How do coins (Megacoin) with no miners have a price?
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Megacoin did a couple of good things then hasn’t been developed for years and don’t seem to have miners? Can anyone explain why (or how) it has a price? or a market cap?
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btc38 is it’s major exchange…
China seems to like it…
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In that case they must be running their own private network and you can only have a wallet on their server. You can’t transfer coins without miners. No development for 4 years, there wasn’t any Megacoin blockchain to sync to a year ago.
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@AcidD said in How do coins (Megacoin) with no miners have a price?:
btc38
They seem to own all the Megacoins : https://bitinfocharts.com/megacoin/wallet/BTC38 cold wallet
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@wrapper said in How do coins (Megacoin) with no miners have a price?:
Megacoin
because most people don’t care about the technology they just care about the price.
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There are only 20 nodes - the price must just be them buying from themselves.
https://bitinfocharts.com/megacoin/
https://bitinfocharts.com/comparison/megacoin-marketcap.html
