Post
Topic
Board Altcoin Discussion
Topic OP
what gives tokens printed from thin air any long term sustainable value?
by
anticonformist
on 11/02/2021, 04:01:24 UTC
1) Why should tokens that are minted/created at launch by companies and sold to investors/public have and hold any sustainable long term value?
2) Are these tokens meant to be used as future currency in retail/commerce, how?

For example AVAX created from thin air 720,000,000 tokens. Half were sold/airdropped/team allocated etc, the other half will be used as staking rewards to validators, released over decades.

So how many individuals do you think now own 50% of the available supply of tokens (or 100% considering the other 50% is locked for staking) maybe a few thousand rich people? So how is this any sort of fair or sustainable type of currency, should the majority population ever choose to use it for currency. I guess for me it gets back to mining giving value...

Isnt this just the equivalent of somebody releasing "bitcoin 2", and pre-mining 50% of the supply and allocating half to themselves and their team and then dropping it on the market for us to actually buy with our dollars.

Can anyone explain, am i missing something or on the completely wrong page?