5/ The developer buys Bitcoin to incentivize themselves to build a protocol that transacts with Bitcoin as it increases BTC demand. The developer can also be an early service provider an earn a lot of BTC just like Satoshi earned BTC by providing early mining services.
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Vaporware isn't me name calling, vaporware is software that's perpetually never ready for release, which is what all these ICOs currently are.
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With ERC20 tokens, you can become a millionaire if you market and structure your vaporware backed token correctly. With BTC earning dapps/lapps, you can only become a millionaire if your dapp/lapp works. The latter is how you properly incentivize open source dapp developers.
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Or how much money do you leave on your metro pass?
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Damn HODLers already took all the sound money...got to go make my own.
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