1/ Exactly. I never understood why companies cannot build so-called "tokenized services" directly on top of established tokens such as BTC (yes, BTC was the original token). The whole category of "utility tokens" just doesn't make any sense.https://twitter.com/MaxFangX/status/976031730460012545 …
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9/ More on token-asset linkage:https://twitter.com/hugohanoi/status/976601253634387970 …
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Completely agree with you Hugo. I'd also like to add to your thoughts by sharing my own views on token economics. Here is the entire thread:https://twitter.com/realLudvigArt/status/970771942062960640 …
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man, we agree on so many things! are you me? am I you?


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It's slowly starting to dawn on people I think. They need to grasp the relationship between their centralized app, cryptography and a blockchain. Ofc, most have no intention on delivering anything anyway.
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I agree. Most are just cash grabs.


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inherently useless is closer to the truth
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I thought about writing that instead
too bad you can't edit
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Utility tokens sole utility is to try and bypass the Howey test and evade regulation.
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bingo
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The only token i see whose business model cannot rely on its underlying Blockchain is arguably cryptokitties where non fungibility becomes its key feature ;)
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MONEY
GRAB
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If ERC20 tokens are not useful, then Can ETH be useful?
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Then, through your argumentation, with the ICO the system has created a source of VC and investments money without restrictions and global. Tokenize was the excuse for the startups to get founded. Which is your suggestion?
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Maybe you want to have a look at WTT tokens, those are (crypto mining related) utility tokens pur sang. I own a bunch of them. They give me 50 years rentfree hosting and rent on my surplus. I don't think it's good for the ETH space when ETH was locked 50 years for this concept.
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I recently posted an article that shared this sentiment. Nothing based on ERC20 should be proof of concept or some strange work-around. It should be a totally stand alone working product.
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