RE: Blockchain 2030: Billions Of Tokens And Millions Of Blockchains
Dear @taskmaster4450
Thus, by 2030 we are going to see billions of tokens and millions of blockchains. People will ask how can this have all have value. I will explain it.
My question would be: how can all those millions of blockchains and billions of tokens have any necessary liquidity (without which it's not possible to ensure token price stability).
In a decade, there will be a token for everything. Almost every business will have a token.
But why would we have token for everything? Why would we need that? I don't see a reason why it would be better or necessary for each business to launch their own token. Where demand and liquidity would be coming from? It does sounds amazing when you say that but I just don't see a real need for that.
Yours
Piotr
Doesnt almost every business have a website? Why would this technology be any different? It is an easy way to give incentive to one's customers in addition to being a form of branding. Tokens can be for a lot more than just currency and payments. What about rewards? Contests? Raffles? Games? Many possibilities.
As for liquidity, in what, fiat? Why do you need the liquidity if the tokens can be used directly. Sure there will have to be exchanges for particular things but millions of tokesn creates liquidity. If my wallet is doing near instant swaps, I can be bouncing to all kinds of tokens.
Dear @taskmaster4450
Thank you for your great reply.
I'm not sure if comparing having website to launching your own token is a good comparison.
Perhaps I'm wrong, but I just don't see a potential need (as a business owner) to develop my own blockchain if I can use already developed ones.
You mind if I ask you a question? Did you ever try to launch your own token (on bitshares, waves etc) and then add it to few exchanges? It ain't cheap.
Creating your own blockchain, launching your own token - it only can make sense for some businesses. Not for every business out there.
In any other currency. Why fiat?
Anyway liquidity is required. It's simple as that. Token with no liquidity could simply as well not exist at all.
Yours
Piotr