In a Discord chat I had with Chris, I try to figure out how to use meTokens, and what are the value dynamics around a personal token. I find that to get the most out of this token, nothing beats having a solid reputation and personal brand. In other words – it is one of many possible funding systems.
(I actually use a different chat handle IRL)
[10:57 PM] chiwbaka: I just added collateral to the tune of 0.1 ETH to my token, but it says the Total Supply is 1000 - same as before. Is this supposed to happen?
[11:00 PM] CBobRobison | meTokens: Yes. If you add collateral, you're only increasing the amount of ETH backing the already existing meTokens. If you want to increase the supply, then you'll need to buy/mint new meTokens
[11:25 PM] chiwbaka: I thought my collateral was supposed to be my time/services? @CBobRobison | meTokens
Continue reading Some Musings about Creating Your Own Currency – Interview with Chris Robison, Part 2