First, let’s just have a small chat about cryptocurrency. As you may know, crypto asset values have crashed like the Titanic, losing US$2 trillion from its peak. ‘Why is that?’ you may ask. There’s a very simple answer: People have no idea what they are buying. To better understand this, let’s work through an example using a humble plate of chicken rice (Singapore’s beloved national dish). You all know that a plate of chicken rice should costs around $4. But how do you actually know that? That’s because you know the general cost of the ingredients that goes into a plate of chicken rice. However, what if I try to sell a plate of chicken rice to you for $400? You would obviously think that I am crazy as you know what the price should be. So, in order to relate this to crypto — why is one Bitcoin worth...