Post
Topic
Board Announcements (Altcoins)
Re: [ANN][RSC] Research Support Coin (RSC) - mining with purpose
by
sid7039
on 19/05/2014, 08:01:13 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.


Fundamentals not too strong? -  it's the same as with 95% of the cryptocoins.

And the list (just for the information; I'm not saying that you are wrong :-)
BIDS:
Sum RSC /  Size RSC / Bid Price XRP
17,603.23846 / 17,603.23846 / 0.02004
23,293.23896 / 5,690.00050 / 0.02000
24,333.48525 / 1,040.24629 / 0.01000
36,759.48525 / 12,426.00000 / 0.00917
76,526.4553539,766.970100.00628
126,526.4553550,000.000000.00600
136,526.4553510,000.000000.00500
159,029.1287522,502.673400.00494
195,660.2209936,631.092240.00395
231,789.6189036,129.397910.00335
331,789.61890100,000.000000.00300
367,489.6185535,699.999650.00285
469,011.74972101,522.131170.00250
472,678.416383,666.666660.00210
473,678.416381,000.000000.00200
573,678.41638100,000.000000.00100
1,563,678.41638990,000.000000.00010
1,894,008.41638330,330.000000.00005
2,364,008.41638470,000.000000.00004
4,364,008.416382,000,000.000000.00002
6,364,008.416382,000,000.000000.00001
16,364,008.4163810,000,000.000000.000001