Another example to illustrate the point that value follows adoption and use: Coin2 http://www.coin2-project.org/?page_id=65. What these guys did is basically a complete premine (97.5%), and give all of the coins AWAY to the first lucky 1000 people. These 1000 have now received 48,750 of those coins each.
What's that coin worth? Nothing of course, it's just some cryptographic data mined in somebody's back yard. Can it be worth something? Yes, if people start using it.
With this I'm not trying to encoure anyone to trade their MEOW for COIN2, quite the opposite (especially at the current meltdown of the price
). But realize that this coin only has the value that the world gives to it, and act on that.
What's that coin worth? Nothing of course, it's just some cryptographic data mined in somebody's back yard. Can it be worth something? Yes, if people start using it.
With this I'm not trying to encoure anyone to trade their MEOW for COIN2, quite the opposite (especially at the current meltdown of the price
). But realize that this coin only has the value that the world gives to it, and act on that.So since it is cheap... Buy it all now ?
