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What if you look at a proof of stake coin, where the business is generating profit. And the business buys back coins to bring profit to owners. Also considerin
by Freestyler_3 5y ago
What if you look at a proof of stake coin, where the business is generating profit. And the business buys back coins to bring profit to owners.
Also considering staking.
Crypto is not all bitcoin copies, it is an evolving concept.
- lottin 5y agoA proof of stake coin is still a coin. It's not a business. A business is an activity consisting in making products and/or services and selling them in the market for a profit. I mean, you can buy a business with a coin, or you can buy an investment product, but that wouldn't be the coin.
- Freestyler_3 5y agoExample: A company creates a coin with a maximum amount of coins, the service they sell is valued by customers, the money from customers is used to buy their own coins back and destroy them. It is not just coins, there are services tied to coins.
- user-the-name 5y agoProof of stake only gives you new coins, not actual value. You may or may not be able to trade those additional coins for value, but that does not matter here.