I get the cryptocoins that are "currency" or a store of value model.
I get the investment side as far as the coins increasing and decreasing in value in the markets.
What no one can explain or give an example of is how these "coins" or algorithms can be practically applied n the real world.
Any algorithm that uses a coin to run the network would wind up costing the consumer more if the value increases.
Any company that takes the coin as a form of payment loses money when the value decreases.
I am fascinated by the technology and the investment side is pretty easy to understand, but how it translates into real world implementation that generates money I do not understand.
Reading all the white papers and researching all the problems each "coin" is going to solve is great, but Im having a difficult time seeing how the investment side and the practical application side of these coins are married.
Absolutely nobody wants to answer this question.
Please someone give any example of a coins value increasing and the cost to the consumer does not change.
If consumer A needs 4 eth to close a transaction with business B, then 2 days later ETH increases in value, how does consumer C close the same transaction with business B for the same price?
I too dont understand why people are getting involve with these altcoins who doesnt have any use at all.especially XRP which is just another shitcoin created by the bankers to your question,Consumer C would require less amount of ETH than Consumer A's transcation because the price fluctuated and if we are speaking in satoshis.