[swalsh]

"But it could just as easily be integrated with a non-blockchain central authority."

Sure, you could. But then you'e in a feudal arrangement instead of a free economy.

"And you are still trusting their code to integrate it, so you haven't solved any trust issue"

The tokens are trustless, the transaction of those tokens are trustless. How the are tokens used has nothing to do with my ability to freely trade the tokens.

"Blockchain solves nothing here. All of this could be accomplished just as well or better without it."

Well, perhaps you're just not trying to have a good faith discussion. Because I pointed out what it solves, and you keep ignoring it. The blockchain creates the ability to have a free market with many participants without having to be under the control of a central authority. Free markets are unquestionably better, and so I'd say "accomplished just as well or better" is just flat out wrong. A centralized service is not better unless you disagree that a free market economy is superior to feudalism.

[tsimionescu]

> The tokens are trustless, the transaction of those tokens are trustless. How the are tokens used has nothing to do with my ability to freely trade the tokens.

The point of the transaction is to use the item, not to own the token. If the item can't be used, then you paid money for nothing (since obviously no one else is going to buy it off you either).