Post
Topic
Board Altcoin Discussion
Re: Sexcoin Pro/Cons
by
spacedv
on 11/12/2013, 14:38:06 UTC
  • So, what makes sexcoin more anonymous than bitcoin? I'd say it's the other way around; bitcoin can be used for many kinds of things, while sexcoin labels you as someone who pays for adult entertainment or sex.
  • Having a separate coin for some market means that the coins will only circulate from exchange -> user -> service provider / vendor -> exchange, not from user to user or service provider / vendor to service provider / vendor, as bitcoins are ultimately meant to do. If, however, the coins circulate throughout the whole economy, then what was the point in having the sexcoins or gamecoins or whatever in the first place, and not just a generic currency-like coin?
  • The supply and demand and therefore the price is entirely dependent on supply and demand of non-free adult entertainment, prostitutes(?), toys etc. That means it will be hell of a lot more volatile than a general purpose coin is going to be, because the price of the latter is dependent on many, many more things that aren't exactly causally related to each other. If you don't understand why, think about investing. The first rule in investing is to diversify across many different types of assets and many different markets, to decrease the variance of your portfolio's worth. So, why does it make sense for anyone to accept sexcoin as payment rather than bitcoins?