Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
xkcdd
on 21/11/2020, 20:54:49 UTC

For the last time, the pointless act of mining is NOT what gives a coin its value.

Really ?

Please explain. How does giving them away for free make them more valuable than if they were very expensively mined ?


Tok, I can make you an expensive cake, it doesn't mean it will be good or you will desire it.  Investors in this market are not checking the hashrate of various coins and buying according to which has the highest, they are buying because of other things, you are aware of the chatter, Putin is buying, Paypal is buying, MSTR is buying, Iran is buying..  Roll Eyes and so on, this is why people are buying bitcoin.  For DASH the narrative is Venezuela, Payments coins, instant send, masternode.  Hashrate never comes into consideration.  If I see you outside with an umbrella and infer that because you have an umbrella it must rain I would be wrong, but perhaps I wouldn't even know it, because chances are it rains.  The actual flow of events is Tok takes his umbrella with him when he thinks it's going to rain.  So too, hashrate follows price when people decide to FOMO into some coin because of other reasons I just mentioned.


This ANN thread is moving by so fast  Shocked
I forgot already what was posted in the previous page  Embarrassed

We must be in a bull market or something, don't you think?   Wink