Speaking with Kitco News anchor David Lin at the event, former Google engineer and current contributor at Serum JHL, discussed the utility of Bitcoin, on top of the best crypto assets for investing among other things. Discussing what can supplant Bitcoin as a store of value, JHL said that there are many other tokens or projects that have more utility than the flagship digital asset. Which led to the argument whether Bitcoin has no intrinsic value at all because it doesn’t do anything; with some arguing, it has no utility, so should it be priced at zero. JHL replied :
Future blockchain will bridge to Bitcoin
The contributor noted as far as transaction speeds and costs go, Bitcoin “will always be one of the fastest to transact and one of the cheapest” since whichever blockchain or group of blockchains wins the race, as those blockchains will likely have some way of bridging Bitcoin to them. He added: JHL was asked as an engineer, what characteristics make a project stand out and indicate that it has growth potential for investors. The former Google engineer highlighted there are fees associated with Uniswap; however, those fees are exclusively sent to the Liquidity Provider, and as a result, the Uni token does not earn fees for its holders; instead, the Uni token is used as a governance token. The Sushi token he pointed out, on the other hand, generates fees, which are distributed to Sushi token holders using the X Sushi staking model. Watch the full interview: Should the Bitcoin price be $0?
