In your explanation, is XLB the coal or the gold?
The XLB is the wanted item so it would be the gold. The "shitcoins" being mined and sold are the coal.
Fair enough, thanks for explaining that.
However, isn't the real gold BTC? BTC is the current standard by which all coins are measured and valued.
Currently, they have no real world value outside of the BTC exchange.
Aren't all XLB ultimately traded for BTC?
In which case, XLB is an intermediary product - let's call it chocolate!
People mine coal, trade it for chocolate and then sell the chocolate for gold.
In reality, people mine crapcoins on multipool, trade them for BTC, trade those BTC for XLB and then trade those XLB back again for BTC.
Ultimately, all coins are a means to obtain BTC and all coins are traded to acquire more BTC.