Why wouldn't a banker just spend $20 and 24 hours and launch a new coin. I would add like you asininely tried to do.
Maybe its that budget unspent catch, if they don'/t blow their budget of billions buying up crapcoins and instead spend $20 * 300 or * 3000 to create 300 or 3000 new ones, they won't have used up their budget so won't get a full budget next year?
Nah, still makes no sense, they could create 3000 new blockchains at $20 each then blow billions buying the actual coins on those chains from miners to pump them...
Notice though that for a long time now the coins that moved AWAY from blockchains have been worth much much more (see
http://galaxies.mygamesonline.org/digitalisassets.html) than those that stayed with blockchains, presumably because of 'miners dumping coins syndrome". (Backing coins some third party miner mints is insanely expensive compared to backing coins you minted yourself...)
-MarkM-
They have the money to buy up any coin. They spend $10 million or even. $50 million and buy a well known coin with history and from the "inventors". That's how it worlks. Nobody buys into an ETF for a coin that just popped up last week. That's ridiculous. That's why I was rushing to start a coin cause the older coins will be worth more, also the ones with the biggest followers or a story, a unique story, which is why I like devcoin.