Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ★★ EBT Coin - PoW/PoS - New Wallet Coming Soon!!★★
by
FoodForThePoor
on 23/03/2014, 22:45:29 UTC

This is something the alt-coin market really needs!  I do have a concern though.

The one issue I see is people might balk at everyday items being listed for 40,000 EBT considering the total coin supply which means either the value of EBT will need to go up significantly on the exchanges or people will have to settle for less EBT than their item is really worth.

If I want to list my washing machine for EBT and I want $150 for it, how many people have 700,000 EBT to spend on it?  Would I be better off just listing it in the paper or online for $150 or just selling it on the site for BTC?

I'm not trying to be a naysayer, just pointing out that at EBT's current value and distribution, I don't think there's going to be a lot of people listing items.  On the other hand, I still think this is good because without it coins have no real value other than speculative investment.