Quote:
Originally Posted by afc wimbledon
to be honest that just sounds insane, a locked in death spiral
|
Yeah, for it to work on an ongoing basis there really needs to be some ongoing demand for the tokens. If there's no actual use case for the tokens, then people generally dump them when the speculative value dries up, and many tokens go basically to zero in that way. It can work for the tokens that have real ongoing uses that make them desirable outside of speculation.