Hacker News new | ask | show | jobs
by nikanj 3086 days ago
How are these any different from say Bitcoin?
3 comments

Bitcoin doesn't pay out cash when you find a block. It pays out Bitcoins. So the value of that is based on how much other people will pay for a bitcoin.
people pay for Bitcoin
You can buy things with Bitcoin.
You can buy things with $3000 cash as well.
But not a Bitcoin