I came across a white paper regarding Gresham's Law that discusses the importance of true utility vs memes and other coins and tokens that have no real purpose. I summarized the doc using Notebook by Google, which is a great tool and is still free. Discuss in comments... Here is an outline summarizing the key points of the provided document: I. Introduction - The article discusses Gresham's Law and its application to blockchain networks. - It highlights a shift from traditional networks to blockchain networks, which will significantly alter commerce. - II. Gresham's Law Explained - Gresham's Law states that "bad money drives out good money". - Good money has a commodity value close to its face value, while bad money has a divergence between these values. - In an economy with both, good money is removed from circulation due to its higher intrinsic value, leading to the dominance of bad money. - Example: Pre-1964 silver quarters in the US are hoarded due to their silver content, while post-1964 quarters remain in circulation. - - III. Application to Blockchain Technologies - A modified version of Gresham's Law can be applied to cryptocurrencies, where utility or usefulness replaces commodity value. - Cryptocurrencies with greater utility will become more valuable than those with limited functionality. - Example: ETH, which powers smart contracts, is more useful than DOGE, which primarily serves as a cryptocurrency and a meme. - Specialization is important in the blockchain space, where different blockchains will excel in different verticals. - The most successful projects will have the best technology, partnerships, and network effects. IV. Blockchain and Competitive Advantage - Blockchain technology is essential for economic agents to remain competitive, due to its ability to scale and reduce transaction costs. - Smart contracts and automation offer companies economies of scale and immunity to human error. - Businesses that quickly leverage blockchain technology will gain a decisive competitive advantage. - Metcalfe's Law states that the value of a network is proportional to the square of the number of its nodes, meaning greater network participation leads to greater value. - In blockchain, the value is tied to the specific activities conducted on the network and is captured by the network's tokens.

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BTC dom/price as relates to alt coins

I would simply like to mention that there seem to be certain project selections that have big money investment and backing. At present, among those seem to be BTC, ETH, SOL, LINK, ADA, and SUI. They are probably among the "safer" bets for smaller, yet reasonable investment gains. Bitcoin dominance is still near recent highs. Alt coins are sporadic.