Post
Topic
Board Announcements (Altcoins)
Re: [ANN][RSC] Research Support Coin (RSC) - mining with purpose
by
oriolpont
on 18/05/2014, 22:34:52 UTC
I cannot see how RSC could ever be valuable.
[..]

Mine RSC, sell if for XRP. If you don't like XRP you can sell if for anything (e.g. for LTC).

I'd gladly sell. But selling requires someone buying, and I can't see who'd rationally buy.

But someone is buying :-)

ASKS
Ask Price XRP / Size RSC / Sum RSC
0.02000 / 3,000.00000 / 3,000.00000
(...)

Those are asks not bids! You just showed the opposite: someone is selling.

To be fair, there is also a rather thin bidding-side book: I count a total of 2100 XRP (around $10-15) with most of these at 0.000001 (one millionth) XRP per RSC. Even the average bid, 0.0001 (a tenth mill) XRP per RSC, is ridiculous: electricity costs orders of magnitude more, let alone a DigitalOcean droplet.

Anyway, my comment was about the fundamentals, not the actual book. The OP and a few dumb speculators are bidding these few dollars that we observe, but I still do not see how any rational research supporter would ever buy RSC in any significant amount.