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/biz/ - Business & Finance

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13282729 No.13282729 [Reply] [Original]

What makes this coin special?

I read the medium argument, but am too much of a brainlet to see why this would go x100

>> No.13283001

>>13281300
it got exposed in this thread here.

basically the scaling is so high that in order for anything more then the minimum fee to be used then we would need such mass adoption that this planet is not capable of.

the fee would be sent to the miners who would then in turn dump instantly. remember this is not a coin that is a store of value. there is no reason this coin should gain any value at all.

its great efficient tech but not a good investment.

its similar to vidt and thats because
>marketers buy vidt
>users earn vidt from watching ads and such
>users sell instantly since there is no point in holding it as its not a store of value or currency
>price stays the same

its basically the same cycle therefore there is no point in this gaining value since 11 dollars gets you 1 million stored records

>> No.13283039

>>13283001
You're retarded

Other than the transaction comments thing, it's pretty much Litecoin, a mined cryptocurrency with limited supply, so of course it can be used as a store of value

>> No.13283072

>>13283039
its not going to be used as a store of value or a currency. its a utility token you're a goddamn idiot and deserve to be poor

>> No.13283099

>>13283039
you have no idea what you're talking about dude. flo is all about the easily searchable metadata layer built into it.

Just as the guy said earlier great tech, but theres no value capture mechanism that all of the current generation of tokens have.

>> No.13283167

>>13283072
>its not going to be used as a store of value or a currency
yes, it is

you can use the transaction comments to carry the protocol, and the native currency as a store of value, all conveniently integrated together

e.g. an open social network protocol with flo-backed karma system

it's not my fault that you have no imagination at all

>> No.13283179
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13283179

>> No.13283194

Overstock is bankrupt, using tokens hype to steal normies money.
Enjoy your bags retards.

>> No.13283385

>>13282729
>What makes this coin special?
its actually being used

>> No.13283418

>>13283167
>you can use the transaction comments to carry the protocol, and the native currency as a store of value, all conveniently integrated together

someone was talking about making flochan,

>> No.13283496

>>13283418
It was Joey Fiscella, he owns flochan.org

I don't know if he made any progress on that though

>> No.13283506

>>13282729
yes

>> No.13283646

>>13282729

Nothing move on. This is a bizlet coin. No new money coming in ever.

>> No.13283677

>>13283646
The coin is 5 years old, practically older than biz and half you normy scum.