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Maybe, but you can't create an unlimited amount of computers. That's why ICOs are valuable; they add transaction processing capacity to the overall network (wh
by jondubois 9y ago
Maybe, but you can't create an unlimited amount of computers.
That's why ICOs are valuable; they add transaction processing capacity to the overall network (which encompasses all cryptocurrencies) or at least shift transaction processing capacity away from Bitcoin (E.g. when bitcoin miners are re-purposed to mine other more efficient Altcoins).
The limited supply of tokens doesn't matter. The real underlying value is driven by the limited supply of machines which process token transactions. If all machines and all consumer attention suddenly shifted to a different Altcoin, then Bitcoin's value would drop to zero and that other coin's value would skyrocket.