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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There are clear benefits for consumers as well..
#OST$OSTpic.twitter.com/rALs6DutFz
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1, 2 & 4 are essentially rehashing the same argument & no, that doesn't explain how adding friction in the form of multiple tokens help the users. Having multiple types of currencies/credit cards/airline point systems is an inefficiency, not something to be proud about.
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3 is simply not true. The tokens lose all value if the airlines drop support for them or go under. Ownership of token != ownership of asset (in this case, real flight mileage).
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If you could use your failed airline/ droped tokens into another airline program, service or just convert it to fiat/crypto then problem solved?
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you're assuming you can exchange the failed tokens for a good price? who would be the buyers of these failed tokens when you want to sell?
the moment they fail, their price on the market would immediately drop to zero. -
But that is the point.. if a business that has tokens made with OST fails, the tokens can always be swapped for OST (with use of the OST Wallet, no hassle with exchanges for consumers) to get their value back. This can then be spent at any OST based economy elsehwere.
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What? this doesn't make any sense. So OST the platform functions like a bank that guarantees the value behind the tokens? Are all BT-to-OST exchange rates fixed? (BT = 'branded token' using your terminology)
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I fully recommend reading this:https://medium.com/@glen_hendriks/ost-explained-684938740e98 …
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It looks like you need to learn more software development. Your argument that everything can build on top of one of the most inefficient databases makes no sense.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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And to circle back to 'not solving a problem' Maybe not for you personally, but for many businesses and consumers it does.
#OSTThanks. Twitter will use this to make your timeline better. UndoUndo
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