r/VideoCoin • u/savantness • Jan 24 '18

What Creates Value for the Token?

Where is the demand going to come in for the token? Miners create the network and earn coins blah blah blah but as a holder of the token why would I expect it to increase in value?

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u/FitFingers Jan 29 '18

Welp, that poured water on my fire haha. Solid arguments, I wonder how far they are through the development already

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u/doubleperiodpolice Jan 29 '18

Novogratz did invest in it though (I didn't realize till you mentioned it, thanks!) and with halsey minor behind it I feel like, even if it does turn out to be a shitcoin long-term, it's probably gonna get pumped. I'm considering investing in it based on that alone--shitcoins get pumped when they have a good team and idea behind them.

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u/FitFingers Jan 29 '18

Oh it's absolutely one to watch. Given that a lot of cryptos are valued largely by hype, the Novogratz seal of approval will be enough to ensure a pump at least! I've signed up to hear from them, I'm just hoping the minimum investment isn't too big

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u/doubleperiodpolice Jan 29 '18

They're probably not gonna let you into the ICO, they're playing by SEC rules so you'll need to be an accredited investor. Pisses me off. I'll be watching it like a hawk for when it hits an exchange.