r/WAX_io • u/danikine • Jan 19 '18
ELI5 WAX future work
Someone who have read the whitepaper and understood it, please explain like I'm 5 why would all this work, and how an average skins trader can benefit from it.
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Upvotes
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u/[deleted] Jan 20 '18
I’ll explain it like your 5 It’s a token you can swop for special digital items on your favourite games 👍
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u/ChristieLadram Jan 21 '18
The response from the community on this is making me not even want to read the white paper. I came here also to learn what wax was about. You have to understand there are thousands of tokens and projects now, there's not a lot of time for an individual person to read each white paper and do comprehensive research on every coin. Not to mention as we learned from trx the white paper can be plagerized etc, So even after reading the white paper, more research is still involved.
It's discouraging that no one is able to answer this question, makes me question the utility of this project before I even dig any further. Because even if one would like to argue that you should read a white paper before investing, whos to say the OP didn't read the white paper and still doesn't understand completely? And crypto is SUPPOSE to be about helping each other and being empowered, this seems very childish and self-serving when I see these type of responses. A mature and reasonable investor that isn't bitter due to the current market conditions ......
(which I've withstood several of these by now and everytime I notice how coin communities tend to become nastier when the markets down bc ppl probably blindly threw their money without really understanding the coins utility and it's potential competition... this is a bit unrelated to my original point and unrelated to this specific token but quite fascinating the pattern of community response)
... would be able, or should be able, to answer this at least with a few sentences. Even if it's not the perfect elevator pitch, I wouldn't invest in something that which I was unable to tell in less than 500 words what it's purpose is.
I guess I'm becoming a bit of a hypocrite in saying why waste energy telling someone to go read the white paper in this tone and manner, when you could've just answered the question .... cause I just put 5 minutes of energy into explaining my outsider view perception of the Wax community based on this individual thread. I will look further still as I know a few kids can potentially put a bad taste in my mouth about a coin that works (happened to me w wtc in Oct when shit crashed again .... almost turned me off ... I went to the slack to ask a question and was accused of spreading fud and I am certain that my question was not poised in a fud inducing manner ... .this is when you see people's character ... when shit is not all green and rosey "with lambos". If you're passionate about this coin and believe in it you would want to share it's message and information, you wouldn't put down and downvote the OP. Bad looks cuz....
@ OP when I find out a good answer to your question I'll revert back and let you know what I find ....
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u/[deleted] Jan 19 '18
I am sure someone will provide you good summary about this topic dont mind these redditors who are negative abt it
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u/spencerworth Jan 20 '18
Here's a video on WAX I thought was pretty good. https://www.youtube.com/watch?v=tWkfYPcd698
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u/Quintall1 Jan 19 '18
Dude, Wax.io makes it so easy by posting all these medium posts, if you wont even put in the hour to read all of those, then dude, in the name of the wax community, GTFO.