/biz/ - Business & Finance

Been here for 3 years and I have never heard anyone answer this question to justify all these shitcoins.
Why do we need so many tokens?
Why does EVERYTHING need its own coin?
This shit does not make any sense and is the main problem for mass adoption of any of these technologies. There is so far no clear reason. Can someone explain this shit in plain words? Bitcoin and its competitors are the only ones that make sense as they are trying to be a currencies, with each one claiming to be faster or cheaper for transactions. But everything else? Why the fuck does ETH need a token? Why does LINK need a coin? GRT, ICP, DOT and the many, way too many, more, all have tokens, for no other reason than just because. Everything is being tokenized and none of it makes ANY sense as to why. 99% of us are buying for speculative reasons, the rest that are "in it for the tech" still can't explain why we need to buy these fucking crypto-currencies.
Make it make sense.

>>57995731
anon this is crypto. that's only a 5x. and trust me i am not ungrateful whatsoever. i come from nothing and worked my entire adult life for this moment. nothing wrong with trying to optimize more and make 100x gains.

>>57298767
fuck bro why did you have to remind me
i was up ~$20k on that one when it rugged. lost my initial of around $6k

>>49877570
tech shop owner with a phd computer engineering degree here
YOUR VIDEOCARDS ARE AS GOOD AS GARBAGE
hows that for a well informed educated opinion

>>29059112
some faggot just brought up the holocaust for absolutely no reason

>checks node count
>232
I bet most of them are data center IPs too

>>25039157
> you 4channers
ugghhhhh

>>23343620
I was laughing at the sudden slap at the end shut up retard

>>23019585
https://twitter.com/CORE_Vault

>>22638302
>Now just wait for someone to offer rewards when you delegate your votes to them. Wonder what happens to price then?
in other words
>wait till bribery starts on unicock, oh boy!

>>22591844
>It will crash before too long

dont quit OP. just dont

>>20493699
No, that's not enough. You're not going to make it.

>>19862945
2013 called, it wants its FUD back

>>19795838
gay and lose-money-pilled

>>19683585
given a choice between paying property tax on a home you own, versus helping pay for Mortimer's property taxes on the house he owns, you'd rather do the latter. Brilliant. You sure showed those government bastards!

>>19497895
Totally fucking worthless.
Learn how to invest or learn how to lose.

>>19315028
A thread died for this

>>19168687

>>18989727
Buy assets with appreciating value over time...

>>18967770
No one made you do anything, you're the only person to blame here.

There's still time to Dollar Cost Avarage into the S&P 500

>>18853441
who cares

>>18809830
>>18809839
>>18809861
>>18809864
>>18809892
>>18809920
>>18809948
>>18810023
>>18810036
>>18810048
That's a man

>>18489197
Ask one of the illegals, any of them, what America stands for and what American Values are. They'll mumble something about freedom but won't be able to elaborate.

Just kidding they won't answer because they don't speak Ingles. The truth is: the jobs are here and they want the jobs, it's really that simple. It's superficially similar to what most American Immigrants have wanted throughout history, which is what you were getting at, except most immigrants have had the basic decency to go through Ellis Island and at least pretend to care about our laws.