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I dont think this is a downside at all. If you build on a existing blockchain you ofc need funding rather than "printing" you own funding. It may be harder but
by noxer 5y ago
I dont think this is a downside at all.
If you build on a existing blockchain you ofc need funding rather than "printing" you own funding. It may be harder but also less of a legal risk.
BTW Coil.com pays content creators based on user interaction. Its however not self printed money its form actual user who want to support content creator rather than ad-companies.
Ofc coil itself runs on funding money like any other startup nothing wrong with that.
Also a project can ask the team behind the DLT they want to use and possibly get some of their reserves. Its in their interest that the DLT is used for something. Actual devs who build something are worth way more than the thousands of people who just buy something because Elon Musk tweets about it.
And btw at the same time a dev can still bet on price gains or the token they use. I see no moral problem with that. If your product actually creates demand that moves the price up and you bet on that you own it.
- reedjosh 5y agoThe nice thing about "printing" vs funding for things like this is that you don't need users to sign up or transfer funds to be able to tip content providers. That said I do prefer the Coil.com model as I love crowd funded ad free media content, and I _do_ pay for it. : )