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I somewhat fail to see how they could ever serve as a real payment utility. If they have some actual application utility, then you'd have to dynamically adjust
by bpicolo 9y ago
I somewhat fail to see how they could ever serve as a real payment utility. If they have some actual application utility, then you'd have to dynamically adjust costs based on the speculative cost of acquisition so your application costs aren't wild, and then it's still nothing but a speculation-driven currency. Isn't that just nuts? It's a built-in catch-22
- sova 9y agoNa you're looking at it as if you're moving currency from some valued mint to a non-valued mint and that's not the case, we're transforming capital from one ecosystem to another, just like Britain Pounds Sterling to the USD, when you move into the new token ecosystem you now are presented with new ways to use your token. MOST of these systems will not create _value innovation_ but some select systems will and those tokens will actually gain in value faster than the backbone currency [meaning the ivy of your token could grow faster than the tree of ETH/BTC because your innovation has value in addition to being a useful transaction vehicle].