Marketcapcoin is a very small coin, with a market cap of $100 million, that has managed to separate those people who have a large social media presence from the wheat from the chaff.
Marketcapcoin can be used as money, and it’s been used this way. It has also been used to signal which people are worth following on Twitter and Facebook.
The coin was first distributed by Hacker News in 2011, where it was named “Fluffy.” It became known as “market capcoin” in 2012 after John McAfee proclaimed it the new “world currency.” It’s currently trading at about $88.
Marketcapcoin is a cryptocurrency designed to separate the wheat from the chaff. In the old days of cryptocurrencies, every new coin had to start somewhere, and most of them ended up doing pretty much what they started out to do: trying to solve some technical problem or serve some niche market. But now there are thousands of cryptocurrencies, each with its own niche, and no one knows which one will succeed or fail.
Marketcapcoin takes a different approach. It is deliberately designed not to be useful in itself. More than that, it deliberately tries not to solve any real problem. The only thing it does is try to give market-makers a way of telling whether the price they are quoting for a given coin is too high or too low.
Our idea is that market-makers will like this coin more than others because it makes their job easier, and because they’ll get paid more for quoting high prices than they would for quoting low ones. This will push up the price of Marketcapcoin just as it does with other coins, because all the other coins are also trying to pull their prices up by making things harder for market-makers.
The trick is that Marketcapcoin doesn’t take any effort at all on your part: you can choose to mine
A small coin is a good indicator of how much trust a social network has. It is a measure of the amount of value that people place on their own reputation, and more importantly for this coin, it is a measure of the degree to which the rest of the world values your reputation. The larger the number, the more valuable you are.
This is a low-value coin. This coin does not mean very much in itself. Each person has to copy it for themselves. It’s not like these people are going to be able to sell their own reputation back to you; they don’t know that you have this coin yet. But collectively these people can create something valuable: an independent metric of trust in the form of marketcapcoin, or MCC.
MCC is not intended to be a currency because there is nothing to buy or sell with MCC other than yourself, and there will never be anything else.
In the stock-market, there are famous stocks, and there are famous companies. The names of the stocks often get into the newspapers: Microsoft is a stock, for example. But since most people don’t buy stocks, or even own a computer, this doesn’t really mean anything. A stock is an object that you can use to trade shares of a company. And companies are supposed to be something you can use to make money; they have an objective value.
But in fact the opposite is true. The reason you can use a stock to trade shares of Microsoft is because you can use Microsoft without having to buy it. Even if you think that Microsoft is worthless, you can still buy and sell it on the market. If you want to get rich trading stocks, your best bet is not to buy one of the “famous” stocks that everyone knows about but actually owns nothing at all.
The problem with marketcapcoin
That which is not forbidden, is compulsory.
I want to build a social network that’s free of censorship and surveillance. Furthermore, I want it to be as open as possible: if you want to post a picture or a video, you should be able to do so without worrying that someone has already done it first.
But here’s the problem: I want my site to be free of advertising and data mining. Because if it is, then users will not feel compelled to pay for access in order to avoid seeing ads or having their data sold. I’ve spent a lot of time thinking about this, and have come up with a solution that’s perfect for me: a currency called the Marketcapcoin (MCC).
A MCC is a coin that can only be used on my website; you earn MCC by helping me build a better social network, and you spend them by visiting my website.
MCCs are not like BTC; they’re more like physical currency than digital money. If you accept MCC as payment for something, you don’t have to worry about it being worth less tomorrow than today because there’s no way of knowing what the price will be tomorrow. You don’t have to keep track of how many MCC
Marketcapcoin is a cryptocurrency that has two characteristics: it can be exchanged for goods and services, and it doesn’t have a fixed value.
It’s easy to think of other cryptocurrencies as programs that produce money. But that’s not quite right. A cryptocurrency is like a computer program in which the rules are just those needed to make sure the program runs. They don’t tell you how to do anything; they only tell you what to do. In particular, they don’t tell you how to design the program. Put another way, the software you get when you download a cryptocurrency is exactly like a computer program you write yourself—except for one thing: it works without your having written any code at all.
Marketcapcoin has three special features:
– It can be bought and sold for real goods and services. – Its value doesn’t change from one day to the next; it’s always worth $100, no matter where in the universe someone might find it. – It is actually run by humans—not by anonymous computer programs, but by people who want to sell things and people who want to buy them.
In 2009, a small team of hackers and cryptographers made history by creating the world’s first functioning general-purpose cryptocurrency. Bitcoin was born.
Among the original founders was Hal Finney, a research scientist at Microsoft and one of the world’s best known cryptographic experts. He died in 2014. Since then, Bitcoin has continued to be one of the most exciting technological achievements in history. But because so many people have tried to cash in on its success, it has also been plagued by scams.
In September 2015, the Federal Bureau of Investigation arrested Charlie Shrem, a twenty-six-year-old college dropout who had been selling bitcoins for over two years. He was running what is arguably the most famous Bitcoin exchange in the world and had recently launched an online casino that allowed customers to gamble with bitcoins. He was a very likeable guy, but he failed to see that his shenanigans would jeopardize his standing as a trusted intermediary between Bitcoin users and merchants, which is what he intended to be.
But why should you care? What does this have to do with MarketCapCoin? Because there are dozens of other ways for people to get rich off Bitcoin without breaking any laws or even getting their hands dirty – but only one way that doesn’t involve invent