Truthcoin Talk 2.0

General Category => General => Topic started by: Wit on December 01, 2014, 03:08:45 AM

Title: I spend alot of time gambling. I love this idea. But how can I invest?
Post by: Wit on December 01, 2014, 03:08:45 AM
How do I invest in this?

I know you have two coins. One is for cash, the other is for voting.
I like the idea that you're thinking of using the bitcoin snapshot for a cashcoin distribution.
It's not a bad idea because people's investment in bitcoin is one proxy for their confidence in crypto currency.

Will there be a market value for cashcoin vs bitcoin when it first opens? (even if it's a sidechain)
Title: Re: I spend alot of time gambling. I love this idea. But how can I invest?
Post by: psztorc on December 02, 2014, 09:23:04 PM
Hi Wit,

Sorry for the delay. I was hoping that another forum user would jump in and participate in this conversation (alas).

Unfortunately, I don't think you'll be able to invest in this. This community, and this type of Bitcoin 2.0 project, has a long history of unethical investment-solicitation which has discouraged me from seeking more than 1 or 2 individual investors.

My guess is that the 2 way peg will make the concept of individual market-caps almost completely irrelevant. Instead I think Cashcoin and Bitcoin would share the same marketcap (which would be higher than { Marketcap(Cashcoin) + Marketcap(Bitcoin) } ).