Empirically with proof - of - work - based blockchains, the labor force and the liquidity providers all still depend on functional, mature foreign capital markets in order to convert
their coins into real money.
Not exact matches
People are pouring
money into cryptocurrency - based initial
coin offerings, even though there are often no underlying assets with
real value.
Moreover, when your trades are copied by other traders, you are rewarded with CopyOp
coins which you can convert
into real money; for every trade copied by another trader, you receive 2
coins, and 1
coin for each subsequent trade [30
coins are worth $ 5 while 600
coins are worth $ 150].
The team understood that monetizing the virtual
coins by turning them
into real money was an opportunity for developers and users to create a new stream of revenue.
I mean they are dealing with people investing
real money in the core
coins to get
into these forks for the airdrops or very questionable private key drops (where you put in your private keys from your wallet to get access to the forked
coins).