The Transaction Costs of Tokenizing Everything

Re:The Transaction Costs of Tokenizing Everything by thisisit on Tuesday October 17, 2017 @01:57AM (#15488971)

The author's point is on trying to create tokens out of things which don't really need one, specially the file storage ones like storj, sia, maidsafe - all of which are explicitly mentioned in the article.

So I am wondering are you reading this as a critique of bitcoin and cryptocurrency or the so-called "storage" tokens?

Without quantifying - "most serious", this is an actual straw man:

> However, most serious BitTorrent users are active on trackers which require a certain seed:leech ratio, thereby metering the user's contribution.

The point is majority of the BitTorrent works like that, it doesn't matter if there is a minority of "serious BitTorrent users" which require certain seed:leech ratio.

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Re:The Transaction Costs of Tokenizing Everything by vasilipupkin on Tuesday October 17, 2017 @10:02AM (#15490946)

tokens are there because they are first and foremost a fundraising and network bootstrapping mechanism. Remove that part of it and nobody would issue any tokens.

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Re:The Transaction Costs of Tokenizing Everything by vasilipupkin on Tuesday October 17, 2017 @04:39PM (#15494723)

I like how this is being downvoted. Which part of this do you disagree with ? that it's a fundraising mechanism?

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