comment by veen

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comment by veen

veen · 3017 days ago · link · · parent · post: Toyota, Merck Join Ethereum Group to Build Blockchain Network

Interesting dapp - I'm sure there are already a bunch of people diversifying over multiple altcoins. Do you think any of the other altcoins have merit (e.g. concepts that can't be implemented in Eth)? Golem looks useful but I don't see why it's not just a dapp instead of being a different coin.

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mk · 3017 days ago · link ·

I think Golem could be very useful. It's an ETH token, like Augur, Gnosis, etc. Having a token gives them a method to raise funds, and also some greater control of the resource, and payments.

+discuss+discuss

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veen · 3017 days ago · link ·

What does it mean to be an ETH token? It has its own value (about $.40 now), so it isn't tied to ETH in its value, right?

+discuss+discuss

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mk · 3017 days ago · link ·

ETH tokens are basically tagged bits of ETH that track ownership/participation in a Dapp/contract. I believe that different tokens represent different amounts of ETH, but that they are all quite small. I need to look into that. Their value isn't directly tied to ETH's, no.