How does the early adoption of a cryptocurrency works? [on hold]

How does the early adoption of a cryptocurrency works? [on hold]

Let's assume that a cryptocurrency is launched tomorrow, and there is a fixed amount of 'pseudocoins'. At this stage nobody owns them, that is no coin has been mined. Further, users can obtain coins by exchanging them for goods or services. But, if there are no users in possession of coins at the early beginning of the system, how does the first exchanges of value with 'pseudocoins' happened? There must have been some sort of early process of distribution of coins at the early beginning.

Intuitively I suspect that:

Pase 1: Suppliers of value received 'pseudocoins' directly from the system (mined from the system).

Pase 2: Once all 'pseudocoins' are mined, then the exchange of coins is only between users.

Is this intuition correct?

https://ift.tt/2JsEdMH

Comments

Popular posts from this blog

bitcoin node: what is the difference between simnet and regtest?

How to check if Electrum is masking my IP with the Tor proxy?

Need help to recover blpckchain.info wallet, my wife forgot her password and the brute force with btcrecover is not catching the password