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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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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So when users have BTs, they are guaranteed a fixed BT-to-OST conversion rate. Apologies for not reading your article before making above statement. BTs are hard-pegged to OST, got it.
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But with all due respect, I still don’t see the point. Nothing changes here. All you’re doing is allowing companies to outsource the risks normally associated with utility tokens (if the companies were to launch their own) to somebody else - the OST token.
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You should try and see it from a business owner point of view. If you can't then that is your problem. A bit immature to pounce on Point systems when its found all over (Quora, Medium, Stack overlow, etc.)
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Why do u waste ur time arguing with a paid shill? He's obviously trying to promote his business.
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I feel like your ego has blinded you from all common sense. Speaking of useless coins u see you are a developer for litecoin please explain noob.
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