Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
[ed] and it's worth mentioning that multi-pool mining for other coins is basically a kind of carry trade arbitrage that's already being carried out in BC.
Please explain carry trade arbitrage.Quote
My thinking on this was sort of loose. But anyone mining other alts and buying BC with it, is effectively borrowing BC to turn around and invest temporarily in things that may have a higher rate of return (assuming their prices are stable enough). We aren't at a point yet where I loan you BC and you go put it in MintCoin and take the difference in interest...at this point BC is still a raider. But if it's becoming the home base for those kinds of excursions, it's kind of like the Yen.
Blackcoin is still hundreds of millions if not billions off the market cap required to make this worth while. But it also reminds me how early a stage all crypto is in.
I trade forex as well
