypto project on a whole is therefore a drain on both capital markets and the technology industry since it is consuming time, resources, and talent that could be put towards more productive enterprises.


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  3. Coeckelbergh, Mark. 2015. Money Machines: Electronic Financial Technologies, Distancing and Responsibility in Global Finance. Routledge.