Nothing more than recent trading and releasing their white paper on Feb 1.
And a repurchase, or something, I think.
Do not follow me.
Edit: And the guy behind it said he aims to be a top ten coin by the end of the year, which…you know…course he’s gonna say that, and a year on this market is a looooooooong time. Could just as easily disappear.
Thanks wim. I’m looking for a decent cheap coin but couldn’t find anything impressive about pac coin. Seems there’s over a trillion coins issued with no clear use case yet. Definitely high risk, high reward
Bitcoin is an active currency, it can be used to buy goods and services.
Good luck ever buying anything with any of the thousands of prentend-o-coins going around.
It is largely a PR thing too, though. It has the most established brand (even though it’s an open-source, decentralised design not owned by any one party.)
For a currency to be a currency it needs to be traded and exchanged right? Ie for any of these ‘coins’ if you can buy them at a value you can sell them at a value.
I see its merit.more in the whole blockchain idea for trustworthy transactions.
No wonder the worlds arms and drug dealers jumped in first.
prolly semantics, but they don’t make other bitcoins. they make other currencies based on the same premise as bitcoin.
from an absolute noob, i think how is it really any different this system from the one we have now with banks, who just create numbers on a computer, and that money just exists without any liquidity (i think is the right path) behind it.
Reserve Banks dictate the physical money supply, but commercial banks invent money all the time. They usually lend it to you as a mortgage, then charge you interest on the invented money.
Franctional-reserve banking can’t happen under blockchain currency.