Post
Topic
Board Altcoin Discussion
Re: [XPM] Why Primecoin is Useless, Doomed to Fail?
by
smolen
on 19/08/2013, 17:56:03 UTC
Sunny, if price falls and if miners stops mining because price falls and the supply of coins increases because of falling difficulty (yes a lot of if's and perhaps it will not unfold like this but IF it does happen this way [please humor me]): then do you think that it is possible that new miners will step in to mine these easy/cheap coins - hoping that difficulty and then price will go up later on therefor considering it a bargain thus pressing up the difficulty yet again creating aa self-fullfillinng prophecy?
I'm sorry for breaking into discussion. If mining reward becomes small and if there will be a way to short sell, new miners will step in to destroy the currency, not to mine it.