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by KarlKemp 1659 days ago
That, like everything else in the space, breaks at the point where anything of non-virtual value needs to be returned to the buyers/investors/etc. That just happens to be impossible unless you allow for trusted people observing and certifying a part of reality. So they basically came up with a set of “crypto assets” to trade using the “crypto currencies”. Of course those are more or less the same concepts with different labels. Still, it feels so much more real to buy a virtual something with your virtual money than just exchanging it for other virtual money.
1 comments

These contracts intentionally only deal with tokens and virtual data/assets. A “web3” Kickstarter alternative built on a common set of OSS and fee-less escrow contracts does not need to manage anything other than tokens - that is the currency being exchanged.

If you are concerned about price fluctuations in the cryptocurrency, you could set this contract to operate only on a stablecoin like DAI.