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by sathishmanohar
4395 days ago
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I thought miners get coins for transmitting bandwidth which they can sell at exchanges, and people who do not participate in transmitting but want to trasmit buy these coins to consume bandwidth in the network. It would make sense. Essentially miners would be bandwidth providers and consumers buy torcoin to pay miners. The monetary value of torcoin will be decided by free market. |
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But the context you've given is similar to the argument that *coins have value because of the electricity costs required for their creation. Unless I can trade those coins for units of energy, those coins are not a store of the value of their energy cost.
Similarly, unless I can trade these coins for access to higher bandwidth on tor (and/or if the lack of them denies me access to tor ), they hold no value to anyone except as a speculation vehicle (as any other coin of the day).