"Why is your cryptocurrency worth nothing? Or rather, why does it have any value at all, and why is the whole world a pyramid scheme? Where do the rewards for staking come from? It's basically token printing out of thin air and paying dividends with them. Take Axie/Big Time/Sandbox, for example. Why do their tokens have value at any given moment? They are literally created by some clicks on a player's screen. And then they can be sold for real money. It all seems absurd; why does it work? How can such economic models exist? Cryptocurrency is the child of a post-industrial society. An information-based one. It lacks any intrinsic value. Bitcoin is essentially a record-keeping system, parts of which people are willing to buy for $30,000 for some reason. Physically, it looks like one person pays another a significant sum of money that can be converted into tangible assets in exchange for correctly transferring a record from their "wallet" to another. There is nothing here but trust and mathematics. Nothing but information that has somehow acquired value. "Bitcoin is valuable because it's scarce." In reality, there is no scarcity in cryptocurrency. The number of bitcoins is limited by a few lines of code that require minimal relative effort to write. Furthermore, the scarcity ensured by the need for resource application (i.e., mining) is also entirely fictitious. This is because the tasks of iterating through billions of random numbers that miners perform also lack intrinsic value. And as for Ethereum, Optimism, Uniswap? What scarcity are we talking about when the entire token economy was created out of thin air at a certain stage of protocol development? Moreover, all of them have some degree of inflation. Do we need to go even further down to the levels of tokens like Axie, Blur, Memecoins? What gives value to their tokens? The answer is - people. More precisely, it's walking upright humans who were sitting in caves thinking about mammoths and certainly not contemplating financial systems.