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Edward64 · 03-17-2018, 09:22 AM

Just saw the video re: GDAX (thanks Arles).

When I went into GDAX, I could see trading on a Sat. Its 24/7 trading (guess should have known) and Bitcoin is $8K, down approx 6% today so far.

I don't understand why there are so many different altcoins and how they can make money and be sustainable (e.g. steemit)

After an hour of googling, I'm still not sure what the answer is - each altcoin has their own "IPO" / ICO and can be viewed as their own corporation with their own raison d'etre.

I see the benefit of digital currency ... I don't yet see the benefit of so many different types. Its smells a lot like the dotcom boom/bust to me ...

... my altcoin education continues

03-17-2018, 09:22 AM	#62
Edward64 Head Coach Join Date: Oct 2005	Just saw the video re: GDAX (thanks Arles). When I went into GDAX, I could see trading on a Sat. Its 24/7 trading (guess should have known) and Bitcoin is $8K, down approx 6% today so far. I don't understand why there are so many different altcoins and how they can make money and be sustainable (e.g. steemit) After an hour of googling, I'm still not sure what the answer is - each altcoin has their own "IPO" / ICO and can be viewed as their own corporation with their own raison d'etre. I see the benefit of digital currency ... I don't yet see the benefit of so many different types. Its smells a lot like the dotcom boom/bust to me ... ... my altcoin education continues Last edited by Edward64 : 03-17-2018 at 09:23 AM.