The one problem with all cryptocurrencies

Tying your token, to your technology is a bad choice.

Cryptocurrencies have promised a lot, and delivered a certain amount of utility. But the clear problem with cryptocurrency as a concept is that your technology stack is intrinsically tied to your token and its value.

Technology changes frequently. Throughout history, accounting technology has changed from one medium to the next. Commonly, these accounts would simply get updated, to use the latest technology. Coins could be upgraded to paper…