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Yea, it will be very difficult at the beginning to convince people to actually accept Swiftcoin for services. In order for this to occur there will need to be s
by zaguios 10y ago
Yea, it will be very difficult at the beginning to convince people to actually accept Swiftcoin for services. In order for this to occur there will need to be speculation that coins will be worth a certain amount in the future.
I.E. if a person is willing to make the bet that Swift Coins will become valuable in the future they might try to buy a large amount now for a discounted price so in the future they can turn a profit. Once this begins to occur it will likely become a self-fulfilling prophecy since more users will want to sign up since the coins will have value due to people buying them as an investment. Once the price stabilizes at a reasonable number it can then proceed to be used as a normal currency.