> Here are some companies that did/do this:
coil.com
gatehub.net
forte.io
^ This is a bit silly of a counterexample given that these 3 companies are all able to exist from the significant XRP investments from Ripple.
> You dont need a token. No, really you dont. Your tokens only use case is likely to transfer value
That's rather untrue. Token use cases have proliferated through the advent of DeFi (decentralized finance). This would be a more accurate take during the 2017 ICO bubble but the space has matured a great deal. There are valid use cases now such as governance, fee sharing, derivatives, etc.
> But you get the point, every DLT that actually works in a useful way should have people building on top - if not its probably garbage tech)
This communicates OP's lack of familiarity with the crypto space. A vast majority of the tokens launched today are launched on top of the Ethereum blockchain. They're not trying to create better tokens for the transfer of value, they're trying to create tokens to help manage decentralized financial services. They're not even DLTs, they're smart contract applications.
It's rather easy to mock the crypto space and have an oversimplified perspective like this, most people will nod along. However, it's a bit sad to see people on a forum like this make such charged statements oversimplifying the work of others as "garbage tech."
^ This is a bit silly of a counterexample given that these 3 companies are all able to exist from the significant XRP investments from Ripple.
> You dont need a token. No, really you dont. Your tokens only use case is likely to transfer value
That's rather untrue. Token use cases have proliferated through the advent of DeFi (decentralized finance). This would be a more accurate take during the 2017 ICO bubble but the space has matured a great deal. There are valid use cases now such as governance, fee sharing, derivatives, etc.
> But you get the point, every DLT that actually works in a useful way should have people building on top - if not its probably garbage tech)
This communicates OP's lack of familiarity with the crypto space. A vast majority of the tokens launched today are launched on top of the Ethereum blockchain. They're not trying to create better tokens for the transfer of value, they're trying to create tokens to help manage decentralized financial services. They're not even DLTs, they're smart contract applications.
It's rather easy to mock the crypto space and have an oversimplified perspective like this, most people will nod along. However, it's a bit sad to see people on a forum like this make such charged statements oversimplifying the work of others as "garbage tech."