ERC20 is a scam

ERC20 is the token standard of virtual assets deployed on top of the ethereum blockchain. Ether is still needed to transfer these tokens. Ethereum is inextricably tied to all ERC20 tokens, and thus transacting with ERC20 tokens is fundamentally the same as transacting using Ether. There is no practical use for an ERC20 token that benefits the user, ERC20 tokens cannot have any features that do not already exist on ETH, and ERC20 tokens only act to lock consumers down to their platform. Therefore, there is no reason for ERC20 tokens to exist in any capacity, and all tokens are borderline scams or money grabs, without exception. We do not recommend investing in them. Please exercise extreme caution.

>We do not recommend investing in them.
>We.
((((they))))

What if you want a different supply over time curve than eth has?
What if you restrict use of the token to your service, thus pegging the token's price to the value your service provides?

You are retarded

this

What if you want to create an asset that has properties or permissions granted to the holders of the asset?

ERC20 Tokens do not have their own blockchains and therefore cannot have a technology platform. For more information, read OP.

not an argument

does this 3rd worlder actually think he is smart?

Tokens allow for networks and systems that are distinct from the ETH network to have a completely distict value and supply system.
That way, the price of the currency reflects this distinct system exclusively; while using ETH as currency would mean the price would be influenced by a million things that have nothing to do with the distinct network.

Do 5 minutes of research you brainlet.

I only flip erc20 shitcoins for gains. I'll never hold an erc20 shitcoin as an "investment". Having to use ETH to use the damn things just adds too much chaos.

>distinct from the ETH network
They're not
>completely distinct value and supply
They don't, because they're just smart contracts on ETH and have no reason to exist on their own (and they literally can't).

For everyone who is unaware, this is pasta

> HTTP is a useless protocol because it is build on top of TCP/IP so deep down it uses that to transact and therefore everything build ontop of TCP/IP is useless and you should just use TCP/IP

thats how retarded your statement is.

HTTP and TCP/IP are protocols that do things, retard.

ERC20 does literally nothing. It's slapping a name onto a random smart contract so you can artificially restrict how your product is used and dodge stock regulations. ERC20 is not TCP/IP, it's someone encapsulating data inside TCP/IP with no encryption and no additional data and trying to sell it as something else.

>>>/reddit/

>and therefore cannot have a technology platform
what ? such blockchain cloud technology, much wow

What does Bitcoin do your retard ? It allows people to exchange a controlled supply of unforgeable tokens.

What does ERC20 tokens do ? The same thing.

Lookup the concept of "colored coins" in Bitcoin and maybe it'll help you understand the purpose better.

ERC20 IS colored coins you autismo. Bitcoin is a technology, ERC20 is ETH with shitty DRM that serves no purpose to its users. It's not hard to understand unless you're obviously holding bags you need to get rid of.

this makes no sense lol

> Tokens that comply to a standard are bad because they are similar

T. tard

>ERC20 IS colored coins you autismo.
Exactly. If you understand the purpose of colored coins you understand the purpose of ERC20 tokens. What's nice about ERC20 tokens is that you can add much more functionality to them than colored coins, like adding dividends, voting mechanisms, trading fees, etc...

It's okay man, your Bitcoins won't go down to 0. You don't need to invest in tokens if you don't have the risk appetite for it.

Again, ERC20 doesn't do that. Smart Contracts do that. Solidity does that. You can add dividends and voting mechanisms (and fees) using ETH. Tokens are useless except artificial restriction How are you this dense?

>They're not
Work on your reading comprehension lmao.

>except artificial restriction
And distinct value.

Yep all erc20 are shit. Tokens are a sign the devs are too dumb to make their own blockchain or simply scammers

HTML5 is the coding standard of websites deployed on the World Wide Web. A HTML5 browser is still needed to interact with these websites. HTML5 is inextricably tied to all websites, and thus using any website with HTML5 is fundamentally the same as using the World Wide Web. There is no practical use for HTML5 that benefits the user, HTML5 cannot have any features that do not already exist on the World Wide Web, and HTML5 only act to lock consumers down to their platform. Therefore, there is no reason for HTML5 to exist in any capacity, and all websites that use it are borderline scams or money grabs, without exception. We do not recommend investing in them. Please exercise extreme caution.

I hope now you realise how stupid you sound. ETH is a development platform.

yeah difference is HTML and WWW are useful, erc20 and ETH are overpriced useless crap

People probably said the same thing about HTML1

I lost an iq point reading this

html didnt cost money and its not nothing you "own"

something*

what the fuck is this shit?

I don't fucking know what I'm talking about -The post

False equivalence by deluded bagholders, the post.

This great man speaks the truth.
This man is a liar!

ETH is a joke
remember when the fucking bancor ICO almost crashed the ETH network
now think about 100 ERC20 tokens on heavy load with millions of transactions over the ETH blockchain