can someon eexplain the further use of CBX? Just holding value isnt a real use case. Everycoin could do this/or couldnt if it gets dumped. except you will do some heavy market manipulation you wont be able to gurantee a stable value arent you? (and if you are looking at graphs it doesnt seem stable at all^^)
Your question lies at the heart of all crypto from here on. Yes, it is simple and cheap to clone/copy any crypto coin, and thus coin supply is virtually unlimited when we take into account ALL the possible clones, so, how can any particular coin hold value? I think the answer is still uncertain, but the early adopters of these 1st & 2nd generation coins create the 'vibe', and if the 'vibe' is good, the network effect will take over, and the popular coins that hold their value become the popular coins that hold their value ... because, they're the popular coins that hold their value. I hope CBX is one of these 'popular' coins, but it isn't certain by any means, but the potential is there, because:
1- launch of CBX was fair with no 'smell' (like DASH or STEEM)
2- CBX usecase is clear and simple to explain (i.e. digital store of value, virtual precious metal), not trying to be everything, do one thing better than competition
3- PoSP is common sense, but so many other PoS coins don't use it (i.e. only get real inflation adjusted % if you help secure the network)
4- BPN's serve dual purpose, 1. secure the network , 2. limit liquid supply
5- CBX is +4 years old with active community & quality devs, and longevity in crypto is usually rewarded
ALL these factors encourage long term HODL, so the future network effect for CBX as a store of value is likely to be superior to many other cryptos, but obviously not certain.
Post BTC::BCH split we end up with four basic types of crypto:
1- currencies (like BCH)
2- commodities (like BTC)
3- platform tokens (like ETH)
4- app tokens (ERC20 Zoo)
CBX is a commodity, like legacy BTC - which one is more likely to x10 in 2018, BTC with a current MK of +190 billion USD, or CBX with a MK of 4-5 million USD?
Don't get me wrong, BTC is a better store of value today (has a much stronger network effect), but for new entrants into crypto who think 10k USD is expensive for bitcoin ... they can buy a similar 'digital gold' for $4-5, and CBX doesn't suffer all the governance issues of BTC, and isn't going to ever have an existential crisis over what it is ('am I a currency, or a commodity?'), CBX is a digital commodity, I don't think I'll ever use it to buy coffee, but maybe one day use it to buy something expensive, like a car or house or boat.
CBX has risk, but compared to most other crypto is still massively undervalued, so it's a great investment!
