Welshminer, the issue here is that YOU are comparing normal stocks to an Ethereum token, and my arguments are based on the fact that they are totally different. How's that for apples and dollars?
...
What you're saying works in a world where you can prove you own a share of a company, have voting rights etc. What I'm saying, or rather asking, is for proof of this same value when discussing ICN.
It's not much different - the economic principles are the same. The Value concept is the same. The key difference is how shares are registered - Companies House, Secretary of State etc. vs blockchain. ICN is registered on Ethereum chain. It guarantees that 3 something shares of Iconomi are owned by you. It's up to you whether you trust blockchain or not. Similarly it is up to you to trust Companies Register, US government, Google, Apple, Iconomi or whoever.
So yeah, I can prove I own ICN.
Your response still rests on the assumption that ICN has value.
Sure it does. ICN like any other stock has intrinsic value that is subject to the value of underlying tangible and intangible assets plus subjective expected utility of the project.
If it were the same, it would state that on the terminology page
here.it says "More information about the ICONOMI smart contract and ERC20 compliant ICN app tokens can be found
here." That "here" links to Etherscan where you can read the contract source code and find a proof of your stake in the company.
Obviously it's not outlined as clear as one would wish it was - but it's just a matter of time. The team has plenty of work to do, including legal part that will make all definitions.
BTW, why are you being so picky? What other crypto token has all of the above?
That is the assumption I am challenging - something which must first be proven in order to progress with your argument. And you haven't proven it.
... - and so I will dismiss that claim as nothing more than conjecture until you can prove otherwise.
I don't have to prove you that. This is how markets work (not just stocks and not just crypto) - if crypto-community decides MEND tokens are worth something and demand meets supply then MEND will have its value.
Moreover, in Roman law there is such notion as
presumption of innocence. Market values ICN @ $1.2 - you have declared ICN has no value - you have a burden of proof.