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You're name-dropping utility tokens as if we know what those are but we don't. Somebody needs to explain exactly how these utility tokens would work before we'l
by wmf 3y ago
You're name-dropping utility tokens as if we know what those are but we don't. Somebody needs to explain exactly how these utility tokens would work before we'll take them seriously.
- EGreg 3y agoA utility token is a decentralized token you pay to a provider in order to do a service for you. Maybe it's hosting. Maybe it's manual work. Maybe it's AI credits. Maybe -- like in the case of RHEL - it's licensing fees. Think about it like the API credits and quotas that you are given by an API provider, except more decentralized. You can use trustlines to make it a lot more scalable, meaning the provider only closes out the trustline and posts it to the blockchain to collect the tokens, once in a while, not on every micropayment. Here is an example: https://qbix.com/ecosystem https://qbix.com/ecosystem