It also allows for the possibility of selling at discounted rates for volume. $1 for 4 tokens, but $10 gets you 50 instead of 40.
There is _some_ inherent value in this. Decoupling the currency rate from a unit of time play provides an entrypoint for the store to incorporate value models that aren't captured by currency alone.
In the volume discount case, this allows them to incorporate fixed overhead models into the pricing scheme for game time.
I don't dispute the point, however, that the model does allow for abuse along other lines, and is often used that way in practice.
Plus the regulatory checks can be limited to cashing out and converting the coins to fiat. Instead of within each geographic or existing regulatory boundary within the network.
>It also allows for the possibility of selling at discounted rates for volume. $1 for 4 tokens, but $10 gets you 50 instead of 40.
I think at the point of discounts of a USD stable coin...a good arguement could be made that is an investment contract/security that needs to be registered.
If that were true, it would highlight how SEC is treating cryptocoins differently than say gift cards (which are often sold with discounts).
Of course either way FB could in theory probably register their coin with the SEC anyway without much difficulty.
There is _some_ inherent value in this. Decoupling the currency rate from a unit of time play provides an entrypoint for the store to incorporate value models that aren't captured by currency alone.
In the volume discount case, this allows them to incorporate fixed overhead models into the pricing scheme for game time.
I don't dispute the point, however, that the model does allow for abuse along other lines, and is often used that way in practice.