posted on Mar, 7 2019 @ 07:18 AM
YES IT IS EXTREMELY CONFUSING. lol which brings me to still feel like I need clarification after my research. So there are tokens and their are coins.
Tokens serve as more of the “business or service” and coins are the actual currency to spend on the service or good your purchasing? If I
understand that right, wouldn’t it be more beneficial to invest in the actual coins that will be used to purchase things/services? Now I understand
that, for instance if we’re thinking about ETH as a token, you would have to pay a small amount for using this platform like a tax kind of I see it
as. But surely this couldn’t get to be more valuable than a coin in itself because I wouldn’t see anyone spending more on this “tax” than the
Also, let’s keep ETH as an example, there are many other tokens operating under Erc-20, which claim they will then collect a “tax” as well, as
well as have their own coin AS WELL. Wouldn’t this get a bit ridiculous with all the tokens and coin one has to keep in their wallet?
Also, I can’t imagine having so many different platforms (sorry I don’t remember what to call these head honchos) such as ETH, NEO, EOS I think is
one. Wouldn’t there naturally be just one “platform” that everybody will adopt and use?
I am just trying to learn everything including how this is suppose to work in the real world. I know this is all still very new and all the kinks and
bugs will work itself out over time, but I just can’t seem to get a grasp on how this is all going to eventually play out. (Probably because I’m
so confused about what I wrote in the beginning of this post.) any clarification from you guys would be appreiated.