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How to keep track of token news?

Posted by average_person on Monday April 09, 2018 @01:20PM
from the self-post dept.

We know that the crypto market is volatile and there are so many changes happening every day. There is a lot of news to follow. Soros going into crypto. Founders being arrested (the founders of Centra token have been arrested recently in SF). FINMA publishing guidelines on ICOs. Those events have some influence on the market. And these news come to us from all sorts of places - Facebook feed,...

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Is 'Facebook for tokens' a good idea?

Posted by average_person on Wednesday March 21, 2018 @12:29PM
from the self-post dept.

And it’s not because Facebook banned ICO adds, I promise.I’ve been hearing that having a place with updates on the tokens you hodl or consider hodling could be useful.Why would ‘Facebook for tokens’ be useful?1) You can stay up to date with projects you are a token holder - having it in one place, not needing to check each and everyone’s Reddit, Medium, telegram and what not2) You can follow...

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger on Saturday January 20, 2018 @05:41AM (#16192894)
Point taken. However, another important aspect is that currencies around the wolrd fulfill the same functions whereas when it comes to crypto - each token will represent anything that the creator intended it to be PLUS what the community uses it for (e.g. store of value). And each token will have a different 'design', different functions - from being tokens to enter the platform (e.g. Ethereuem itself) to tokens representing fractual ownership in assets (e.g. Maecenas art tokens or our RAT tokens representing a rat mascot, more about it here: https://medium.com/@katdum/what-did-i-learn-from-tokenizing-...). So there will be coins that will be fulfilling the descirption of a currency (apart from the government requirement) but there will be only a few ones compared to the vast amount of tokens with different functions.
Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger on Wednesday January 17, 2018 @12:33PM (#16169869)
I woould like people to start using the word 'currencies' because they are not.

Following Investopedia 'Currency is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade.'

crypto is not generally accepted form of money; not issued by a government; circulated within economy - somehow yes.

So they don't fulfill all the requirements.

Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger on Wednesday January 17, 2018 @12:28PM (#16169805)
I don't convert my USD to Yen and call it an "investment." As stated below, some people do treat it as an investment to some extent. The other thing is, in my opinion more interesting, how you define crypto. They aren't really currencies even though people call them this way. They are a different kind of asset. Sometimes compared to gold, sometimes to stocks but it might be that they are just a new type and we just don't know how to value them. And by supporting them people support the technology behind.