Post
Topic
Board Altcoin Discussion
Re: Why is Microcash a scam?
by
Schwede65
on 14/05/2012, 19:44:22 UTC
Microcash is scam because it not store of value. Best to put money in bank with 0.25% annual interest or under mattress than put in Microcash.

With Microcash daily account fee you lose money every day.


it's not correct, when you have some MC$ in your wallet, you will get daily interest...

the daily account fee is MC$ 0.005, that means MC$ 1.825 a year, when you have a very small account...

every account has to pay it, after that it is redistributed proportional to the network regarding even how big every account is...

this is a "cleaning" mechanism and spam protection...

this will strengthen the network, you can get some MC$ even if you are not mining, only by hoarding the currency...

correct numbers of holding MC$ to get interest can't be given now and it will fluctuate because it depends on the number of accounts and how much MC$ you have...