Insidb on 08 June 2017
| monocle_layton said: It's weird, and it's something that many websites can't seem to explain properly. How exactly do these cryptocurrencies gain traction? Couldn't anyone simply make their own? What prevents a generic Bitcoin from becoming as successful as Bitcoin and other cryptocurrencies? With how little I know about the subject, it'd be inappropriate to give an opinion |
Usually they arise from a bartering system, like BAT: Basic Attention Token. The agreement is that the token are worth viewers, and we exchange them in the asvertising marketplace. How those services are viewed relative to other marketplaces is how we determine currency-to-currency exchange rates. The reason Bitvoin and Etherum are so important is that they provide a global currency, through which other currencies can flow. It's similar to nations that have local and national currency exhanges.
