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by polygamous_bat 1002 days ago
Putting on a white coat doesn't make you a doctor, the years you spend studying and practicing does.

Similarly, printing a billion tokens and trading one for a dollar doesn't give you a billion dollar market cap, even though "all the stocks do it!" Those stocks also back productive systems, have financial statements, forecasts, and a million other things that make them a billion dollar (or larger) market capped company.

1 comments

Hey, it's fine, we'll just make another cryptocurrency that serves to back it, and control the price of that to keep the value stable. What could go wrong?!