Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin V1.9.1, Energy Saving Coin *27 Exchanges *57 Merchants
by
ranlo
on 20/05/2014, 08:07:00 UTC
Having a debt and putting money into Mintcoin regardless IS relevant. It's a potent way of showing your conviction. I'm sure there are other people putting money into cryptos rather than pay off student loans and such - and that just means you believe there is more of a future in cryptos than there is in a perpetual debt economy. I don't think crypto land and debt economies can co-exist for much longer, only one will survive. The reality is that we all have a choice which side of the fence we bet on. There may be more people here gambling a little play money but some people make more serious commitments. I've already said I don't believe Mint will hit 1 Sat but if it does then someone else is going to have to ride in on a white horse and save the day because a major component of its value will be lost at that point in my opinion. Why would you have blind trust in any coin regardless of what happens to it, that doesn't make sense.

The value doesn't derive itself from where it's going to go necessarily. As we've seen with many coins, they can go up and down with manipulation. The idea that if it hit 1 sat it'd somehow end up meaningless and worthless is absurd. It simply means someone is manipulating the prices for one reason or another. It in no way means the coin can't increase in value. It simply means that people need to create the value for it.

Bitcoin was worth less than nothing for well over a year. Now it has value because value has been created. In your eyes, Bitcoin should have been dumped in early 2010 because it was still worth nothing and therefore would never go anywhere. Yet you're here.