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RE: CRYPTO CURRENT...THE REGULATORY STAGE...PART TWO!!! I NEED SMART MIND INPUT....

in #cryptocurrency • 7 years ago

I really don't understand why all those companies want to make their own coin. If it is based on Ethereum, why not get some money with croudfounding and adopt ETH on their model.
That would make ETH stronger and with that their idea.
Make the good coins strong and don't make new shitcoins.
Am I alone with this thinking?

7 years ago in #cryptocurrency by
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     7 years ago  

    Who will give you ETH without receiving anything in return. They just gives their coins to make investors believe it's a good investment. In fact, it's useless and they're shitcoins

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     7 years ago  

    Good question...probably control...its also what confuses me about all this technology...who really needs what coin.

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       7 years ago (edited) 

      at least a couple of reasons I can think of:

      • incentives: with your own coin you can design incentives to stimulate behaviors in your target community
      • bootstrapping: with emissions of your own coin you have a chance to bootstrap initial users without paying a lot for customer acquisition, e.g. I just signed up for Steemit and I got equivalent of $0.70 value on my account to get me interested to play (you can say to condition me to use it and to earn it), something that would be expensive to award in ETH. Second Life used to give a stipend in Linden Dollars to get you started in-world (not sure about now, as have not visited it in a while).
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