[_coldfire]

If some of these projects go on to produce open source software of worth it won't all be for nothing.

Associating the ERC-20 protocol with the current mania and nonsense of cryptocurrencies doesn't seem fair. It's simply a method of creating a sub-currency, which yes is often unnecessary but marketing is a powerful force so it happens.

Having seen small rural communities try and fail to create their own local currency years ago it's only a matter of time before some try again digitally.