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/biz/ - Business & Finance

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30106730 No.30106730 [Reply] [Original]

so I’ve seen all the posts about L2 and how it’s like a highway to get onto and rubic will remove the gas fees etc etc. what I don’t understand is this: why does use of rubic as an exchange raise the price of the coin? because more people need to buy the coin to do transactions, raising demand? wouldnt this make transactions more expensive over time? as demand for the coin increases, the supply (computing/mining power) needs to be incentivized more, so the coin value increases? this is the only answer I have, but then the question is “how can rubic simultaneously incentivize mining will also keeping gas low?” Is my understanding correct?

>> No.30107089

>>30106730
cubic go up haha

>> No.30107559

>>30106730

It’s almost like there’s a white paper around telling you exactly why the token exists and why it would rise in value

>> No.30107581

>>30106730
wow no one has ever thought of this before, you’re literally the only person that ever thought of this issue on any forum or the development team. Just sold all my Rubic, thanks

>> No.30108017

rubic is not mined

>> No.30108328

>>30108017
Then what incentivized the decentralized nature of the network? Why does this need to be decentralized?

>> No.30108390
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30108390

>>30108328
Like if it’s not mined, then presumably the incentive is taken as part of the transaction. But wouldnt this need to be a large fee to keep the incentive enough?