Originally Posted by RAFFY
I will actually be keeping an eye out on this one. This may actually go some where but only time and research will tell.
Oh yeah I totally agree with you. I really don't think Nutcoin will be worth that much at all. But I am having a blast mining 3mil of them a day. It's just fun to watch the wallet grow and grow.
I know the feeling... and the more I think of the over 51% thing - it really shouldn't
be much of an issue when a coin is this young and non-listed with what practically amounts to absolutely no value whatsoever - it's not like someone can forge/double-spend something that has no value (or more accurately there isn't an incentive to do so). Plus it's no different than a coin with a huge premine - OK it's actually better
than that - it's just that the 'premine' is distributed to the early adopters - which seems fair to me.
Originally Posted by blkdoutgsxr
About 10 min ago I was like eh I'll switch over to Nut for a little bit... Pretty much been spamming F5 ever since just watching the Unconfirmed balance climb every 30 sec. LoL, the coin is addicting and it probably is not good for me.
That's the one aspect of massive-block-count-coins like this, DOGE, MOON, etc... even though they die on the vine much more often - in the end it is much more likely that a coin which comes close to eventual parity with either the dollar or the euro will wind up being actually used
- as opposed to mostly being hoarded. Despite the fact that they are actually more valuable than $0.01/ea - no one bothers to hoard millions of pennies (or at least no one that isn't insane)... we all just treat them as a rounding error in our cash purchases and either dump them in a Coinstar when our bowl/jar at home gets full or leave them in the tray at the convenience store for someone else.
Plus I think in reality the psychological payoff of having millions of something (even if a sandwich costs 100K coins) is really appealing to many people - at least in comparison to paying .005 coin for that same sandwich, from your "massive" net worth of 25 coins or something along those lines.