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Business models like NiceHash (putting aside their security issues) have elevated the price of bitcoin by letting miners mine the most profitable currency and t
by cortic 9y ago
Business models like NiceHash (putting aside their security issues) have elevated the price of bitcoin by letting miners mine the most profitable currency and then immediately selling it for BTC. This moves the demand off the best alt currencies onto BTC; so the more block chains the merrier as long as this kinds of business model persists, and i think it will.
Also; "People have this bizarre idea that cryptocurrency tokens are ‘rare’." the belief in value is basically the foundation of all currency, why would cryptocurrency be any different?