hey guys im thinking of making a new cryptocurrency that can only be acquired by mining, it cant be sold or bought you just attribute it so it basically has no real worth i think its gonna be the next big thing
3 Likes
tkoham
July 31, 2017, 4:39am
225
3 Likes
tkoham
August 3, 2017, 5:01am
226
Letâs play crypto stupidity bingo! Grab a card, everyone!
tkoham
August 3, 2017, 1:51pm
228
Itâs already happening;
2 Likes
tkoham
August 3, 2017, 2:03pm
229
Here, Iâll start to get the ball rolling:
This is over 5 years + of involvement.
Curious to see yâallâs.
I tried this once but gave up after I had to download the blockchain ( 25-ish GB) and it wouldnât sync up. This was 2 years ago.
tkoham
August 3, 2017, 6:24pm
231
Tried what, mining? running a node?
You can own crypto without downloading a fuckton of data using SPV wallets (on most coins)
How do you think people trade on their phones?
mining bitcoin, at the time.
1 Like
tkoham
August 4, 2017, 7:38am
234
ugh crypto noobs these days:
Iâm trying to understand if I should buy bitcoincash since it is still cheap than the original bitcoin and a lot of exchange supports it.
Many people have strong misgivings about "wasting" resources (loss aversion). In the above example involving a non-refundable sporting event ticket, many people, for example, would feel obliged to go to the event despite not really wanting to, because doing otherwise would be wasting the ticket price; they feel they've passed the point of no return. This is sometimes referred to as the sunk cost fallacy. Economists would label this behavior "irrational": it is inefficient because it misallocates ...
In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output. Economies of scale apply to a variety of organizational and business situations and at various levels, such as a business or manufacturing unit, plant or an entire enterprise. For example, economies of scale apply to the fixed cost to produce...
Hmm those two basic concepts point to simply trading/investing over mining, even if you have bought assets.
1 Like
tkoham
August 4, 2017, 12:10pm
236
Itâs almost like people with a basic understanding of business and economics came to this conlcusion years ago
1 Like
tkoham
August 4, 2017, 12:24pm
237
Rip BCash:
Itâs done nothing but lose money since exchanges opened shorts and trading.
Dump it while you can boys
1 Like
tkoham
August 4, 2017, 1:34pm
239
I posted that a couple posts up
MFZuul
August 4, 2017, 3:06pm
242
tkoham
August 4, 2017, 3:06pm
243
The BTC-e shitshow is par for the course on exchange behavior.
Bitfinex just started an ICO for a âdecentralized smart contract ICO trading platformâ with their own shitcoin lol
3 Likes