Quote from: MikeGAZ83 on August 13, 2014, 12:55:52 AM

Quote from: cryptzo on August 12, 2014, 11:08:45 PM

What's smart about this coin is that it's flying under the radar, but still managed to grab some interest, and is going to create some interesting confusion when it hits exchanges, which it will. Hell, even the joke that was bumbacoin hit exchanges. Lol!

Suppose it hits some lowbie exchanges in a week or two with a lame 20k market cap, hypothetically. Well, lets think about that. There's something like 25k coins now, in two weeks there'll be 14 (days) * 24 (hours) * 60 (minutes) * 4 (coins) + the 25,000 is that there already are. Great. So what's that add up to? Oh, about 105,640 coins. What's a 20k market cap on 105k coins? About $0.19, or 34k satoshis (0.00034btc)

People are going to look at 34k sats on this silly little coin, say wtf, and dash off to try mining it. Of course the market will happily absorb the silly 5760 coins per day that actually get produced. Meanwhile, somewhere in the silly hubub, someone's going to realize that the cap is low, scoop up the coins that miners are dumping, and give the old girl some trading action, and pump the girl.

It's even sillier if the coin gets added to exchanges in less than 2 weeks. Trader's minds are so warped by the pow/pos coins out there, they'll think it's hyper valuable because it carries such a high pricetag for it's '1.2m coins' when there's nowhere near that many. There'll be half that in 3 1/2 months when the rewards halve. Bagholders will hold the price up, and a community will develop, funny memes will follow, etc. etc.

So yeah, I'm mining Miley's atm. It's probably going to be a waste of time, but who knows. I needed a laugh anyway.

Keep mining Miley's we are due to succeed Grin

True that!