It is important to distinguish between cryptocurrency, blockchain, and cryptoassets. The latter means tokenisation and the ability to split the functions of exchange and utility. Why Blockchain Isn’t a Revolution , which means that the blockchain itself is not a revolution, but cryptoeconomics application might still be.
a very hyped and potentially explosive application!!! The Security Token Thesis
significant improvements might be expected
Illiquidity matters. Investors are generally willing to pay higher prices for more
liquid assets than for otherwise similar illiquid assets. While this proposition is widely
accepted, there is substantial debate about how to measure illiquidity and to incorporate it
into value. In this paper, we began by relating illiquidity to transactions costs;