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To be fair a lot of those are specialty tokens for specific services/uses. Overall, the crypto situation can be thought of as more similar to, say, "gift cards"
by jabbany 4y ago
To be fair a lot of those are specialty tokens for specific services/uses. Overall, the crypto situation can be thought of as more similar to, say, "gift cards" issued by companies.
You could say the same thing about a $5 Starbucks gift card --- you'd be hard pressed to spend it directly against any other merchant, but you could feasibly try to sell it for < $5 real dollars and if Starbucks went under, it would be worthless.
- closewith 4y ago> To be fair a lot of those are specialty tokens for specific services/uses. Is that true, or were they created as speculative instruments and are doomed to failure in the long run?
- junofan 4y agoSome of them give you discounts and perks and stuff. There’s real value. Many of the legit ones are created more as a way to bootstrap network effects by giving out free stuff to early adopters.