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I suspect in the not-so-distant future, every company will have their own token, much like they have their own domain/website today.
by Far_Pig 5y ago
I suspect in the not-so-distant future, every company will have their own token, much like they have their own domain/website today.
- noxer 5y agoThat's exactly what we dont need. 99% would use the token to move value (pay for something) and we really dont need a bazillion different tokens for that. Also most tokens are not stable and thus not very desirably for payment.
- earnesti 5y agoI don't have problem having gazillions of tokens, I just don't use them. There isnt need and in the long run companies will just write them off like many other hyped IT projects.
- noxer 5y agoNo one will, that's the point. Imagine you would have to pay Netflix with Netflix token and on eBay you would have to pay with eBay token. The current financial system is already annoying, we re dont have to make it worse.
- PragmaticPulp 5y agoCompanies already have loyalty points and gift cards and rewards programs long before blockchain. No consumers want to have to deal with tokens and blockchain to interact with a company. Consumers will always do what's easiest and cheapest. Blockchain solutions are inherently more difficult, more expensive, and more risky (for the consumer) than just breaking out your credit card and getting paid 2% cashback to spend your money.
- croshan 5y agoAnd why would a company need to have a decentralized token?
- noxer 5y agoNo one said they should. But they can offer something and get payed with one that's usually the use case of the token. And it does not require a new token.