It all depends on how you interpret the word “value” honestly. Some people will tell you that as long as someone is willing to pay “X” amount of money for something, then it is worth “X” amount.
And while this is definitely correct when it comes to a technical school of thought, I think that real “value” when it comes to emerging technologies like crypto and blockchain lies in how much said technology can benefit us as humans and societies.
Again, this is all completely subjective as I stated in the title, but it’s nice to delve into more than one school of thought.
There will always be people who will support memecoins and hypecoins and this is all based on experience.
These people might be over invested in these projects or were one of the lucky investors that actually made money off of these coins.
But the reality is, these projects offer no real utility nor “value” to human society.
DAOs and DeFi on the other hand are a completely different story.
While the concept is still new and VERY far away from being mainstream, DAOs and DeFi have the potential to reshape society if they do in fact go mainstream.
With decentralized platforms like MakerDAO you can borrow fund any day of the year at any time regardless of your background, ethnicity, age, gender, criminal record or anything else as long as you’re working within the limits of the blockchain
With DAOs like Bitdao you can literally govern the platform you invested your hard earned money in. You have a voice and can give you opinion on what should and shouldn’t be added to the platform in a democratic way.
Personally, I think this has WAY more value than “I’d like to buy this coin for X amount of stables”
DAOs and DeFi are a technology that we’ve never had the luxury to take advantage of so I think it wiser of us to be focusing on developing these technologies instead of sinking funds into a dog coin.