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by unclebucknasty 3018 days ago
Most of these (e.g. rewards, distributing to locals/employees, sell to raise funds, etc.) rest on the idea that the token has value, which begs the question.

Many also have existing solutions that are well-understood (e.g. loyalty programs tied to phone numbers).

And, what happens when every business has its own tokens? Who wants to track/manage all of that? Seems like a recipe for token fatigue.

>Look for ways to align business interests and customer interests.

In general, seems like token advocates look for ways to wedge a token into an interaction. Not saying there are no use cases, but there's a lot of "solution looking for a problem" happening.
1 comments
hyprCoin 3018 days ago
The token will have value based on there being value in the company or asset being tokenized. You can't start a coffee shop but can own some of the coffee shop down the street.

What are we here for if not to share in the risk and success of the endeavours we support?

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unclebucknasty 3018 days ago
>The token will have value based on there being value in the company or asset being tokenized.

The token doesn't de facto inherit the value of the business. That would only be true to the extent that the token represents a claim on assets or profits or other tangible benefit; in other words when the token acts like a security, in which case we have already solved that. There is also a co-op model that exists and conveys some of this benefit.

I don't know what a token adds to these scenarios, and in fact are not even legal in the US to act as securities unless the buyers are accredited (most people are not). Sure, until recently, the token has made it easier to skirt non-accredited investor status and other regulatory matters, but it doesn't make it legal or a better solution and, in any case, the SEC is moving in on that.

I appreciate the spirit of what you're saying, and want it to be true. It's just not currently the case.

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hyprCoin 3006 days ago
Yes there are barriers and plenty of reasons why it wouldn't work. I agree it's not currently the case, thanks for thinking about the possibilities, not many do.

The tokens must be valuable but that will be shaped by the market forces. I'd love to buy some of the potential profit in my local coffee shop but I won't buy if it's backed by nothing.

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