<story><title>The Token Effect</title><url>https://blog.ycombinator.com/the-token-effect</url></story><parent_chain></parent_chain><comment><author>the_stc</author><text>Can you explain exactly what you mean by TCP&amp;#x2F;IP is underfunded, with examples?&lt;p&gt;And how are tokens on the Ethereum network capturing value in other networks? How is Filecoin better off with its own money versus people bidding for storage in Bitcoin, Monero, or Ethereum directly? And why should the value of Filecoin tokens spike up? How is having a speculative token beneficial for accurately pricing storage?&lt;p&gt;The liquidity aspects are just companies jumping around regulations. Nothing stops startups from listing all their shares on a website and letting anyone buy&amp;#x2F;sell&amp;#x2F;trade them. Well except for the legality aspect!&lt;p&gt;I say this as someone about to do a cryptocurrency fundraiser in the adult services space. Though we aren&amp;#x27;t issuing tokens, but shares - we take payment in cash or other cryptocoins. The main benefit is easily being able to crowdfund and return dividends while avoiding legal hurdles.</text></comment>
<story><title>The Token Effect</title><url>https://blog.ycombinator.com/the-token-effect</url></story><parent_chain></parent_chain><comment><author>jashmenn</author><text>It&amp;#x27;s really exciting to see the different components for decentralized apps come together. Bitcoin promised programmable money, and it sort of is, but Ethereum is so much more accessible (for better or for worse).&lt;p&gt;With Ethereum we have decentralized compute. With IPFS we get decentralized storage. Cryptographic keys give us self-sovereign identity. Build tools like Truffle make it easy to get started (think create-react-app for Ethereum). And libraries like Zepplin are helping standardize secure patterns.&lt;p&gt;And, to top it off, using web3.js we can write UIs _in the browser_ using JavaScript and the libraries we&amp;#x27;re already familiar with (Angular, React, Vue).&lt;p&gt;By the way, [shameless plug], if you&amp;#x27;re a web developer and you&amp;#x27;re looking to get started programming cryptocurrency and distributed apps, I have some introductory tutorials here =&amp;gt; &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;newline.co&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;newline.co&amp;#x2F;&lt;/a&gt;</text></comment>