watching all the coins shoot up and then slowly die. glad i am with karma.
new coins promise all this new innovation and better decentralization. but the truth is there is nothing better then POW. you want the coin? mine it or buy it.
not enough buyers > less miners > price shoots up > miners back on it. = coins do not end up in few buyers but get distributed well.
not enough miners > price shoots up > tons of miners join = Coins do not end up in the hands of few miners but they get distributed to more miner.
new person. somewhere in the corner of the world that can not buy btcs? don't trust sending private info or sending fiat to exchanges ? no problem. buy a mining rig. set it up. mine our coin! = Unlimited new addition of users
Old miner . got their BTCs invested in other coins? no problem. use their mining rig to jump on our coin! =new additional miners
LTC/doge scrypt miners - Your mining rig too small to compete with top dogs? no problem. still profitable to mine us! = new additional miners
Thanks to POW, anyone has multi safe methods to join our coin without having to buy their way in!
Miners make the best buyers. How much longer until this coin explodes again ?
Would you agree that the team is working very hard to build infrastructures that will bring extreme demand for this coin? Would you agree the the price is very low ?