Re:Colony: A platform for open organizations
by Kiro on Thursday October 05, 2017 @02:30AM
(#15407014)
What's the difference between a protocol token and the scam tokens you usually get from ICOs?
Re:Colony: A platform for open organizations
by mbrock on Thursday October 05, 2017 @02:58AM
(#15407126)
One's a scam and the other isn't? I mean, it's just a question of whether the thing is legitimate, real, and non-fraudulent.
Re:Colony: A platform for open organizations
by Kiro on Thursday October 05, 2017 @06:52AM
(#15408129)
That's what I'm asking though. Are "protocol tokens" the same as regular tokens, technically speaking?
Re:Colony: A platform for open organizations
by QAPereo on Friday October 06, 2017 @09:33PM
(#15421729)
In the same way that mmorpg currency is.
Re:Colony: A platform for open organizations
by vertex-four on Thursday October 05, 2017 @05:17AM
(#15407711)
A protocol token can actually be used to do something.
Re:Colony: A platform for open organizations
by Kiro on Thursday October 05, 2017 @06:52AM
(#15408134)
What is it then? How does it differ from regular tokens, from a technical point of view?
Re:Colony: A platform for open organizations
by vertex-four on Thursday October 05, 2017 @06:02PM
(#15412902)
There is some program in existence which uses the tokens to fund or incentivise actually performing some useful action.
A protocol token is part of the Colony roadmap, but they won't do a token sale until the product is ready, to minimize the risk that their token will be considered an unlicensed security by the SEC.
Protocol tokens or "app tokens" in general are really exciting, and a lot of the smart VC people are talking about them. The latest episode of the A16Z podcast is all about protocol tokens, for example.