Today, I want to share a reference to one of the most profound and important pieces of research on the fair value of cryptocurrencies. A few years ago, when I first read this work, it significantly changed my perspective on economics, blockchain, and the concept of value. It stands out as one of the most elegant pieces I've ever read in my lifetime. If you are eager to understand how cryptocurrency creates value, this is a must-read: What is the fair value of a currency