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/biz/ - Business & Finance

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23113053 No.23113053 [Reply] [Original]

How can an ERC-20 token be worth more than the chain it resides on?

>> No.23113230

>>23113053
This is an excellent question, anon. The fact of the matter is that ultimately any token is worth what people are willing to pay for it. But it does seem fundamentally illogical.

>> No.23113254

>>23113053
USDT on tron doesn't make tron inherently more valuable. Though it is extremely unlikely that any individual ERC will ever flip ETH

>> No.23113303

>>23113053
How does anything cost more than a $?

>> No.23113307

>>23113230
based

>> No.23113325
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23113325

>HOW CAN A HOUSE BE WORTH MORE THAN THE MATERIALS IT'S MADE FROM

>HOW CAN A BUILDING BE WORTH MORE THAN THE LAND IT'S BUILT ON

dam... rly makes u tink...

>> No.23113360

>>23113325
false equivalency. next.

>> No.23113377

>>23113360
How is that false equivalency? Its right

>> No.23113378

How can google be worth more than the network it runs on?

>> No.23113420

>>23113053
Of course it can't, and of course the chainsimp cultists are full of shit

>> No.23113434

>>23113377
>how can a linkie ass be worth more than his entire body (including ass)

>> No.23113487

>>23113053
By stopping residing on it

>> No.23114262

>>23113053
Marketcap/Supply

>> No.23114288

BLOCKCHAIN AGNOSTIC

>> No.23115828
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23115828

>>23114288

>> No.23115843

>>23113053
DYOR and you’ll find out why
https://blockonomi.com/desire-defi-launcher/

>> No.23115873

>>23113377
>those digits
Numbers don't lie

>> No.23116789

>>23113053
speculation

>> No.23117216
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23117216

>>23113325
>>23113378
It’s different because an ERC token is essentially a colored ETH token. There cannot be more than the network.

>> No.23117397

You should be taking the dev to Kleros court for this wrongful prices. Good day Sir.

>> No.23117484

>>23113053

Is your money worth more than the paper that it's printed on?

Holy fuck, you are a special kind of retarded.

>> No.23117546

>>23117484
>Holy fuck, you are a special kind of retarded.
But it's literally a copied form of an ERC-20 token that has something updated. Original token can be revised, and will be.

Lmfao. All of this will be dinosaur age shit soon. Monero is booming.

>> No.23117647

Oh shit just sold all my tokens for eth

>> No.23117741

>>23113325
>>23113377
>>23113378
>>23114262
>>23116789
>>23117484
No you retards, the critical point is that if the situation arrives where a token gets significantly more valuable than ETH, it then becomes profitable and the economically correct thing to do to attack the network and basically rigging the token by 51%ing for example. Thats because it costs less to 51% and get a fat double spend in than to truthfully mine in the network.

>> No.23117893

>>23117741
lol you are technologically illiterate. You come into crypto, hear a few buzzwords like “51% attack” and think you know something about anything. I fucking hate this “space” so much.

>> No.23117963

>>23117893
Simple economics. Either you can cheaply manip the network and make infinite money or the token dumps at least below the worth of the network.

>> No.23117986

>>23113254
How so?