Post
Topic
Board Announcements (Altcoins)
Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency
by
oroqen
on 14/07/2013, 12:53:42 UTC
...given that people want to have some coins Wink
Why would they want that?

Just in case you asked this question not sarcastically Wink

I don't know? Why do people want to have gold?
The only things you _really_ need are air to breathe, something to drink and something to eat.
All other things are just wanted beause they make life more comfortable, interesting, enduring, more fun, whatever.
Some people play raffle, others gather cryto coins; some people participate in seti@home or folding@home, others might join primecoin Cheesy
So some might want primecoins just because they want the coins, others might want to find cunningham chains and the primecoins are a kind of fall-out for them...
Gold has an inherit store of value.

Bitcoins have value because you can buy stuff with them and they now have a track record of enabling both on and off the record 'fiscal' transactions.

Finding cunningham chains for fun while generating primecoins as a by product does not produce a *demand* to purchase coins- which is what is required to drive price - but merely increases *supply*.

It's an odd compairson, Just because bitcoin was first doesn't mean it's the way every crypto has too play out, the landscape has changed quite alot since bitcoin started, and alot of the bitcoin camp seem too think they should. But really your in it for the money not the science, if monetary value is your only concern.