I think that someone who likes a "true coin" that isn't just a token (not necessarily a "Bitcoin maxi") and/or does not like flagging though would still very likely flock to #Nostr though despite the advantages of Hive. 🧘♂️🤓
!INDEED !HOPE !WINEX !HUG
See, that's a curious thing, because a coin is produced directly by the blockchain, while a token is created with certain parameters by an account, so by that definition HIVE and HBD are both coins, not tokens. All the tokens in layer 2 are truly tokens, though. 😁🙏💚✨🤙
!ALIVE
!BBH
!HOPE
!HUG
!INDEED
I wonder then why HIVE and HBD are called "tokens" though !INSTEAD of "coins". 🤯 #PeakD, #Ecency, and most popular Hive frontends call them "tokens". 😅
Anyway, I think that a cryptocurrency "coin" in general is something that can't be gone (whether or not it can be sent to the corresponding @null account depending on the blockchain), while "tokens" can be created arbitrarily by its issuer, and can also disappear (such as when someone converts or swaps between HIVE and HBD, where a bit of the tokens are lost for every transaction). 🤯🤯🤓
!WEIRD !INDEED !WINEX !ALIVE
I've been asking myself that question since I got here...lol! I have no clue.
That's a new definition to me, but I understand the perspective. I'm still thinking about it, since HIVE and HBD are inherent aspects of the blockchain, so they never leave either, they just constantly reappear. 😁🙏💚✨🤙
!ALIVE
!INDEED
!WINE
!WEIRD
It would be really surprising if something that is supposed to be a token on #HiveEngine exists as a coin !INDEED. 🤯
Anyway, in theory, the majority of Hive Witnesses can agree to make the price of the HIVE token $0.001 each, such that every $1 worth of HBD from Hive author rewards will give an equivalent of 500 HIVE tokens and 500 Hive Power at reward payout time to the author !INDEED. 💸🤯😅
!WEIRD !HOPE !PIZZA !HUG
Well, they're quite different, so I don't see that situation arising any time soon.
That would be a rather interesting turn. It sounds a little bit like the present BLURT/SWAP.BLURT price. 😁🙏💚✨🤙
!HOPE
!HUG
!PIZZA
!WEIRD
That only shows how important Hive Witnesses are, especially those in the Top 20. 🧘♂️🤓
!WINEX
!LOLZ
Indeed, they kind of run the show, which highlights the extreme importance of voting for the witnesses that we want. 😁🙏💚✨🤙
!LOLZ
!WINE
