4 ms·

Thanks. This is probably the most coherent pitch I've seen for tokens (and also helps me understand a little better why certain people are so attracted to them)

Thanks. This is probably the most coherent pitch I've seen for tokens (and also helps me understand a little better why certain people are so attracted to them). I was of the opinion they were a pure ponzi scheme, but this gives me a somewhat better balanced understanding of what actual expectations underpin the speculation.

tptacek 9y ago
The most coherent pitch for tokens?
- vec 9y ago
  ...is a sarcastic, tongue-in-cheek dismissal of the fundamental idea. That's about par for the course for intellectual debate around cryptocurrencies of late. To be clear, I don't have a dog in this fight. Tokens may be the Next Big Thing, I don't know. But it'd be really nice to have a full conversation on the topic that didn't either go off the rails or devolve into a political diatribe as soon as I ask a question about intrinsic value or zero sum games.
  - tptacek 9y ago
    It's sarcastic? Tongue-in-cheek?
    - keithwhor 9y ago
      (Don't worry, I'm confused too.)
sodafountan 9y ago
A really interesting project to check out if you haven't heard of it is the Brave project. It's got a really interesting concept and they actually have a functioning product that can be downloaded and used right now, not to mention the founder of the company is Brenden Eich who not only created javascript but co-founded Mozilla. It's definitely worth checking out, they do a really great job of explaining what a crypto-currency can be: https://basicattentiontoken.org/ https://basicattentiontoken.org/
keithwhor 9y ago
Definitely not a pitch “for” tokens at all. Just my armchair assessment of nascent risk and the psychology of the space.