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RE: Cryptocurrency 2.0: Manna Solving A Lot Of Problems: Will It Fly Like STEEM?
@taskmaster4450 I love the idea behind this project. Now granted, I haven't read the white paper yet, but what makes this coin valuable? Like in the instance of Bitcoin, it's the scarcity that makes it valuable. What would make the price of Mana rise vs. tank?
Thank you for the comment @kslo and the interest.
In my view, the reason this will take off is simply the fact that it is given to people, many of whom are without resources. With currency, people use what they have and that is the advantage to this. If this can spread, especially in the poorer nations, there will be millions of people using this currency. Naturally, I am not claiming this to be the only token people use, there will be many. However, it is the easiest to acquire. Even compared to STEEM, Manna is a snap. Sign up and get the tokens...on STEEM one has to post, upvote, and comment to get token....Manna, sign up and receive.
Even in the Western countries, this will be a great entry point into Cryptocurrencies. People will be given them which means they will start to take interest. The fact it is designed to help end poverty will also aid in the usage since people like projects like that.
I didnt include a couple things in my post which means I will have to do another post following up on this....but there is going to be a program to assist in the scarcity that you mentioned with BTC.
Thanks for your reply @taskmaster4450, it really sounds like an interesting project. I'm going to read up on it more and I look forward to your follow up post.