Comment by pcthrowaway
4 hours ago
> and tokens are used not as trading , but transactional currency to do that building.
I think it's funny that you highlight this, because for many blockchains, their native token is the transactional currency also.
Which opens up the possibility for a marketplace around it, as well as an incentive to grift to recoup one's investment.
AFAIK there's no similar market for LLM tokens (the price may fluctuate, but the AI companies set it, and they can't be resold), but the grift works by instead selling the outputs from using the tokens.
Sure, but that’s presumes the output is something people want to buy, which presumes it is useful. Sure it can pump if useless, but the longer term dump if useless is what separates it from coins.
> the grift works by instead selling the outputs from using the tokens.
is it grift if I want the output, and its contributing usefully to the work I am doing now,?