09.23.2017 - By Zach Segal
In this episode featuring **Joel Monegro** , you’ll learn:
* How economic value for decentralized blockchain-based networks tends to be distributed to protocols rather than applications
* Why shared data, such as user data, in decentralized systems, leads to value creation at the protocol level
* Why crypto tokens are an essential incentives layer in blockchain networks
* How tokens lead to a feedback loop incentivizing investment, development, entrepreneurship, and healthy speculation