Detokenizing cryptos

Detokenizing cryptos

With the recent Initial Coin Offering (ICO) craze, one cannot stop thinking if all those tokens are really required for the applications or if it’s just a way to raise capital (crowdfund). While I appreaciate new ways of funding Internet protocols and decentralized applications, there are drawback of doing it this way, one of the main drawbacks is increased transaction costs, especially if the tokens don’t come with their own network. Also, if the software is open-source, what blocks people from taking the code and just removing the token and either getting rid of it completely or just replacing it with the network’s native currency (like Ethereum or Bitcoin, depending on the underlying network). Read more ›

 

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