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There are reasons to write off the entire concept, though. Tokens are a stupid idea - universality is the whole point of currency. And it's pretty obvious tha
by s17n 9y ago
There are reasons to write off the entire concept, though. Tokens are a stupid idea - universality is the whole point of currency. And it's pretty obvious that everybody who is promoting an ICO is doing it cause it's easy money (compared to more traditional means of raising capital), even if they are actually planning to build the product that they say they are.
As a general rule of thumb, any Ethereum contract that doesn't use an oracle is probably stupid.
- random_rr 9y agoYeah, universality is the whole point of currency. That's definitely why every holiday season, millions of people buy gift cards to people's favorite stores. Please.
- dguaraglia 9y agoThis... this has nothing to do with universality :/
- s17n 9y ago1. Gift cards are dumb 2. If "the gift cards of the future" was the pitch for tokens, nobody would pay them any attention.
- s17n 9y agoAlso, gift cards are almost always denominated in terms of an actual currency.