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.
ERC20 is a scam
>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.