jlogelin

I mean, as a species we dig up gold for the sole purpose of putting it into well protected vaults as a store of value. It's not a far cry to say we'll simply store the radioactive gold in lead vaults instead. But yeah, if we can print rare earth metals now, I won't be betting on them to store economic value.

I think that there is still substantial utility in leveraging a mining paradigm as an alternative to centralized staking for ERC-20 tokens. Standardizing new mineable tokens on a proposed Mineable EIP offers a homogenous framework for mining software and equipment in the Ethereum ecosystem. Hardware mining is a viable way to economically bridge value from the real world (electricity and hardware costs) to an ethereum token. It allows for early adopters to participate substantially without necessarily requiring a centralized, OTC or distributed marketplace. 0xBitcoin offers the best of both worlds - the economic peg of hardware mining/electricity with the exchangeability of the ERC-20 ecosystem ( centralized and decentralized exchanges ). As the tooling and standard gets flushed out, I believe 0xTokens could usher in a new wave of assets on a superior ubiquitous platform.

Full Disclosure - I drafted this standard with the advice of the 0xBitcoin team https://github.com/jlogelin/EIPs/blob/6b5e0e0aeae120105240a9...