In the long run, all tokens will value zero, even bitcoin or those that have a good use case because of contestants. That is because tokens can be created out of nothing like free luch. Only stablecoins will be able to maintain their value.
In the long run, all tokens will value zero, even bitcoin or those that have a good use case because of contestants. That is because tokens can be created out of nothing like free luch. Only stablecoins will be able to maintain their value.
I don’t agree with you. If all coins will value zero, what are you doing here?
They don't value zero yet.
how are stable coins different? sorry to ask 'coz I'm quite new to cryptocurrency...
Stablecoins are linked to value of corrupt fiat currencies. These are the ones which will go to zero, imo.
alas, something to think about. So if I get it right, stable coins are pegged against fiat currencies? So they get affected when there's inflation of fiat?
Correct. USDT us one example. HBD is more like a semi-stable coin however (I think there's another term for it).
Stablecoins are pegged to some scarce asset of the real world. And these assets cannot be created out of thin air.
I tend to disagree with you @discernente but it's an interesting perspective.
Cheers! 😃
It has been a long long time since I have read nonsense like this
If it has a use case, it has utility. If it has utility, it has value. That's why TORUM focuses on maximizing our token utility in our business model.
But contestants can create tons of other tokens with the same use case.
All currencies, also fiat money is created out of nothing, the gold standard vanished a long time ago ;)
But they have no contestants for their use case, and central banks try to stop inflation.