Seeking Insights

[ChainBuilder]

Hi all, I’m exploring the idea of multi-token ecosystems where tokens can interact in novel ways (like fusion or evolution mechanics).
Curious what challenges you’ve seen in getting users to adopt complex token systems? How do you balance engagement vs. complexity?
Any input would be appreciated — looking for high-level advice rather than specifics yet.

[markm]

From the very start I was convinced that bitcoin ought not stand alone, a multi-cryptocurrency ecosystem was a necessity.

It comes down to building buy-sides; luckily there are plenty of folk who build buy-sides out of fiat currencies but to me doing that is stupid because a good strong buy-side might end up having a huge part of the bottom of the buy-offers orderbook consist of offers that do not get taken for years or decades or eventually even centuries, if ever.

Since history has shown that fiats just keep on losing value year after year, decade after decade, century after century it has been clear to me from the start that trying to build a strong buy-side for anything out of fiat is a losing proposition.

Thus the obvious need for more cryptos than just bitcoin if good strong lasting buy-sides were to be built for bitcoin so that all the many folks and later even sites (CoinMarketCap etc etc) that look at the order-books to come up with a value for what they think an asset - such as bitcoin - is worth will see good strong deep lasting buy-sides thus agree the asset is indeed worth something.

That is why I came up with the original galactic currencies like United Kingdom Britcoin (UKB), Canadian Digital Notes (CDN), United Nations Scrip (UNS) and so on.

Part of what makes them an ecosystem is the "treasuries" system whereby one divides the total value of a "treasury" by the number of units minted to compute a value per unit.

The more the various assets contain one-another in their "treasuries" the more interdependent they all become, all having a vested interest in upholding the value of the others, or at least of those others that they select for use as "reserve assets" meaning as assets with which to populate their own "treasuries".

Much much later of course Facebook floated an idea of building a treasury of assets for a coin they proposed of their own and apparently got "shot down" so it seems to have been good thing that my own proof-of-concept of such an idea, but involving multiple treasury-based assets rather than just a single one, was just a game-testing, a proof of concept, not yet a real planet-Earth thing just something various planets in various galaxies in a game do. But hey if it turns out to work maybe it can raise enough capital to consider looking into all the massive overhead expenses of lawyers and accountants and adapting to planet Earth jurisdictions and so on and so on and so on that likely amount mostly to a "moat" the old horse and buggy era financiers have erected to prevent newfangled ideas upsetting their apple-carts...


-MarkM-