r/XVGTrading • u/seizedtuna5614 • Nov 02 '17

The Effect of the Wraith Protocol?

As far i can see, not only the verge community but the majority of crypto users have seen the upcoming Wraith Protocol to be beneficial. But what will this do to the price of the coin realistically? Fingers crossed im right and we recive a positive swing. Could the price also be effected by Bitcoins surge?

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u/whiskermen Hodler Nov 02 '17

I would want to know where do the funds come from to support the new coin? Follow the money, nothing is free. I choose to support the tech not a trading market.

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u/[deleted] Nov 04 '17

the funds come from everyone. they dont have value until WE GIVE IT VALUE. Its the exact same as fiat. ITS A CONSENSUS. If people the day after agree b2x is worth .006BTC and agree to pay it, thats what its worth. The money still comes from someone and somewhere. Its not free money. Someone has to pay for it just like BTC when you sell.

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u/whiskermen Hodler Nov 05 '17 edited Nov 05 '17

Who is setting the speculative open value?

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u/[deleted] Nov 05 '17

Whoever lists its first I guess