If you are reading this I suppose you are also fascinated and awestruck by the extraordinary returns(2x,4x, and even 20x!!) cryptocurrencies have provided in the past year. Many people are just getting into it because of FOMO, without realizing the underlying meaning of this beautiful innovation. Why is a digital combination of randomly generated hexadecimal numbers worth $50k? In this article, I will try to explain the basic economics of cryptocurrencies, how they derive their value and what...