Your comment is just one big ad hominem so I'm going to guess what your position is: tokens on the blockchain are great to bootstrap users. (correct me if I'm wrong)
Given my assumption, can you explain why I can't do this:
1- Have a great idea for a decentralized marketplace app (think OpenBazaar)
2- Store 21 million BazaarCoin in a MySQL database and give these coins some purpose in my app (eg. used to buy stuff)
3- Setup APIs so people can easily trade them (use public-key crypto to track ownership)
4- Make all my code open source and also provide read-only APIs so anyone anywhere can quickly audit the database of coins.
5- Have various exchanges setup USD/BazaarCoin trading pairs
6- Explain all this in a white paper and organize an initial-bazaarcoin-offering to "bootstrap the network"
Where does the blockchain fit in to add value?
Given my assumption, can you explain why I can't do this:
1- Have a great idea for a decentralized marketplace app (think OpenBazaar)
2- Store 21 million BazaarCoin in a MySQL database and give these coins some purpose in my app (eg. used to buy stuff)
3- Setup APIs so people can easily trade them (use public-key crypto to track ownership)
4- Make all my code open source and also provide read-only APIs so anyone anywhere can quickly audit the database of coins.
5- Have various exchanges setup USD/BazaarCoin trading pairs
6- Explain all this in a white paper and organize an initial-bazaarcoin-offering to "bootstrap the network"
Where does the blockchain fit in to add value?