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2012d
People who got into crypto after Q42013 have no idea how an organic crypto market and price discovery looks like.

#WillyBot #USDT
replied 2012d
This SLP token economy is a good example of a free and open "organic" crypto market. So I disagree respectfully.
replied 2011d
It's uncertain if tokens will produce anything meaningful. Eth failed to do it in years. Calling it an economy is rather generous.
replied 2011d
Well maybe we need to buy some pizza or something with the tokens. Then they will have legitimate economic activity.
replied 2011d
There is no need for tokens when it comes to spending.
replied 2011d
Agreed, I think tokens would make for a clunkier method of spending but I love the idea of using them to flow dividends or representing loyalty points.
replied 2011d
Well the transaction fees are cheaper than using Bitcoin Core, clearly that option is clunkier since the transaction times are slower also, yet people use it to buy things.
replied 2011d
Not sure how that's relevant to the topic. Less and less people use BTC for spending and merchants/businesses have been dropping it for 2 years or started implementing other coins.