Behavioral vs. Mechanical: Lenses to Evaluate Cryptocurrencies

Behavioral vs. Mechanical: Lenses to Evaluate Cryptocurrencies

It’s easy to fall into the trap of seeing the crypto space within a mechanical framework. After all, Bitcoin and blockchain is just an amalgam of code, maintained on a decentralized network, and supported through a literal army of machines permeating across the globe. The architecture and design of crypto and blockchain matter a lot. However, it is easy to get lost in the engineering of this nascent technology and lose out on the bigger picture of actual utility and function. It doesn’t matter if this peer to peer cash system is seen as a currency by some or as a store of value by others, one thing is evident: people buy, sell, and use Bitcoin for different reasons.