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So, from the token buyer's perspective, how is it different from a company that pre-sold a bunch of regular old API keys without any connection to any cryptocur
by skewart 9y ago
So, from the token buyer's perspective, how is it different from a company that pre-sold a bunch of regular old API keys without any connection to any cryptocurrency or blockchain?
I get the trustlessness of 'smart contracts', but with tokens-as-API-keys I still have to trust that your company's products will work and that those API keys will continue to work.
Or, is the idea that the code my API key gives me access to is also defined and executed on the blockchain? That would reduce the trust I would need to have in the company pre-selling the API keys. At the same time, buying access to immutable code where functionality can't be enhanced and bugs can't be fixed is kind of lame too.
- ThrustVectoring 9y agoThere's a much healthier secondary market for these API keys, since there's an algorithm for using your API key to grant someone else the use of your API key. On second thought, I don't think that helps all that much, since that could just be an API endpoint on the company's server instead. Maybe the actual benefit is just interoperability with other crypto-currencies?