Seems like a misread to me.
Tokens don't have inherent value. You can't hoard them and stuff them under a pillow. They're valuable when applied to a problem.
It's like asking a shovel making company why they need gold miners.
Tokens don't have inherent value. You can't hoard them and stuff them under a pillow. They're valuable when applied to a problem.
It's like asking a shovel making company why they need gold miners.
You don't see every step being abandoned because everyone converged on the most profitable link in the real world.
>wouldn‘t shovel companies ask for a percentage of the gold (say 30%)
They could go that route. Nvidia is doing that right now
https://www.cnbc.com/2026/07/02/nvidia-plans-to-offer-start-...
But saying just because openai didn't adopt a particular business model therefore tokens must be worthless seems like a stretch. Maybe it was regulatory. Maybe they just don't want to be a conglomerate of that sort. Could be any number of reasons.
No one claims their showels find gold for you.