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Author Topic: New alt crypto ?  (Read 412 times)
deodecagone (OP)
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December 07, 2013, 12:37:07 PM
 #1

Physical gold always, beyond its scarcity, always offered an intirinsic value. Leisure, arts, medicine, chemistry, research, beyond the currency, gold was searched for because there was a demand for it.

What about a coin with a similar intirinsic value ?

A coin where users would buy the coin because it gives a direct service ?

What could be the intrinsic value of crypto ?

Actually it has an intrinsic value, the network hash power. Rather tahn turning this network power into wasted power , this power could give a service.

I always dreamt of a coin where you would have to pay using the coin to buy a SH256, Encrypted chain network brute force, maybe starting with lower diff rate  ? Is that ever possible ? That way, it give an intrinsic value, something making people buying the coin to get the service.
KleinMatthias
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December 07, 2013, 12:45:10 PM
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In  a way, the CureCoin is doing that: instead of wasting Hash power, they use the Folding@Home-Software from Stanford. So essentially, you donate your computational power to cancer research.
And if you buy CureCoin, you do the same.
deodecagone (OP)
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December 07, 2013, 12:52:40 PM
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but it is not giving you a direct service to you, right (Agree it is not politically correct, but ... ) ? I mean I would pay if the network power is granted to me for my own personal use.
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