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RE: What is the inner value of tokens?

in Project HOPE2 months ago

Thanks for sharing your "bankers wisdom" with us... :) These two things are indeed one of the most important, especially in the crypto world...

Bitcoin is specific as it is the "oldest" coin, and besides all his specifications, I think that the value is also that he has no "owner"... It sounds weird, but I do think that it is his advantage...

Regarding ETH, it's totally different from BTC, as its main strength are smart contracts (not just fancy tokens... :P ), and it wasn't planned to has "value" and be used as money... more like a super-computer...

Back to distribution and use case... I would agree that they are important, but our HiveEngine tokens are a bit specific... I have to admit that I don't like how they are centralized, and how the creator of coins can easily "change the rules of the game"... Also, creators can mint additional coins when they want, which is also a big red flag... Unfortunately, a lot of owners do that and harm their own tokens, maybe not knowing that... Or, knowing... :)



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 2 months ago 

our HiveEngine tokens are a bit specific... I have to admit that I don't like how they are centralized, and how the creator of coins can easily "change the rules of the game"... Also, creators can mint additional coins when they want, which is also a big red flag...

This is a very important point. It's totally true that most tokens have like an unlimited supply and owners can issue new tokens whenever they want. The token prices can also easily be manipulated. Most tokens don't have a sound concept behind them and over time the actions of the owners tank the token...

With Hive-Engine tokens the notion of trust in the owner is very important. Thanks a lot for your great comment!

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