Even in real life there are many places where we use a form of
token over cash.
Not exact matches
With a mortgage, though, you have to repay it at 10 % per turn or you can pay it off entirely by spending a Producer
token to visit the bank and handing
over the
cash.
Alternatively, at the time of writing you can buy it for 10,000
tokens — in real world
cash, this equates to
over # 60.00.
Naturally, the more players are prepared to fork
over initially, the more
tokens they'll get for their
cash.
Then a previously forked currency called bitcoin
cash (BCH) skyrocketed
over the weekend to around $ 1,856 per
token, according to Coin Market Cap.
This could work, joined with a solution similar to what Bitfinex did, where liabilities are covered with
tokens issued to creditors, and can be
cashed out anytime based on current liabilities status while said status progressively improves
over time as MtGox makes money and / or coins are recovered (could take years just to maybe see Vinnik get his ticket to the USA, so no need to hold your breath there).
After months of tension
over what, if anything, the Securities and Exchange Commission was planning to do about cryptocurrencies and the billions of dollars people have sunk into initial coin offerings — a form of barely regulated investment vehicle in which investors trade real
cash for
tokens in crypto - backed startups — the agency's chairman Jay Clayton has finally weighed in.
After months of tension
over what, if anything, the Securities and Exchange Commission was planning to do about cryptocurrencies and the billions of dollars people have sunk into initial coin offerings — a form of barely regulated investment vehicle in which investors trade real
cash for
tokens in crypto - backed...
Although Litecoin isn't the only Cryptocurrency added to ABRA, with another 20 plus
tokens being added, it still gets selected
over Bitcoin
Cash.
In my view 2018 will see a 10x increase of
token offerings on Counterparty
Cash over Counterparty tied to bitcoin core.