'42Coin' Is Less Than Two Weeks Old And One Coin Is Worth More Than A Bitcoin(businessinsider.in)
businessinsider.in
'42Coin' Is Less Than Two Weeks Old And One Coin Is Worth More Than A Bitcoin
http://www.businessinsider.in/42Coin-Is-Less-Than-Two-Weeks-Old-And-Already-One-Coin-Is-Worth-WAY-More-Than-A-Bitcoin/articleshow/28810600.cms
2 comments
If you take bitcoins price ($900 at the time of this writing), multiply it by 21 million (the max amount that can be mined), and divide it by 42, you get $450000000. So if bitcoins only had 42 in existence and it still got the same attention as it does today, it would be worth much more than 42 coin. I still like the idea of it but the fact that its worth more is false because in theory, bitcoin is worth more.
Typical misleading and sensationalist titles from BusinessInsider. The value of a cryptocoin in isolation means nothing, because there could be only 10 of them available, and they have a market cap of $10 million, then 1 would be worth $1 million. This is no different than talking about a "MegaBitcoin" being worth $800 million, with only 12 of them or so being available right now.
I think someone just created the coin as a response to DogeCoin. There are supposed to be 100billion dogecoins and this hacker went the opposite way to create 42 ( limited) number of coins.
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However, at current difficulty 42coin is 10 times more profitable than Bitcoin.
aren't almost, if not all alt-coins more profitable to mine?
Most are. http://coinchoose.com lays them out for you.