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RE: A Facebook or JPM Coin would actually be very good for Bitcoin!

in #bitcoin6 years ago

Whole development team of the code is background checked, then they will go through the source code of the coin. I know this, because I've been member of development team for several coins. Larger exchanges also require links to any discussion groups to see the size of the active userbase.

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This may or may not be anything like a normal cryptocurrency. It may not be a "cryptocurrency" at all.

I divide everything to real cryptocurrencies and token contracts that ride on other cryptocurrencies... If something is neither, then it's not worth mentioning.

Like they say: If it walks like a duck, if it quacks like a duck, then it's a duck...

Yea it is just difficult to say exactly how these will operate considering they aren't even built yet...

We just have to wait and see... Doesn't make sense to speculate even though I'm a coin developer myself...