Actually it's genius idea if made right, that way the value of the coin will depend on the community itself not some bullshit whales in some big exchange. The more mass adopted the more it's value (community driven value)
Yeah loved it to be honest, but remember " if done right & transparent enough ".
I'm not a techy guy, but the concept is just great, it will differently make crypto great again (with Trump accent lol).
Topic: Hash rate vs hash rate market pricing for alts (Read 54 times)
Bliss, hope the new year is treating EVERYONE awesome...
Some time ago, I launched Gamerholic coin, the 1st crypto for gaming, which is now called OWO.
The coin was delisted from bittrex. Usually, a delisting is bad for coin creators but to be honest it was a relief to not have to focus
a market cap anymore and actually do what I love best, build cool things.
I came up with a way to swap OWO for BTC without an exchange, using a BIP32 address.
One thing that plagued me for a while was the problem of giving OWO a market price.
Assessing a market value for the coin, satisfied no one.
Stable coins a great for tokens, but a sha256 crypto has the benefits of wider imagination.
My insights say the best stable coins will be mineable coins, pegged to bitcoins hash rate.
After all, if your hash rate is shit, the market can do nothing to save it or pump it.
This solution is a giant upside for all participants with steady predictable growth and no market forces for wild crashes.
What do you think of the idea of pricing a sha256 altcoin based on its hash rate vs bitcoins hash rate?
Some time ago, I launched Gamerholic coin, the 1st crypto for gaming, which is now called OWO.
The coin was delisted from bittrex. Usually, a delisting is bad for coin creators but to be honest it was a relief to not have to focus
a market cap anymore and actually do what I love best, build cool things.
I came up with a way to swap OWO for BTC without an exchange, using a BIP32 address.
One thing that plagued me for a while was the problem of giving OWO a market price.
Assessing a market value for the coin, satisfied no one.
Stable coins a great for tokens, but a sha256 crypto has the benefits of wider imagination.
My insights say the best stable coins will be mineable coins, pegged to bitcoins hash rate.
After all, if your hash rate is shit, the market can do nothing to save it or pump it.
This solution is a giant upside for all participants with steady predictable growth and no market forces for wild crashes.
What do you think of the idea of pricing a sha256 altcoin based on its hash rate vs bitcoins hash rate?
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