3 ms·
'42Coin' Is Less Than Two Weeks Old And One Coin Is Worth More Than A Bitcoin
- higherpurpose 13y agoTypical misleading and sensationalist titles from BusinessInsider. The value of a cryptocoin in isolation means nothing, because there could be only 10 of them available, and they have a market cap of $10 million, then 1 would be worth $1 million. This is no different than talking about a "MegaBitcoin" being worth $800 million, with only 12 of them or so being available right now.
- shasa 13y agoI think someone just created the coin as a response to DogeCoin. There are supposed to be 100billion dogecoins and this hacker went the opposite way to create 42 ( limited) number of coins.
- deleted 13y ago[deleted]
- shasa 13y agoHowever, at current difficulty 42coin is 10 times more profitable than Bitcoin.
- nahtnam 13y agoIf you take bitcoins price ($900 at the time of this writing), multiply it by 21 million (the max amount that can be mined), and divide it by 42, you get $450000000. So if bitcoins only had 42 in existence and it still got the same attention as it does today, it would be worth much more than 42 coin. I still like the idea of it but the fact that its worth more is false because in theory, bitcoin is worth more.