Dr Vijay Pande (founder of leader of folding@home) is keeping busy. Now Andreessen Horowitz is pretty keen on bitcoin and a general interest in all cool digital items (like f@h). The recent price spike that left people baffled... seems like it spiked oddly a few times recently. Since its still profitable even though the price is not holding the peak of what it just hit, team curecoin is growing very fast! At this pace we will break our own world record we hold on the folding@home network. So .. speculation.. once the spike in folders starts to slow down or even out - another price spike from interested parties could happen, making sure to keep the folders (miners) happy and in the green. Again just some fun with speculation. It could be any number of entities that created the price spike.
So you guys definitely do not know what created September price hike?
I myself have no idea how is the monetization of Curecoin possible in the first place. I thought that the value of Curecoin comes from people who buy Curecoin for $$$ and then donate them to Curecoin project.
Is that correct?
I understand why Bitcoin for example can be monetized: people buy Bitcoin for $$$ and use them to buy stuff on Darknet or pay cryptoware ransoms. And there are chinese billionares who need to move their billions out of the country so they buy Bitcoins in China and exchange them for dollars out of China. So suddenly bits of ones and zeros called Bitcoins have monetary value.
I understand that altcoins like Ethereum/Libry/Monero have some specific features that make people buy them instead Bitcoin.
But who buys Cure for $$$? Who wants Cure? How is it possible it can be exchanged for Bitcoins and then those Bitcoins exchanged for $$$?
Can somebody elaborate because it boggles my mind.
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