What’s the incentive for “holding” on your chosen coin?
It might be an excellent medium of exchange or a currency with superb features, but why “hold it”?
If you need to make a “private payment” the process would be: FIAT or BTC > private coin > payment
Are you receiving anything besides a future promise of a price increase? Will, you ever receive anything?
Wake up please, you are playing a zero-sum game. A situation in which each participant’s gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants.
The interesting part of this result is that pursuing individual reward logically leads players to betray unless the correct incentives are applied.
MYCE organizes a group around a digital currency by aligning their economic incentives.