DeepikaSo I’ve been writing about the value coinbase for quite some time now, but I never thought I’d share my thoughts with all of you. I’m not the only person to have been using it, but I am the first to offer it as an alternative.
The value coinbase is a collection of coins, like currency or coinsurance. It’s a piece of hardware, and each coin has a value. I don’t even know if it will ever truly become a currency. I don’t know if I should buy the value coins, or what the value coins will be today.
I think the value coinbase has one big problem. It doesn’t have any value. All of the “value” that you see on the coins is just a meaningless number assigned to each coin. A coin with a value of 10 could be 10 million coins a piece, but it’s still just a piece of metal with a number attached to it.
I dont know if this is a good example of a coinbase, but it illustrates this problem. You don’t get any value from a coin, but I do. I’m a coinhead. I value every coin I own.
It’s a similar problem with circuit of value, but the coinbase has a very good value (it’s literally worth 10,000 coins) and the circuit has a very bad value (it’s only worth 5,000 coins). One way to make it more like a coin base is to make the circuit have some value (it’s worth $10,000) and the circuit not have any value (it’s worth $0).
So I have a coinbase that I put in my pocket that I value 10,000 coins worth. I have a circuit that I put in my pocket that I value 5,000 coins worth. I can see how you might have some value from the circuit, but not from the coinbase. That’s not to say you couldn’t, but you wouldn’t expect a circuit to have value since its only worth 5,000 coins.
While circuits of value are fun, they do have their drawbacks. For example, if you put a circuit in your pocket that is 10,000 coins worth and then put another circuit in your pocket that is 5,000 coins worth it does NOT make either of the circuits worth 10,000 coins.
circuits of value has a lot of positive points. For one, it makes it clear that you are making a purchase, instead of just buying it outright. It also makes it clear that you are buying something that actually might be valuable. That’s important because it shows that you are giving value to the circuit, not just taking it because its 10,000 coins worth.
I think that circuits of value also has a lot of negatives. The first is that I don’t know what circuits of value is, but I could care less. The second is that I know that it’s making sense, but it makes me think “what is this really worth?” It feels like I’m just getting a piece of a puzzle that isn’t quite right. That also makes me feel like I’m not buying a good deal because I’m not really interested in it.
That was my first thought and it makes sense. Circuits of value is a method of acquiring financial assets without having to trust that it was actually worth that much money. It just sounds right as a description for something that I could use.
