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 …
-
Show this thread
-
2/ The argument “well, ERC20 tokens can be used in decentralized smart contracts, so you don’t have to trust anyone” doesn’t fly, since most if not all of these contracts must inevitably interact with centralized solutions anyway. A.k.a. the Oracle problem.
2 replies 2 retweets 45 likesShow this thread -
3/ If your token has a fixed supply, your users will always face higher liquidity & volatility risks than using BTC. Since the demand & market for sound money (which encompasses all types of services) will *always* be larger than the demand & market for any single service.
4 replies 9 retweets 51 likesShow this thread -
Replying to @hugohanoi
@hugohanoi Interesting perspective. It's kind of like frequent flyer points also, why can't they just be rewarded to us in Fiat? Instead we are stuck with that airline and can't trade it for something else. Really like your insights, keeps us thinking1 reply 0 retweets 0 likes
Precisely. Frequent flyer points are often marketed & disguised as benefits to the users, but all they do is making you dependable on the airline & lock value (that should have belonged to you in the 1st place) into a currency only usable within their networks.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
