Quote from: evilscoop on April 16, 2013, 10:07:48 AM

Quote from: directedbit on April 16, 2013, 10:06:37 AM

I can't quite tell from your bolding which piece you disagree with.

The chain of events

price increase --> mining interest --> increased reward --> price decrease = more stable currency. Which part is incorrect?

coin becomes worthless

Something that is worthless to begin with can never "become" worthless. It is per definition already worthless.

Also, I don't see the point in every Tom, Dick and Harry coming up with a new coin every day and a half. It's incredibly stupid and pointless to have 10.000 1:1 copies of Bitcoin, Litecoin and PPCoin.

Stahp eet.